IShowSpeed, who is known for his unparalleled athleticism, is surprised when his routine shopping trip to DICK'S Sporting Goods for a pair of sneakers turns into an all-out competition against a roster of legendary athletes. Brady, Durant, Lee and Hunter appear out of thin air to challenge the global phenom to a series of tests – from a 1-on-1 contest with Durant and backflip challenge with Suni to a face-off with The GOAT – all while he's trying to shop for some of the hottest footwear in the game, includi ...

"Tom Brady might be collecting jobs like he collected championship rings, but he's proving to be a genuine MVP in the used car game," said Jeff Adams, Executive Vice President of Hertz Car Sales. "He's showcasing our Hertz Car Sales vehicles with the same precision he showed on the field – and why premium vehicles like the Cadillac XT5 offer that perfect blend of luxury and reliability. When it comes to delivering value to customers, Brady's definitely a pro." Hertz Car Sales has transformed the car-buying ...

MILWAUKEE, Feb. 28, 2025 (GLOBE NEWSWIRE) -- Brady Corporation (NYSE:BRC) ("Brady" or "Company") announced that Anne De Greef-Safft has joined its Board of Directors, effective February 25, 2025. From 2018 to 2024, Ms. De Greef-Safft provided strategic and operational consulting services to private equity firms, including Windjammer Capital, and their portfolio companies. She was Group President of the Food Service Equipment Group for Standex International from 2015 to 2017. Prior to Standex, she held four ...

Brady Corporation (NYSE:BRC) Q2 2025 Earnings Conference Call February 21, 2025 10:30 AM ET Company Participants Ann Thornton – Chief Financial Officer Russell Shaller – President and Chief Executive Officer Conference Call Participants Keith Housum – Northcoast Research Steve Ferazani – Sidoti Operator Good day, and thank you for standing by. Welcome to the Q2 2025 Brady Corporation earnings conference call. At this time, all participants are in a listen-only mode. After the speaker's presentation, there w ...

Financial Performance - Net sales for the three months ended January 31, 2025 increased 10.6% to $356.7 million compared to $322.6 million in the same period in the prior year, driven by organic sales growth of 2.6% and acquisition-related growth of 10.2%[66] - Gross margin for the three months ended January 31, 2025 was $175.8 million, representing 49.3% of net sales, a decrease from 50.2% in the prior year, primarily due to facility closure costs[68] - Operating income decreased 5.0% to $51.2 million for the three months ended January 31, 2025, compared to $53.9 million in the same period in the prior year, impacted by acquisition-related costs and reorganization expenses[71] - Net income for the three months ended January 31, 2025 was $40.3 million, down from $43.6 million in the same period in the prior year, reflecting a decrease in net income margin from 13.5% to 11.3%[72] - Organic sales growth for the six months ended January 31, 2025 was 3.1%, with total net sales increasing 12.1% to $733.7 million compared to $654.6 million in the prior year[67] Expenses - Research and development (R&D) expenses increased 11.2% to $18.7 million for the three months ended January 31, 2025, remaining at 5.2% of net sales[69] - Selling, general and administrative (SG&A) expenses rose 15.9% to $105.9 million for the three months ended January 31, 2025, increasing as a percentage of sales from 28.3% to 29.7%[70] Cash and Liquidity - The company had cash of $138.5 million and total available liquidity of $1,233.6 million as of January 31, 2025, supporting its growth strategy and acquisitions[62] - Cash and cash equivalents were $138.5 million as of January 31, 2025, an increase of $111.7 million from July 31, 2024[87] - Net cash provided by operating activities was $63.0 million for the six months ended January 31, 2025, down from $98.4 million in the prior year[87] - The Company used $151.7 million in investing activities during the six months ended January 31, 2025, primarily for business acquisitions[88] - As of January 31, 2025, the Company maintained a debt to EBITDA ratio of 0.3 to 1.0, well below the covenant limit of 3.5 to 1.0[95] Sales by Region - Americas & Asia net sales increased by 10.5% to $233.8 million for the three months ended January 31, 2025, driven by organic sales growth of 4.3% and acquisitions contributing 7.6%[78] - Europe & Australia net sales increased by 10.7% to $122.8 million for the three months ended January 31, 2025, with acquisitions contributing 15.1% despite a 0.8% organic sales decline[82] Segment Performance - Segment profit for Americas & Asia increased by 4.8% to $46.0 million for the three months ended January 31, 2025, but as a percentage of net sales decreased to 19.7% from 20.7%[81] - Segment profit for Europe & Australia decreased by 24.4% to $11.4 million for the three months ended January 31, 2025, with the profit margin dropping to 9.3% from 13.6%[85] Strategic Focus - The company plans to enhance its digital capabilities and customer service through improved sales channels and data-driven marketing automation tools[61] - The company is focused on integrating recent acquisitions to enhance its strategic position and drive long-term sales growth[61] - The company is focused on identifying, integrating, and growing acquired companies while managing contingent liabilities from divested businesses[99] Risks and Challenges - The company faces increased costs of raw materials and labor, along with material shortages and supply chain disruptions[99] - There has been a decrease in demand for the company's products, impacting overall performance[99] - Risks include the loss of key employees and challenges in protecting against security breaches and phishing attacks[99] - The company is subject to various risks including foreign currency fluctuations and changes in tax legislation[99] - The company acknowledges uncertainties that may cause actual future results to differ materially from its forward-looking statements[98] Compliance and Controls - The Company's income tax rate was 22.5% for the three months ended January 31, 2025, compared to 21.8% for the same period in 2024, and is expected to be approximately 21% going forward[76] - The company has maintained effective disclosure controls and procedures as of the end of the reporting period[100] - There were no changes in the company's internal control over financial reporting that materially affected its operations during the last fiscal quarter[101] - The company does not undertake to update its forward-looking statements except as required by law, indicating a cautious approach to future projections[98]

