FX.co ★ Brady Corporation Q1 Profit Beats Estimates

Brady Corporation (BRC) has announced its first-quarter earnings, surpassing analysts' expectations. The company reported a net income of $46.783 million, or $0.97 per share, closely mirroring the $47.241 million, or $0.97 per share, recorded in the same quarter of the previous year.

On an adjusted basis, Brady Corporation's earnings were $54.157 million, equating to $1.12 per share for the quarter. This performance exceeded the average analysts' prediction of $1.10 per share, based on data from Thomson Reuters. Typically, such forecasts exclude special items.

Revenue for the quarter experienced a significant boost, escalating by 13.6% to reach $377.065 million compared to $331.983 million in the prior year.

Here's a summary of Brady Corporation's earnings in accordance with GAAP for the first quarter:

- Earnings: $46.783 million, compared to $47.241 million year over year.

- Earnings per Share (EPS): $0.97, identical to last year.

- Revenue: $377.065 million, up from $331.983 million a year ago.

For the full fiscal year, Brady Corporation anticipates its EPS to range between $4.40 and $4.70.