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published in Blogs
Sep 02, 2022
Brady (BRC, $46.30) posts record high EPS of $0.82 in fiscal Q4

Brady (BRC, $46.30) posts record high EPS of $0.82 in fiscal Q4

Brady Corp.’s diluted earnings per share rose +52.8% from the year-ago quarter to a record high of $0.81 in the fourth quarter of fiscal 2022. Diluted EPS Excluding Certain Items climbed +16% year-over-year to an all-time record high of $0.87 in  the quarter ended July 31.

Diluted EPS guidance for the year ending July 31, 2023 was announced at a range of $3.13 to $3.43 on a GAAP basis, and a range of $3.30 to $3.60 on a non-GAAP basis. This GAAP EPS guidance range is an increase of 7.9 percent to 18.3 percent compared to GAAP EPS of $2.90 for the year ended July 31, 2022.

Revenue increased  +5.8 percent to $324.0 million, with organic sales rising +9%.

For the year ended July 31, 2023, Brady projects diluted earnings per share excluding certain Items in the range of $3.30 to $3.60 for the year ending July 31, 2023 (implying an increase of +4.8% to 14.3% year-over-year).

Related Tickers: BRC