Brady Corporation Reports its Fiscal 2018 Fourth Quarter Results and Announces its Fiscal 2019 EPS Guidance
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Brady Corp. (BRC) Tops Q4 EPS by 14c, Slight Beat on Revenues; Offers FY19 EPS Mid-Point Outlook Above Consensus
September 13, 2018 7:04 AM EDTBrady Corp. (NYSE: BRC) reported Q4 EPS of $0.66, $0.14 better than the analyst estimate of $0.52. Revenue for the quarter came in at $297.5 million versus the consensus estimate of $297.04 million.
Earnings before income taxes increased 26.0 percent, finishing at $45.2 million in the fourth quarter of fiscal 2018 compared to $35.9 million in the fourth quarter of fiscal 2017. Earnings before income taxes includes a gain on the sale of the Runelandhs business of $4.7 million in the fourth quarter of fiscal 2018. The gain on the sale represents approximately half of the increase in earnings before income taxes. This marks the... More