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Brady Corporation increases its dividend to shareholders for the 40th consecutive year
Globenewswire· 2025-09-03 22:00
Group 1 - Brady Corporation's Board of Directors approved an increase in the annual dividend from $0.96 to $0.98 per share, marking the 40th consecutive annual increase in dividends [1] - A quarterly dividend of $0.245 per share will be paid on October 31, 2025, to shareholders of record as of October 10, 2025 [1] Group 2 - Brady Corporation is an international manufacturer and marketer of solutions that enhance safety, security, productivity, and performance [2] - The company offers a range of products including high-performance labels, signs, safety devices, printing systems, and software [2] - Founded in 1914, Brady serves a diverse customer base across various industries such as electronics, telecommunications, manufacturing, and aerospace [2] - As of July 31, 2024, Brady employed approximately 5,700 people and reported fiscal 2024 sales of approximately $1.34 billion [2]
Brady Corporation Acquires Mecco
Globenewswire· 2025-08-04 11:00
Core Viewpoint - Brady Corporation has acquired Mecco Partners, LLC for approximately $20 million, expecting to generate similar revenue in the fiscal year ending July 31, 2026, funded by cash on hand [1][2]. Group 1: Acquisition Details - The acquisition of Mecco enhances Brady's existing direct part marking solutions, which were previously expanded with the acquisition of Gravotech in fiscal year 2025 [2][3]. - Mecco specializes in industrial product marking and identification systems, offering laser marking and pin marking technologies tailored for various applications [2][3]. Group 2: Strategic Implications - The integration of Mecco's consultative strategy and customized product offerings is expected to drive future growth for Brady, complementing its existing technologies [3]. - Brady aims to provide a comprehensive range of end-to-end direct part marking and specialty identification products, improving visibility in manufacturing processes for customers [2][3]. Group 3: Company Overview - Brady Corporation is an international manufacturer and marketer of solutions that enhance safety, security, productivity, and performance across various industries, including electronics, telecommunications, and medical [3]. - As of July 31, 2024, Brady employed approximately 5,700 people and reported fiscal 2024 sales of approximately $1.34 billion [3].