Brady Corp. (BRC) Misses Q3 EPS by 7c

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Brady Corporation Reports Record EPS in its Fiscal 2022 Third Quarter, Raises its non-GAAP EPS Guidance and Expands its Share Buyback Program

May 26, 2022 7:00 AM EDT

Sales for the quarter increased 14.6 percent. Organic sales increased 9.0 percent.Gross profit margin improved from 47.0 percent in the second quarter of F22 to 48.4 percent in the third quarter of F22.Diluted EPS increased 9.9 percent to an all-time record high of $0.78 in the third quarter of fiscal 2022 compared to $0.71 in the same quarter of the prior year. Diluted EPS Excluding Certain Items* increased 17.8 percent to an all-time record high of $0.86 in the third quarter of fiscal 2022 compared to $0.73 in the same quarter of the prior year.During the third quarter of fiscal 2022, we returned... More