Brady Corp. (BRC) Tops Q1 EPS by 5c, Revenues Beat

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Go back to Brady Corp. (BRC) Tops Q1 EPS by 5c, Revenues Beat

Brady Corporation Reports Fiscal 2021 First Quarter Results

November 19, 2020 7:00 AM EST

Income before income taxes and losses of unconsolidated affiliate increased by 1.6 percent to $42.2 million in the first quarter of fiscal 2021 compared to $41.6 million in the same quarter of the prior year.  Diluted EPS was $0.64 in the first quarter of fiscal 2021 compared to $0.70 in the same quarter of the prior year. Diluted EPS in the first quarter of fiscal 2020 was positively impacted by a reduced income tax rate of 9.8 percent primarily due to a favorable tax audit settlement and tax benefits from equity-based compensation.Cash flow from operating activities was up 61.8 percent to $62.8 million in the first quarter... More