| Over a week ago | ||||
Brady announced the… Brady announced the appointment of Olivier Bojarski to the position of President - Identification Solutions, effective August 25, 2022. Bojarski will report to Brady's President and Chief Executive Officer Russell Shaller. Bojarski joins Brady from Belden Incorporated, where he served as Executive Vice President of the Broadband and 5G business. | ||||
| Over a month ago | ||||
Virtual Meeting to be… Virtual Meeting to be held on July 12 hosted by Oppenheimer. | ||||
Virtual Meeting to be… Virtual Meeting to be held on July 12 hosted by Oppenheimer. | ||||
The Company's… The Company's earnings per diluted Class A Nonvoting Common Share on a GAAP basis was adjusted to a range of $2.83 to $2.92 per share, and earnings per diluted Class A Nonvoting Common Share, Excluding Certain Items guidance was increased to a range of $3.08 to $3.17 per share, for the year ending July 31, 2022. This implies that we expect Diluted EPS Excluding Certain Items* to improve by 12% to 15% for the full year ending July 31, 2022 when compared to the adjusted fiscal 2021 diluted earnings per share of $2.75. Also included in our full-year fiscal 2022 guidance are a full-year income tax rate of approximately 21 percent and depreciation and amortization expense ranging from $34 million to $36 million. Capital expenditures, excluding facility purchases are expected to range from $20 million to $25 million during the year ending July 31, 2022. The Company's fiscal 2022 guidance is based on foreign currency exchange rates as of April 30, 2022 and assumes continued economic growth. | ||||
Prior to May 24, 2022,… Prior to May 24, 2022, the Company completed its previously authorized share repurchase program. On May 24, 2022, Brady's Board of Directors authorized an additional $100 million of Class A Common Stock for repurchase under the Company's share buyback program. The share buyback plan may be implemented from time to time in the open market or in privately negotiated transactions and has no expiration date. | ||||
Reports Q1 revenue… Reports Q1 revenue $338.55M, consensus $333.03M. "We generated strong revenue growth of 14.6 percent and record non-GAAP EPS of $0.86 this quarter. Our strong sales growth was primarily driven by our Identification Solutions division which had total sales growth of 21.1 percent this quarter. We've been working to enhance our product offering and the three acquisitions we completed last year are contributing to this, while also helping shift Brady into faster-growing end markets," said Brady's President and Chief Executive Officer, Russell R. Shaller. "In our Workplace Safety division, we took actions to reposition our product offering, to deemphasize certain under-performing businesses, and to streamline our cost structure. These actions have been very positive resulting in the increase in Workplace Safety segment profit this quarter. As a result of our ongoing efficiency activities and pricing actions, we experienced a sequential improvement in our gross profit margin of 140 basis points from 47.0 percent for the quarter ended January 31, 2022, to 48.4 percent for the quarter ended April 30, 2022. Overall, Brady is performing at a high level with strong sales growth, record EPS and a strong foundation, which we believe sets the stage for positive future results." | ||||
| Over a quarter ago | ||||
Brady (BRC) announced… Brady (BRC) announced that it has entered into a multi-year agreement with Honeywell (HON) to license Honeywell patented technology related to the use of its global shutter technology in barcode scanning devices. Under terms of the license, Brady has agreed to pay an annual royalty to Honeywell to license Honeywell patents that cover global shutter technology in barcode scanners. | ||||
Brady announced the… Brady announced the retirement of Director, President and Chief Executive Officer Michael Nauman and the appointment of current Senior Vice President and President - Identification Solutions, Russell Shaller as President, Chief Executive Officer and Director, effective April 1, 2022. At the request of the Board of Directors, Nauman will remain with the Company in a consultative position until June 17, 2022, to ensure a smooth transition. Shaller will retain his responsibilities as Senior Vice President and President - Identification Solutions while conducting a search for his replacement. Shaller has served as Brady's Senior Vice President and President - Identification Solutions for nearly 7 years. | ||||
HSI and Brady announced a… HSI and Brady announced a collaboration to bring configurable safety management solutions, or SMS, and additional services to businesses of all sizes. This collaboration expands the reach and growth of HSI in the EHS and SMS space and provides a new level of technology for Brady Corporation to help organizations in safety, performance, and environmental sustainability. | ||||
Brady Corporation… Brady Corporation announced that Joanne Collins Smee and Vineet Nargolwala will join its Board of Directors, effective February 22, 2022. Ms. Collins Smee is Chief Commercial, Small and Medium Businesses & Channels Officer at Xerox Holdings Corporation. Mr. Vineet Nargolwala is Executive Vice President, Sensing Solutions for Sensata Technologies, a leading industrial technology company that develops sensors, sensor-based solutions, including controllers and software, and other mission-critical products to create valuable business insights for customers and end users. | ||||
