Overview
Brady fiscal Q1 sales rise 7.5%, beating analyst expectations
Adjusted EPS for fiscal Q1 beats analyst expectations, rising 8% yr/yr
Company raises low end of full-year adjusted EPS guidance
Outlook
Brady raises low end of fiscal 2026 Adjusted Diluted EPS guidance to $4.90-$5.15
Brady updates fiscal 2026 GAAP EPS guidance to $4.57-$4.82 due to amortization
Fiscal 2026 guidance assumes 21% tax rate and $40 mln capital expenditures
Result Drivers
ORGANIC SALES GROWTH - Brady attributes Q1 sales increase to organic growth, particularly in the Americas & Asia region
ACQUISITIONS - Acquisition of Mecco boosts sales, complements previous acquisition of Gravotech
FOREIGN CURRENCY IMPACT - Foreign currency translation contributed 1.5% to sales growth
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q1 Sales | Beat | $405.29 mln | $393.65 mln (2 Analysts) |
Q1 Adjusted EPS | Beat | $1.21 | $1.18 (2 Analysts) |
Q1 EPS | $1.13 | ||
Q1 Net Income | $53.94 mln | ||
Q1 Operating Income | Slight Miss* | $67.97 mln | $68.20 mln (1 Analyst) |
Q1 Pretax Profit | Miss | $68.48 mln | $69.20 mln (1 Analyst) |
Q1 Operating Expenses | $140.86 mln |
*Applies to a deviation of less than 1%; not applicable for per-share numbers.
Analyst Coverage
The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the business support supplies peer group is "buy."
Wall Street's median 12-month price target for Brady Corp is $95.00, about 21.2% above its November 14 closing price of $74.88
The stock recently traded at 15 times the next 12-month earnings vs. a P/E of 15 three months ago
Press Release: ID:nGNX4qnY9G
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)