Brady Corp. (BRC) Misses Q2 EPS by 2c

Brady Corp. (NYSE: BRC) reported Q2 EPS of $0.59, $0.02 worse than the analyst estimate of $0.61. Revenue for the quarter came in at $265.84 versus the consensus estimate of $270.07 million.

GUIDANCE:

Brady Corp. sees FY2021 EPS of $2.48-$2.58, versus the consensus of $2.54.

• The Company expects earnings per diluted Class A Nonvoting Common Share to range from $2.48 to $2.58 for the full fiscal year ending July 31, 2021. This equates to diluted earnings per share in the range of $1.25 to $1.35 in the second half of the fiscal year ending July 31, 2021. The Company also expects organic sales growth to be in the mid-single digits in the second half of fiscal 2021. This guidance is based on foreign currency exchange rates as of January 31, 2021 and assumes a continued economic recovery.

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

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