Brady Corp. (BRC) Tops Q1 EPS by 9c, Reaffirms FY Guidance, Increases Buyback

Brady Corp. (NYSE: BRC) reported Q1 EPS of $0.37, $0.09 better than the analyst estimate of $0.28. Revenue for the quarter came in at $283.1 million versus the consensus estimate of $286.27 million.

The Company’s earnings per diluted Class A Nonvoting Common Share guidance for the year ending July 31, 2016 remains unchanged at $1.10 to $1.30.

On November 18, 2015, Brady’s Board of Directors authorized an increase in the Company’s share buyback program, authorizing the repurchase of up to a total of two million shares of the Company’s Class A Common Stock, inclusive of the shares in the existing share buyback program. The share buyback plan may be implemented from time to time on the open market or in privately negotiated transactions.

For earnings history and earnings-related data on Brady Corp. (BRC) click here.

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