Brady Corp SEC Filings

FMR LLC amended its Schedule 13G to report beneficial ownership of 6,539,875.17 shares of Brady Corporation Class A Nonvoting Common Stock, representing 15.0% of that class as of 03/31/2026. The filing (Amendment No. 5) names Abigail P. Johnson as having dispositive power over the same shares. The filing also discloses that Strategic Advisers Fidelity U.S. Total Stock Fund held 2,234,059 shares (5.1%) as of 03/31/2026.

Vanguard Portfolio Management reported beneficial ownership of 2,618,229 shares of Brady Corp Common Stock, representing 5.99% of the class as of 03/31/2026. The Schedule 13G shows Vanguard has sole dispositive power over these shares and no voting power. The filing was signed on 04/29/2026 and states the holdings include securities held for Vanguard funds and managed accounts.

Brady Corporation agreed to acquire Honeywell’s Productivity Solutions and Services (PSS) business for $1.4 billion in cash. PSS provides mobile computers, barcode scanners, printing and software, generated about $1.1 billion of 2025 sales, and has roughly 3,000 employees worldwide.

The deal, valued at about 8x PSS’s EBITDA for the twelve months ended December 31, 2025, is expected to be immediately double-digit accretive to Brady’s adjusted diluted EPS. Brady targets at least $25 million in annual run-rate cost synergies within three years and additional revenue synergies from cross-selling.

Brady will fund the purchase with cash and new debt, backed by a $1.8 billion bridge commitment from BMO Capital Markets, implying net debt-to-EBITDA of about 2.5x after closing, with a goal to delever below 2.0x within two years. Closing is expected in the second half of 2026, subject to regulatory and other customary conditions, and Honeywell will be restricted from competing with the PSS business for four years after closing.

Director Patrick W. Allender received an indirect award of 304 shares of Brady Corp Class A Common Stock on April 6, 2026. The shares were credited to a deferred compensation plan based on his elected deferral of quarterly director fees at $80.22 per share.

Following this compensation-related acquisition, Allender’s deferred compensation holdings now total 101,100 Class A shares held indirectly through the plan. This is a non‑market, grant/award transaction rather than an open‑market purchase or sale.

Brady Corp: The Vanguard Group filed an amended Schedule 13G disclosing zero shares of Beneficial Ownership in Brady Corp common stock following an internal realignment.

The amendment references SEC Release No. 34-39538 and states certain Vanguard subsidiaries and divisions will report ownership separately after the realignment; the filing is signed by Ashley Grim on 03/26/2026.

Brady Corporation reported that Christopher M. Hix has informed the company of his intent to leave its Board of Directors, effective March 31, 2026. Hix currently serves on the Board’s Audit Committee, so his departure will require changes in board and committee composition and oversight responsibilities.

Brady Corporation reported higher results for the quarter and six months ended January 31, 2026. Quarterly net sales reached $384.1 million, up 7.7% from $356.7 million, with organic growth, acquisitions and foreign currency all contributing. Net income for the quarter rose to $48.1 million from $40.3 million, and diluted net income per Class A share increased to $1.01 from $0.83. For the six-month period, net sales were $789.4 million versus $733.7 million, and net income increased to $102.0 million from $87.1 million. Gross margin improved to 50.6% of sales in the quarter and 51.1% year-to-date, helped by the absence of prior-year closure and acquisition-related charges and stronger mix, partly offset by tariffs. R&D spending rose as the company invested in new technologies and integrated recent acquisitions. Cash flow from operations grew to $86.7 million for six months, cash stood at $176.5 million, and credit agreement borrowings were $78.7 million, leaving substantial availability. Brady completed the acquisition of Mecco for $19.2 million, continued dividends on both share classes, and repurchased 65,747 Class A shares during the quarter under its authorization.

Brady Corporation reported strong fiscal 2026 second quarter results with higher sales, earnings, cash flow and raised guidance. Quarterly sales rose 7.7% to $384.1 million, driven by 1.6% organic growth, 2.3% from acquisitions and 3.8% from foreign currency. Net income increased to $48.1 million from $40.3 million, and diluted EPS grew 21.7% to $1.01 from $0.83. Adjusted diluted EPS climbed 9.0% to $1.09.

For the first six months, sales rose 7.6% to $789.4 million, with net income of $102.0 million and diluted EPS of $2.14. Operating cash flow improved to $53.3 million in the quarter and $86.7 million year-to-date, and Brady ended January 31, 2026 with $176.5 million in cash and $78.7 million of long-term debt.

The company raised the low end of its fiscal 2026 GAAP EPS outlook to a range of $4.62–$4.82 and its adjusted diluted EPS guidance to $4.95–$5.15, assuming low single-digit organic growth and a roughly 21% tax rate.

Brady Corporation director Patrick W. Allender reported acquiring additional Class A common stock through the company’s deferred compensation plan. On January 9, 2026, he acquired 296 shares of Brady Corp Class A common stock at $82.21 per share, recorded as an indirect holding under deferred compensation. After this transaction, he beneficially owned 100,510 Class A shares through this deferred compensation arrangement. According to the footnote, these shares result from the director’s quarterly fees for board service, which he has elected to defer into the plan.