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A worker on a high-voltage electrical grid needs a label that can survive extreme heat, chemical exposure, and decades of weathering without fading into illegibility. Brady (BRC -0.22%) is the silent, essential engine behind that safety. Based in Milwaukee since 1914, the company manufactures the specialized identification, safety signage, and workflow software that keep complex industrial, healthcare, and electronic environments running. As of Oct. 6, 2026, the stock trades at $85.90, up 13% over the past year.

Our proprietary Hidden Gems scoring system assigns Brady an overall Superscore of 80 out of 100, placing it in the Strong category. The Superscore is an AI-powered metric that evaluates a company's overall strength by combining financial performance, product-market position, technological capabilities, leadership quality, and relative valuation. It represents the unification of all our scores into a single score for public companies, with five rating bands: Exceptional (90-100), Strong (75-89), Above Average (60-74), Average (40-59), and Cautious (0-39).

This score places the company in the top ~10% of every company we score. This analysis pairs the strengths driving that score with the risks that cap it, providing a starting point for your own due diligence.

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Moneyball Superscore

78/100

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Why BRC Has an 80 SuperscoreStrong revenue growth: The company achieved 10% year-over-year revenue growth in fiscal 2026, reaching nearly $1.7 billion, demonstrating its ability to scale in a competitive industrial landscape.Robust profit margins: Gross margin expanded to 52% in fiscal 2026, evidence that its specialized materials science and integrated identification systems command real pricing power.Consistent innovation investment: Management funneled $94 million into R&D during fiscal 2026 to develop proprietary printing and software systems that sustain the company's long-term competitive moat.Strategic platform expansion: The $1.4 billion acquisition of Honeywell's Productivity Solutions and Services business in August 2026 immediately secured a number two market position in the data capture sector.Operational cash efficiency: Operating cash flow surged 35% in fiscal 2026, indicating the company successfully converts its manufacturing output into liquid capital.Why Is BRC's Superscore Not Higher?Elevated integration risk: The massive $1.4 billion debt-financed acquisition of the PSS business creates meaningful execution pressure while the company works to realize $25 million in annual cost synergies.Absence of an AI advantage: The business lacks a defensible proprietary data moat, leaving it disconnected from the software-driven intelligence rapidly transforming modern industrial productivity.Full valuation levels: The trailing P/E of 20 leaves is not inexpensive and requires the company to keep growing earnings. If company guidance fails to materialize or if the macro environment for industrial spend cools, the stock could fall.Opaque governance structure: The concentration of voting control among founding descendants limits shareholder alignment, which complicates the leadership structure for public investors.Brady earns a high return on net tangible assets, which means it generates significant profit from a relatively small base of physical machinery and equipment. This capital efficiency allows it to compound returns on invested capital, often justifying a valuation premium when the company successfully translates its growth into outsize cash generation.

Table 1: Hidden Gems Database Scores for Brady (BRC)ScoreScore (out of 100)RankSupporting Data PointProduct (1Y)85Top ~11%Revenue growth reached 10% in fiscal 2026, supported by strong demand in electronics and datacenter markets.Product (5Y)78Top ~14%The company maintained a 6% revenue CAGR from 2022 to 2026 through disciplined R&D and targeted M&A.Financial (1Y)84Top ~8%Operating cash flow rose 35% in fiscal 2026, reflecting peak efficiency in cash generation.Financial (5Y)69Top ~25%Debt-to-equity ratios remained conservative, consistently staying below 0.15 throughout the period.Leaders78Top ~23%Management successfully transitioned to a new CEO in 2026 while providing detailed guidance on acquisition accretion.AI14Bottom ~11%The business operates as a legacy manufacturer without a scalable data product or proprietary AI-native moat.Valuation Risk67Top ~30%The stock trades at a trailing P/E of 20, representing a fair valuation for an established industrial operator.Is BRC Right For Your Portfolio?This stock warrants a closer look if...

You prioritize long-term stability and income from companies with a track record of supporting industrial stocks through consistent dividend growth.You value industrial operators that maintain high gross margins through proprietary materials science and integrated safety workflows.You may want to keep researching before buying if...

You are uncomfortable with the execution risks involved in integrating a massive $1.4 billion acquisition.You seek exposure to high-growth tech or AI-native firms rather than traditional, hardware-centric identification businesses.The Superscore is a data-driven signal worth investigating, but it remains one component of your total analysis; always weigh these findings against your personal financial goals and risk tolerance before taking action.

My 5-year prediction for BRC stockThis company has a consistent operating history, with revenue growth accelerating over the last few years. Margins have also steadily improved for several years, indicating a solid competitive position and solid cost management. The stock could deliver marginal outperformance relative to the market over the next five years.

