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

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Brady Corporation Reports Fiscal 2016 First Quarter Results and Increases Share Buyback Program

November 19, 2015 7:00 AM EST

GAAP net earnings of $18.7 million in the first quarter of fiscal 2016 compared to GAAP and non-GAAP earnings from continuing operations* of $15.5 million and $18.4 million, respectively, in the same quarter of the prior year. First quarter organic revenue decline of 2.2 percent. Earnings per diluted Class A Nonvoting Common Share of $0.37 in the first quarter of fiscal 2016 compared to GAAP and non-GAAP earnings from continuing operations per diluted Class A Nonvoting Common Share* of $0.30 and $0.36, respectively, in the same quarter of the prior year. Returned $16.2 million to... More