Brady Corporation reports record earnings per share in the fourth quarter of fiscal 2024, expands its share repurchase program and announces its earnings guidance for fiscal 2025

• Diluted earnings per share increased 15.0 percent to a record $1.15 in the fourth quarter of fiscal 2024 compared to $1.00 in the same quarter last year. Diluted earnings per share excluding certain items* increased 14.4 percent to a record $1.19 in the fourth quarter of fiscal 2024 compared to $1.04 in the same quarter last year.
• Gross profit margin increased to 51.6 percent in the fourth quarter of fiscal 2024 compared to 50.8 percent in the same quarter last year.
• Net cash flow from operating activities increased to a record $255.1 million in fiscal 2024 compared to $209.1 million in fiscal 2023.
• On September 4, 2024, Brady’s Board of Directors authorized the repurchase of an additional $100 million of its shares, representing approximately 1.5 million shares and approximately 3.0 percent of all outstanding shares based on the current share price.
• Diluted earnings per share guidance for the fiscal year ending July 31, 2025 was announced as a range of $4.15 to $4.45 on a GAAP basis and a range of $4.40 to $4.70 on a non-GAAP basis.

MILWAUKEE, Sept. 6, 2024 (GLOBE NEWSWIRE) — Brady Corporation (NYSE: BRC) (“Brady” or the “Company”), a global leader in identification solutions, today announced its financial results for the fourth quarter of fiscal 2024 ended July 31, 2024.

Financial results for the quarter ended July 31, 2024:
Revenue for the quarter ended July 31, 2024 decreased 0.7 percent, composed of 1.6 percent organic revenue growth, a 0.8 percent decrease from foreign currency translation and a 1.5 percent decrease from divestitures. Revenue for the quarter ended July 31, 2024 was $343.4 million, compared to $345.9 million for the same quarter last year. By region, revenue increased 0.4 percent in the Americas and Asia and decreased 3.0 percent in Europe and Australia, composed of 3.4 percent organic revenue growth in the Americas and Asia and 1.8 percent organic revenue decrease in Europe and Australia.