Brady (US:BRC)2025-11-17 12:15Financial Performance - Sales for the first quarter of fiscal 2026 increased by 7.5% to $405.3 million, compared to $377.1 million in the same quarter last year[4]. - Net income rose to $53.9 million, up from $46.8 million in the same quarter last year, representing a 15.0% increase[6]. - Total net sales for the company reached $405,287,000, reflecting a growth of 7.5% from $377,065,000 in the same period last year[20]. - Adjusted net income for the three months ended October 31, 2025, was $57,988,000, compared to $54,157,000 in 2024, indicating a year-over-year increase of 5.3%[24]. - The company reported a total segment profit of $78,595,000 for the three months ended October 31, 2025, compared to $68,014,000 in 2024, marking a 15.5% increase[20]. Earnings Per Share - Diluted EPS increased by 16.5% to $1.13, while adjusted diluted EPS grew by 8.0% to $1.21 compared to the same quarter last year[7]. - Adjusted diluted EPS for the three months ended October 31, 2025, was $1.21, up from $1.12 in the previous year, representing an increase of 8.0%[25]. - The low end of the Adjusted Diluted EPS guidance for the full year was raised from $4.85 to $4.90 per share[9]. - The company provided fiscal 2026 guidance for adjusted diluted EPS in the range of $4.90 to $5.15, indicating expected growth from the previous fiscal year[26]. Cash Flow and Assets - Cash flow from operating activities surged by 42.5% to $33.4 million, compared to $23.4 million in the same quarter last year[7]. - Cash and cash equivalents at the end of the period were $182,684,000, an increase from $145,661,000 at the end of the same period last year[19]. - Net cash provided by operating activities was $33,356,000, compared to $23,406,000 in the prior year, showing a significant increase of 42.5%[19]. - The company reported a net cash position of $66.8 million as of October 31, 2025, allowing for strategic investments[8]. - Total current assets as of October 31, 2025, were $662.4 million, compared to $621.8 million as of July 31, 2025[18]. - The company experienced a decrease in accounts receivable by $12,875,000, indicating improved cash flow management compared to the previous year[19]. Acquisitions and Investments - The company closed the acquisition of Mecco, enhancing its laser marking system product line[8]. - Research and development expenses increased to $23.3 million, up from $18.9 million in the same quarter last year[17]. Segment Performance - Segment profit for the Americas & Asia was $59,863,000, with a profit margin of 22.3%, while Europe & Australia reported a segment profit of $18,732,000, with a profit margin of 13.7%[20].