Corporate Governance - Brady Corporation's Class B Common Voting Stock shareholders unanimously elected director nominees for a one-year term during the annual meeting held in Milwaukee [1] - The newly elected Board of Directors includes experienced professionals from various industries, such as Patrick W. Allender (Retired CFO, Danaher Corporation) and Dr. David S. Bem (CTO, PPG Industries) [2] Financial Performance - The Board declared a dividend of $0.24 per share for Class A Common Stock, payable on January 31, 2025, to shareholders of record by January 10, 2025 [3] - Brady Corporation reported fiscal 2024 sales of approximately $1.34 billion [4] Company Overview - Brady Corporation is an international manufacturer and marketer of solutions that enhance safety, security, productivity, and performance across various industries [4] - The company, founded in 1914, has a diverse customer base and employs approximately 5,700 people globally [4]

Group 1 - The company, Brady Corporation (NYSE: BRC), aims to drive growth through sales expansion [1] - The analyst has over 14 years of experience in stock analysis, focusing on both long and short positions [1] - The analyst has been covering the energy sector for 7 years, with a primary focus on oilfield equipment services and industrial supply [1]

Financial Data and Key Metrics Changes - Organic sales grew by 3.6% in Q1 2025, with adjusted pre-tax earnings increasing by 11% and adjusted earnings per share rising by 12% [7][14] - Total sales growth reached 13.6%, driven by acquisitions (8.8%) and foreign currency translation (1.2%) [15] - Gross profit margin was 50.3%, down from 51.7% year-over-year, primarily due to purchase accounting adjustments from the Gravotech acquisition [16][19] Business Line Data and Key Metrics Changes - The Americas & Asia region achieved organic sales growth of 5.1%, while Europe & Australia returned to growth at 0.7% [14][26] - Segment profit in the Americas & Asia increased by 10% to $54.9 million, with a segment profit margin of 22.4% [28] - In Europe & Australia, total sales were $131.6 million, with a segment profit decline of 21.7% to $13.1 million [29][30] Market Data and Key Metrics Changes - The Asia business saw organic sales growth of 6.3%, with significant growth in India, while China experienced a decline of over 6% [27] - The European market returned to organic growth after a brief decline, with notable performance in France [31] Company Strategy and Development Direction - The company aims to create an ecosystem of interoperable part marking and reading solutions, leveraging recent acquisitions [11] - Continued investment in R&D and expansion of the sales force are priorities, alongside maintaining a strong balance sheet for future growth [23][56] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about increased industrial capital investment following the resolution of election uncertainties in the US [48][56] - The macroeconomic environment is dynamic, with a focus on controlling internal factors to drive growth and profitability [56][57] Other Important Information - The company maintains its full-year adjusted diluted EPS guidance range of $4.40 to $4.70 per share, anticipating low-single-digit organic sales growth for the year [24] Q&A Session Summary Question: Strength in organic growth in the Americas & Asia - Management highlighted the ability to target niche markets within the industrial sector, contributing to the 5% growth despite overall sluggishness [34][36] Question: Integration with Gravotech and AB&R acquisition - The integration of Gravotech is progressing well, enhancing the company's direct part marking capabilities, while the AB&R acquisition expands the sales force and offers customized solutions [39][41] Question: Customer base for the i5300 product - The i5300 targets mid-size manufacturers, providing integrated solutions for direct marking and scanning [42] Question: Seasonality impact of Gravotech - Gravotech's seasonality aligns with Brady's, with August typically being a weaker month due to vacations [46] Question: Sales cadence in the quarter - October was noted as the strongest month, with expectations for continued momentum [47] Question: Gross profitability and future targets - Management indicated that while Gravotech may initially have lower margins, the goal remains to achieve around 50% gross margins across the company [49][50] Question: Volume versus price as growth drivers - Growth was driven entirely by volume, with no price increases contributing to the growth [51]