Brady is benefiting from a razor-and-blade business model, in which it sells industrial printers that generate recurring, profitable revenue from consumable products. It also sells across multiple industries, with no single sector accounting for more than 5% of total revenue.

The recent acquisition expands Brady's addressable market by $14 billion. This will benefit Brady by adding another recurring revenue stream from software and services.

Overall, analysts expect the company's earnings to grow at an annualized rate of 11% in the coming years. At a P/E of 20, the stock seems fairly valued and could deliver satisfactory returns over the next five years.

The Hidden Gems Superscore reflects The Motley Fool's proprietary AI-driven evaluation of a company across product, financial, leadership, and valuation pillars as of the article date and may change over time. Performance figures are point-in-time. Past performance does not guarantee future results.

SummaryBrady Corporation is rated Buy, trading at a ~15% DCF discount and 28% below peers, with accelerating organic growth and robust capital returns.BRC’s acquisition of Honeywell’s PSS for $1.4B transforms it into the #2 AIDC player, expanding TAM but temporarily diluting margins and increasing leverage.Organic growth doubled over two years despite weak manufacturing demand; Americas strength offsets persistent European stagnation and margin underperformance.Key risks include PSS integration, European weakness, and a new $1.6B debt load with refinancing risk by 2031, but BRC’s long dividend record and low customer concentration appeal to value-focused industrial investors. ake1150sb/iStock via Getty Images

Company Overview Brady Corporation (BRC) is a global manufacturer of identification solutions and workplace safety products, designed to identify and protect premises, products, and people. The company sells safety signs, product and wire identification labels, printers and consumables, people identification and

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Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

Brady (NYSE:BRC) executives outlined the company’s strategy following the August acquisition of Honeywell’s Productivity Solutions and Services business, now rebranded as Intelligent Productivity Solutions, or IPS. Chief Executive Officer Vineet Nargolwala described the transaction as the largest in Brady’s more than 100-year history and said it expands the company’s industrial technology capabilities, product portfolio and addressable markets.

The legacy business, now called Brady Identity Solutions, generated approximately $1.7 billion in revenue last year and was approaching a 20% EBITDA margin, Nargolwala said. The company supplies identification and workplace-safety products, including printers, scanners, labels, wire markers and patient-identification wristbands. Its operating model includes sales of printers and connected devices that generate recurring demand for consumable materials.

Nargolwala said no individual end market accounts for more than 5% of Brady’s revenue. The company’s operations are concentrated in the United States and Europe, the Middle East and Africa, while Asia has recently shown stronger growth. IPS Adds Devices, Software and Services The acquired IPS business brings a roughly $1 billion platform with products including mobile computers, scanners, printers, workflow software, voice-enabled solutions, services and barcode-engine components for other manufacturers. Nargolwala said the acquisition complements Brady’s existing printers, consumables, RFID and identification offerings.

“We had been building that portfolio that we coveted around more mobile PCs, printers, scanners, RFID, and in one fell swoop, we have been able to achieve that,” Nargolwala said.

He said IPS has more than 3.5 million devices under service contracts, creating recurring revenue opportunities from service agreements, device refresh cycles, software and other services. The combined company is approaching $3 billion in sales and has nearly 10,000 employees, according to Nargolwala.

Brady’s addressable market expands from roughly $4 billion to $5 billion before the deal to about $14 billion with IPS, management said. The company now sees opportunities across manufacturing and industrial markets as well as retail, transportation, logistics and healthcare.

Brady Identity Solutions focuses on identification, safety and consumable-based recurring revenue. IPS adds mobility, scanning, workflow software, voice technology and services. The company expects the combined portfolio to support broader customer relationships and cross-selling opportunities. Growth Outlook and Competitive Positioning Nargolwala said Brady’s core Identity Solutions business has historically grown above GDP and should be viewed as a mid-single-digit grower over the next several years. He said some portions of the business, particularly engineered products such as printers and consumables, have been growing faster, while certain European distribution-oriented operations grow more in line with GDP.

For IPS, management said it was still early in the ownership period and did not provide a specific growth target. Nargolwala said the relevant market is estimated at roughly $10 billion and is expected to grow at about a 4% compound annual rate over the next several years. Brady’s aspiration is to grow faster than that market, he said.

The CEO characterized Zebra Technologies as the leading participant in the market and Brady as a “very distant number two,” while saying the company sees substantial opportunity to improve IPS’s competitiveness. Brady plans to invest more than $200 million in research and development across the combined company and now has more than 1,000 engineers and scientists, Nargolwala said.

Management said the acquisition can also allow Brady to reach larger enterprise customers, including technology executives and operational decision-makers, with integrated productivity solutions. At the same time, the company sees opportunities to bring ruggedized handheld products into Brady’s smaller and midsize business channels and to expand Brady printer offerings within the IPS platform.

