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 ...

Knoxville, Tennessee, Oct. 04, 2024 (GLOBE NEWSWIRE) -- Healthcare Integrated Technologies, Inc. ("HiTC"), a leading innovator in healthcare solutions, is proud to announce the October 1, 2024 appointment of Timothy Brady as its Fractional CFO. Mr. Brady is currently a fractional CFO, focusing on several industries, including; oil and gas, financial services, hospitality, retail and manufacturing. Mr. Brady previously served as Chief Financial Officer and Treasurer of Northern Industrial Sands, LLC, a priva ...

Here are three stocks with buy rank and strong momentum characteristics for investors to consider today, September 16th: Canon (CAJPY) : This company which is an industry leader in professional and consumer imaging equipment and information systems, has a Zacks Rank #1(Strong Buy), and witnessed the Zacks Consensus Estimate for its current year earnings increasing 10.6% over the last 60 days. Canon's shares gained 20.6% over the last three month compared with the S&P 500's gain of 3.1%. The company possesse ...

MILWAUKEE, Sept. 10, 2024 (GLOBE NEWSWIRE) -- Brady Corporation (NYSE:BRC) ("Brady" or "Company") announced that Deidre (Dee) Cusack has joined its Board of Directors, effective September 4, 2024. Ms. Cusack was Executive Vice President of Global Products & Solutions for Dematic, a manufacturer of intelligent automated solutions for manufacturing, warehouse, and distribution environments from 2020 until her retirement in 2024. Prior to Dematic, she spent 10 years at ABB in several business unit leadership r ...

metamorworks Thesis Brady Corporation (NYSE:BRC), a leader in identification solutions and workplace safety, continues its steady growth trajectory despite mixed Q4 2024 financial results. On Type: | Non-GAAP ● EPS Estimate ● EPS Actual Period: | Quarterly T y 1.25 FQ4 2024 EPS Estimate: 1.11 EPS Actual: 1.19 1.00 0.75 0.50 0.25 0.00 FQ4 2023 FQ1 2024 FQ2 2024 FQ3 2024 FQ4 2024 FQ1 2025 (E) FQ2 2026 (E) Seeking Alpha But revenue came in short at $343.4 million, missing by $8.34 million. Seeking Alpha The fo ...

Financial Data and Key Metrics Changes - The company achieved a record high non-GAAP EPS of $4.22 and a GAAP EPS of $4.07 for fiscal 2024, marking three consecutive years of record highs [4][14] - Organic sales growth for the year was 2.6%, with a gross profit margin improvement to 51.3% from 49.4% last year [4][14] - Operating cash flow increased from $79.3 million in Q4 of last year to $84 million this quarter, with free cash flow at $73.2 million [10][12] Business Line Data and Key Metrics Changes - The Americas and Asia region saw organic sales growth of 3.4% and increased segment profit by 6.7% [7][16] - The Europe and Australia region experienced a decline in organic sales of 1.8%, marking the first decline in 13 quarters, but still managed to grow segment profit by 4.6% [7][17] Market Data and Key Metrics Changes - The strengthening of the U.S. dollar negatively impacted sales by 0.8%, while divestitures decreased sales by 1.5%, resulting in a total sales decline of 0.7% for the quarter [8] - The macroeconomic environment in Europe has become more challenging, affecting organic sales growth [7][17] Company Strategy and Development Direction - The company aims to generate top-line growth exceeding GDP and target niche opportunities, particularly in workplace automation [5] - Investments in R&D have increased, with a focus on expanding the portfolio of engineered products and enhancing digital capabilities [4][10] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about future growth despite a slow GDP growth outlook, citing strong product launches and customer engagement [21][24] - The company anticipates organic sales growth in the low-single-digit percentages for the year ending July 31, 2025 [14] Other Important Information - The company returned $117 million to shareholders through dividends and share buybacks, marking the 39th consecutive year of annual dividend increases [4][6] - The acquisition of Gravotech is expected to enhance the company's capabilities in part marking and identification, with projected sales of approximately $125 million in fiscal 2025 [19][20] Q&A Session Summary Question: Can you help us with the cadence of earnings throughout the year? - Management indicated that earnings may vary between the first and second halves, with a cautious outlook on organic growth due to economic conditions [21][22] Question: What needs to be done to integrate Gravotech? - Integration is expected to be minor, focusing on back-office operations and leveraging R&D capabilities [26][27] Question: Is there a specific number for stock buybacks next year? - The company has authorized $100 million for share buybacks but will be disciplined in execution based on market conditions [28][29] Question: Can you discuss the Track & Trace initiatives? - Management reported positive adoption of the V4500 data scanner and emphasized the importance of a complete portfolio for manufacturing needs [30][31] Question: How is the performance in Southeast Asia and India? - The company has seen significant growth in India, with plans for further investment and expansion in the region [40][41] Question: What are the differences in performance between Q3 and Q4 in Europe? - Management noted that Q3 was unexpectedly strong, while Q4 reflected the overall economic challenges in Europe [45][46]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended July 31, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 1-14959 BRADY CORPORATION (Exact name of registrant as specified in charter) Wisconsin 39-0178960 (State or other jurisdiction of inco ...