Financial Performance - Net sales for the three months ended October 31, 2024, increased 13.6% to $377.1 million compared to $332.0 million in the same period in the prior year[96]. - Gross margin increased 10.5% to $189.7 million, but as a percentage of net sales, it decreased to 50.3% from 51.7% due to increased costs related to acquisitions[97]. - R&D expenses rose 20.5% to $18.9 million, representing 5.0% of net sales, driven by the acquisition of Gravotech and increased headcount[98]. - SG&A expenses increased 16.2% to $111.8 million, accounting for 29.7% of net sales, primarily due to amortization expenses from acquisitions[101]. - Operating income decreased 1.4% to $58.9 million, with a margin of 15.6%, impacted by acquisition-related costs[102]. - Net income for the three months ended October 31, 2024, was $46.8 million, a decrease from $47.2 million in the same period in the prior year[103]. Cash Flow and Liquidity - The company had cash of $145.7 million and total available liquidity of $1,182.2 million as of October 31, 2024, supporting growth strategies[91]. - Cash and cash equivalents decreased by $104.5 million to $145.7 million as of October 31, 2024, with net cash provided by operating activities at $23.4 million, down from $62.3 million in the prior year[119]. - Net cash used in investing activities was $147.9 million, mainly for business acquisitions totaling $140.6 million and capital expenditures of $7.3 million[120]. - The outstanding balance on the Company's credit agreement was $116.6 million as of October 31, 2024, with a maximum outstanding amount of $144.8 million during the quarter[127]. - The Company maintained a debt to EBITDA ratio of 0.4 to 1.0 and an interest expense coverage ratio of 83.8 to 1.0, in compliance with financial covenants[128]. - The Company anticipates that cash flow from operating activities and borrowing capacity will be sufficient to meet its liquidity and capital needs for the next 12 months[118]. Sales Growth - Organic sales grew 3.6%, with a 5.1% increase in the Americas & Asia segment and 0.7% in Europe & Australia[96]. - Americas & Asia net sales increased by 10.7% to $245.4 million for the three months ended October 31, 2024, compared to $221.6 million in the same period in 2023, driven by organic sales growth of 5.1% and acquisition growth of 7.4%[109]. - Segment profit for Americas & Asia rose by 10.0% to $54.9 million, with a segment profit margin of 22.4%, essentially flat compared to 22.5% in the prior year[112]. - Europe & Australia net sales increased by 19.3% to $131.6 million, with acquisition growth contributing 15.0% and organic sales growth of 0.7%[113]. - Segment profit for Europe & Australia decreased to $13.1 million, with a profit margin dropping to 10.0% from 15.2% in the prior year, primarily due to acquisition-related costs[117]. - Organic sales in the Americas and Asia increased in the mid-single digits, with strong growth in product identification and safety product lines[110][111]. Future Outlook - The company anticipates continued easing of inflationary pressures and improved supply chain stability into fiscal 2025[89]. - Key initiatives for fiscal 2025 include enhancing R&D processes and expanding sales capabilities through improved digital presence[88].

EXHIBIT 99.1 For More Information: Investor contact: Ann Thornton 414-438-6887 Media contact: Kate Venne 414-358-5176 Brady Corporation Reports Fiscal 2025 First Quarter Results • Sales for the quarter increased 13.6 percent. Organic sales increased 3.6 percent, acquisitions net of divestitures increased sales 8.8 percent, and foreign currency increased sales 1.2 percent. • Income before income taxes was $58.8 million in the first quarter of fiscal 2025 compared to $59.4 million in the first quarter of fisc ...

Sales for the quarter increased 13.6 percent. Organic sales increased 3.6 percent, acquisitions net of divestitures increased sales 8.8 percent, and foreign currency increased sales 1.2 percent.Income before income taxes was $58.8 million in the first quarter of fiscal 2025 compared to $59.4 million in the first quarter of fiscal 2024. Adjusted Income Before Income Taxes* in the first quarter of fiscal 2025 was $68.6 million compared to $61.8 million in the first quarter of fiscal 2024.Diluted EPS was $0.97 ...

The Industrial Products group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Is Brady (BRC) one of those stocks right now? By taking a look at the stock's year-to-date performance in comparison to its Industrial Products peers, we might be able to answer that question.Brady is a member of our Industrial Products group, which includes 212 different companies and currently sits at #14 in the Zacks Sector Rank. The Zacks Sector Rank consider ...

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