Sales Performance - Sales for the quarter ended January 31, 2025, increased by 10.6% to $356.7 million compared to $322.6 million in the same quarter last year, with organic sales growth of 2.6% and a 10.2% increase from acquisitions[3]. - For the six-month period ended January 31, 2025, sales increased by 12.1% to $733.7 million, with organic sales growth of 3.1% and a 10.0% increase from acquisitions[7]. - The Americas & Asia region saw a 10.6% increase in sales, while Europe & Australia experienced a 15.0% increase, with organic growth of 4.7% in the Americas & Asia[7]. - Total net sales increased by 10.5% in the Americas & Asia segment for the three months ended January 31, 2025, reaching $233,846 thousand, compared to $211,643 thousand in the same period of 2024[24]. Income and Earnings - Adjusted Net Income for the quarter was $48.1 million, up from $45.4 million in the same quarter last year, while Net Income decreased to $40.3 million from $43.6 million[5]. - Adjusted Diluted EPS increased by 7.5% to $1.00 compared to $0.93 in the same quarter of the prior year, while Diluted EPS decreased by 7.8% to $0.83[5]. - Net income for the six months ended January 31, 2025, was $87,117 thousand, compared to $90,869 thousand for the same period in 2024, representing a decrease of 3.1%[23]. - Adjusted Net Income for Q2 2025 was $48,121,000, compared to $45,444,000 in Q2 2024, reflecting a year-over-year increase of 3.7%[28]. - For the first half of fiscal 2025, Adjusted Net Income reached $102,278,000, compared to $94,494,000 in the same period of fiscal 2024, marking an increase of 8.5%[28]. Guidance and Projections - The low end of Adjusted Diluted EPS guidance for the full year ending July 31, 2025, was raised from $4.40 to $4.45 per share[11]. - The guidance for Adjusted Diluted EPS for fiscal 2025 is projected between $4.45 and $4.70, indicating a potential increase from the previous fiscal year[30]. Cash and Assets - The company's net cash position increased to $50.8 million, providing flexibility for funding organic and inorganic opportunities[10]. - Cash and cash equivalents decreased from $250,118 thousand at the beginning of the period to $138,452 thousand at the end of the period, a decline of 44.6%[23]. - Total current assets decreased from $599,715 thousand as of July 31, 2024, to $536,315 thousand as of January 31, 2025, a decline of approximately 10.6%[22]. Expenses and Costs - Income before income taxes for the quarter decreased by 6.8% to $52.0 million compared to $55.8 million in the same quarter last year[4]. - Adjusted Income Before Income Taxes for the quarter was $62.4 million, an increase of 7.2% compared to the second quarter of last year[4]. - Amortization expense for Q2 2025 was $3,546,000, compared to $1,816,000 in Q2 2024, reflecting a significant increase of 95.1%[28]. - Facility closure and other reorganization costs amounted to $4,241,000 in Q2 2025, with no such costs reported in Q2 2024[28]. - Non-recurring acquisition-related costs for the first half of fiscal 2025 were $3,794,000, with no such costs in the same period of fiscal 2024[28]. Debt and Liabilities - The company’s long-term debt decreased slightly from $90,935 thousand as of July 31, 2024, to $87,687 thousand as of January 31, 2025, a reduction of 2.5%[22]. - The total liabilities increased from $448,911 thousand as of July 31, 2024, to $468,232 thousand as of January 31, 2025, an increase of 4.3%[22]. - The company’s retained earnings increased from $1,174,025 thousand as of July 31, 2024, to $1,238,275 thousand as of January 31, 2025, an increase of 5.5%[22]. Product Innovation - The introduction of the i7500 high-speed printer utilizing LabelSense technology was highlighted as a key product innovation this quarter[10].

