Brady (US:BRC) Globenewswire·2026-02-19 12:00Core Viewpoint - Brady Corporation reported a strong financial performance for the second quarter of fiscal 2026, with significant increases in sales, income, and earnings per share, driven by organic growth, acquisitions, and favorable foreign currency translation effects [2][4][8]. Financial Results for the Quarter Ended January 31, 2026 - Sales increased by 7.7% to $384.1 million compared to $356.7 million in the same quarter last year, with organic sales growth of 1.6%, acquisition growth of 2.3%, and a 3.8% increase from foreign currency translation [2][8]. - Income before income taxes rose by 19.1% to $62.0 million, up from $52.0 million in the same quarter last year. Adjusted income before income taxes increased by 7.7% to $67.2 million [3][8]. - Net income for the quarter was $48.1 million, compared to $40.3 million in the same quarter last year. Adjusted net income was $52.0 million, up from $48.1 million [4][8]. - Earnings per diluted Class A Nonvoting Common Share increased by 21.7% to $1.01, while adjusted diluted EPS rose by 9.0% to $1.09 [4][8]. Financial Results for the Six-Month Period Ended January 31, 2026 - Sales for the six-month period increased by 7.6% to $789.4 million from $733.7 million in the same period last year, with organic sales growth of 2.2%, acquisition growth of 2.8%, and a 2.6% increase from foreign currency translation [5][8]. - Income before income taxes increased by 17.7% to $130.5 million, compared to $110.8 million in the same period last year. Adjusted income before income taxes rose by 7.7% to $141.0 million [6][8]. - Net income for the six-month period was $102.0 million, compared to $87.1 million in the same period last year. Adjusted net income was $110.0 million, up from $102.3 million [7][8]. - Earnings per diluted Class A Nonvoting Common Share was $2.14, compared to $1.81 in the same period last year, with adjusted diluted EPS at $2.30, up from $2.12 [7][8]. Cash Flow and Guidance - Net cash provided by operating activities increased to $53.3 million in the second quarter, compared to $39.6 million in the same quarter last year, reflecting a nearly 38% increase in cash flow from operating activities for the first half of the fiscal year [8][9]. - The company raised its full-year guidance for adjusted diluted EPS from a range of $4.90 to $5.15 per share to $4.95 to $5.15 per share, and for GAAP earnings per diluted Class A Nonvoting Common Share from $4.57 to $4.82 per share to $4.62 to $4.82 per share [10][8]. Commentary and Strategic Focus - The company has achieved 20 consecutive quarters of organic sales growth and is focused on increasing investment in research and development for innovative products, including the recent launch of the i4311 industrial label printer [9][8]. - The strong balance sheet, with a net cash position of $97.8 million, provides opportunities for continued investment in organic growth and strategic acquisitions [9][8].