By Dean Seal
Brady Corp. drove up revenue with strategic acquisitions during the fiscal third quarter, boosting its earnings.
The maker of workplace products, including safety signs and industrial printers, posted a profit of $52.3 million, or $1.09 a share, compared with $50.9 million, or $1.05 a share, in the same quarter a year earlier. Stripping out one-time items, adjusted earnings were $1.22 a share.
Sales rose 11.4% to $382.6 million. Most of that was driven by acquisitions, with organic revenue rising just 1.6% and foreign-currency translation representing a small headwind.
Organic growth was strongest in the Americas and Asia thanks to higher investments in research and development, as well as new product launches over the last several years, Chief Executive Russell Shaller said.
Brady also tightened its adjusted earnings outlook for the year to $4.48 and $4.63 a share, narrowed from a previous range of $4.45 to $4.70 a share.
Write to Dean Seal at dean.seal@wsj.com
(END) Dow Jones Newswires
May 16, 2025 07:32 ET (11:32 GMT)
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