Brady Corp. (BRC) Reports In-Line Q3 EPS, Updates Guidance

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Go back to Brady Corp. (BRC) Reports In-Line Q3 EPS, Updates Guidance

Brady Corporation Reports Fiscal 2017 Third Quarter Results and Tightens its Fiscal 2017 EPS Guidance

May 25, 2017 7:00 AM EDT

Earnings per diluted Class A Nonvoting Common Share were $0.43 in the third quarter of fiscal 2017 compared to $0.42 in the same quarter of the prior year. Organic revenue declined 1.9 percent for the quarter ended April 30, 2017.Net debt was $8.9 million at April 30, 2017 compared to $100.9 million at April 30, 2016, providing flexibility for future investments.Earnings per diluted Class A Common Share guidance for the full year ending July 31, 2017 tightened from a range of $1.75 to $1.85 to a range of $1.80 to $1.85.

MILWAUKEE, May 25, 2017 (GLOBE NEWSWIRE) -- Brady Corporation (NYSE: BRC) (Brady or Company), a... More