Brady Corp. (BRC) Misses Q4 EPS by 8c, Guides FY15 EPS
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Brady Corp. (NYSE: BRC) reported Q4 EPS of $0.41, $0.08 worse than the analyst estimate of $0.49. Revenue for the quarter came in at $316.7 million versus the consensus estimate of $318.53 million.
Brady Corp. sees FY2015 EPS of $1.50-$1.70, may not compare to the consensus of $1.86.
"The Company anticipates low single-digit organic sales growth in fiscal 2015, with organic sales growth in both the Identification Solutions and Workplace Safety businesses. Brady also expects earnings from continuing operations per diluted Class A Nonvoting Common Share of between $1.50 and $1.70, exclusive of restructuring charges and other non-routine charges. This guidance is based on current exchange rates, a full-year income tax rate in the mid-to-upper 20 percent range. We also anticipate approximately $15 million of restructuring charges in fiscal 2015 and capital expenditures of approximately $30 million in fiscal 2015 before returning to a more normalized level in fiscal 2016."
For earnings history and earnings-related data on Brady Corp. (BRC) click here.
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