Core Viewpoint - Brady Corporation reported a 10.6% increase in sales for the second quarter of fiscal 2025, driven by organic growth and acquisitions, despite a decline from foreign currency translation [2][8]. Financial Results - Sales for the quarter ended January 31, 2025, were $356.7 million, up from $322.6 million in the same quarter last year [2][4]. - Organic sales growth was 2.6%, with acquisitions contributing 10.2% and foreign currency translation resulting in a 2.2% decline [2][8]. - By region, sales increased by 10.5% in the Americas & Asia and 10.7% in Europe & Australia [2][5]. Income Metrics - Income before income taxes decreased by 6.8% to $52.0 million compared to $55.8 million in the same quarter last year [3][4]. - Adjusted Income Before Income Taxes for the quarter was $62.4 million, reflecting a 7.2% increase from the previous year [3][6]. - Net income for the quarter was $40.3 million, down from $43.6 million in the same quarter last year [4][7]. Earnings Per Share - Earnings per diluted Class A Nonvoting Common Share decreased to $0.83 from $0.90 in the same quarter last year [4][8]. - Adjusted Diluted EPS increased to $1.00 from $0.93 in the same quarter last year, representing a 7.5% growth [4][8]. Six-Month Performance - For the six-month period ended January 31, 2025, sales increased by 12.1% to $733.7 million compared to $654.6 million in the same period last year [5][7]. - Adjusted Net Income for the six-month period was $102.3 million, up from $94.5 million in the same period last year [7][8]. Cash Flow and Guidance - Net cash provided by operating activities increased to $39.6 million in the second quarter of fiscal 2025 from $36.1 million in the same quarter last year [8]. - The company raised the low end of its Adjusted Diluted EPS guidance for the fiscal year ending July 31, 2025, from $4.40 to $4.45 per share [10][11]. Strategic Commentary - The company emphasized its focus on research and development, highlighting the launch of the i7500 high-speed printer as a key innovation [9]. - The Americas and Asia region showed strong organic sales growth and improved segment profit, indicating effective operational strategies [9].

Core Viewpoint - Blackrock Silver Corp. has announced an upsized "bought deal" financing due to strong investor demand, increasing gross proceeds from $10,008,000 to $12,000,240 by selling 33,334,000 units at a price of $0.36 per unit [1][4] Financing Details - Each unit consists of one common share and one-half of a common share purchase warrant, with each whole warrant allowing the purchase of one common share at $0.50 for 24 months [2] - The underwriters have an over-allotment option to purchase additional units equal to 15% of the number sold, exercisable within 30 days following the closing date [3] Use of Proceeds - The net proceeds from the offering are intended for advancing exploration and development at the Tonopah West mineral project, working capital, and general corporate purposes [4] Regulatory Compliance - The offering will be completed under a prospectus supplement to the base shelf prospectus filed with Canadian securities regulatory authorities and will not be registered under U.S. Securities Act [5][8] Closing Timeline - The offering is expected to close on or about January 30, 2025, subject to market conditions and regulatory approvals [7] Company Overview - Blackrock Silver Corp. is focused on precious metal exploration and development, with a portfolio of properties in Nevada featuring low-sulphidation, epithermal gold and silver mineralization [10]

Core Viewpoint - Blackrock Silver Corp. has announced a bought deal offering of 27,800,000 units at a price of $0.36 per unit, aiming to raise gross proceeds of $10,008,000 to fund exploration and development activities [1][4]. Group 1: Offering Details - The offering consists of units, each comprising one common share and one-half of a common share purchase warrant, with each full warrant allowing the purchase of one common share at $0.50 for 24 months [2]. - An over-allotment option has been granted to underwriters, allowing them to purchase up to an additional 15% of the units sold at the issue price within 30 days following the closing date [3]. - The offering is expected to close on or about January 30, 2025, subject to market conditions and regulatory approvals [8]. Group 2: Use of Proceeds - The net proceeds from the offering are intended for advancing exploration and development at the Tonopah West mineral project, as well as for working capital and general corporate purposes [4]. Group 3: Company Background - Blackrock Silver Corp. is a junior precious metal exploration and development company focused on its Nevada portfolio, which includes properties with low-sulphidation, epithermal gold and silver mineralization [11].

Core Points - Blackrock Silver Corp. has granted a total of 640,286 performance share units (PSUs), 89,286 deferred share units (DSUs), and 1,320,307 stock options to directors, management, and consultants as part of its Omnibus Equity Incentive Compensation Plan [1] - Each stock option allows the purchase of one common share at an exercise price of $0.43, vesting one-third on each of the first three anniversaries of the grant date, expiring on January 17, 2030 [2] - PSUs will vest one-third on each of the first three anniversaries of the grant date, contingent on achieving specific corporate and individual performance criteria [3] - DSUs will fully vest on the first anniversary of the grant date, settling upon the termination of service with the company [4] Company Overview - Blackrock Silver Corp. is a junior precious metal exploration and development company focused on adding shareholder value, backed by gold and silver resources [6] - The company has a 100% controlled portfolio of properties in Nevada, featuring low-sulphidation, epithermal gold and silver mineralization along the Northern Nevada Rift and the Walker Lane trend [6]