Synergies, Leverage and Integration Brady has targeted $25 million in cost synergies by the third year following the acquisition, with Nargolwala saying management is confident it can meet that target and may do so sooner. The deal is expected to be double-digit accretive, with management previously setting a goal of $0.80 of accretion in the first year.

The transaction increased the company’s leverage to about 2.5 times. Chief Financial Officer Ann Thornton reiterated Brady’s goal of reducing net leverage below 2 times within the first two years of ownership while continuing its existing capital-allocation strategy.

Thornton said the legacy business generated a record $244 million of cash flow from operating activities in the last fiscal year, up 35% from the prior year. She also described the company as generally capital-expenditure light, noting that capital spending for the organic business in fiscal 2026 was slightly above $50 million and that higher spending in certain years has been tied to facility purchases when leases expired.

On integration, Nargolwala said Brady was encouraged by the depth of talent within IPS, customer relationships, the existing product portfolio and its development roadmap. The business remains under transition service agreements with Honeywell for functions including finance, information technology, human resources and legal matters for the next 12 to 18 months. He said information technology will likely be a central integration focus, though Brady and IPS already operate on the same ERP platform and instance.

Regional Demand and Inflation Nargolwala said U.S. industrial activity has benefited from the data-center capital-expenditure boom, which he said is filtering through multiple sectors of the economy. Brady is focusing in North America on capitalizing on growth opportunities through investment and new products.

Europe has faced more challenging conditions, including energy-related pressures and geopolitical conflict, he said. Brady’s European strategy has emphasized cost management and portfolio optimization, though management has begun to see “green shoots” of growth in engineered services and printer placements that can increase consumables demand.

Management said inflation remains a factor, although its pace has moderated. Nargolwala cited general cost pressures, including diesel, and said the IPS business has greater exposure to electronics costs, including memory used in mobile computing products.

About Brady (NYSE:BRC) Brady Corporation (NYSE: BRC) develops and manufactures identification, workplace safety and facility-marking products for industrial, commercial, healthcare and government customers. Its offerings include safety signs and labels, pipe and valve markers, asset and equipment identification, wire and cable markers, barcode and RFID products, and specialized identification materials designed for demanding environments.

The company also provides printers, software and related systems used to create and manage labels, signs and other identification products.

Brady (NYSE:BRC – Get Free Report) and UniFirst (NYSE:UNF – Get Free Report) are both mid-cap industrials companies, but which is the better investment? We will compare the two companies based on the strength of their analyst recommendations, risk, profitability, dividends, valuation, institutional ownership and earnings.

Volatility and Risk Brady has a beta of 0.61, meaning that its share price is 39% less volatile than the S&P 500. Comparatively, UniFirst has a beta of 0.61, meaning that its share price is 39% less volatile than the S&P 500.

Analyst Ratings This is a breakdown of recent ratings and recommmendations for Brady and UniFirst, as provided by MarketBeat.com.

Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score Brady 0 0 2 0 3.00 UniFirst 0 4 0 0 2.00 Brady currently has a consensus price target of $103.00, suggesting a potential upside of 19.20%. UniFirst has a consensus price target of $246.67, suggesting a potential downside of 8.79%. Given Brady’s stronger consensus rating and higher probable upside, analysts clearly believe Brady is more favorable than UniFirst. Insider and Institutional Ownership 76.3% of Brady shares are owned by institutional investors. Comparatively, 78.2% of UniFirst shares are owned by institutional investors. 15.6% of Brady shares are owned by company insiders. Comparatively, 0.9% of UniFirst shares are owned by company insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a stock will outperform the market over the long term.

Dividends Brady pays an annual dividend of $0.98 per share and has a dividend yield of 1.1%. UniFirst pays an annual dividend of $1.46 per share and has a dividend yield of 0.5%. Brady pays out 22.7% of its earnings in the form of a dividend. UniFirst pays out 23.0% of its earnings in the form of a dividend. Both companies have healthy payout ratios and should be able to cover their dividend payments with earnings for the next several years. Brady has increased its dividend for 39 consecutive years and UniFirst has increased its dividend for 7 consecutive years. Brady is clearly the better dividend stock, given its higher yield and longer track record of dividend growth.

Earnings & Valuation This table compares Brady and UniFirst”s top-line revenue, earnings per share and valuation.

Gross Revenue Price/Sales Ratio Net Income Earnings Per Share Price/Earnings Ratio Brady $1.66 billion 2.44 $205.38 million $4.31 20.05 UniFirst $2.49 billion 1.96 $148.27 million $6.34 42.66 Brady has higher earnings, but lower revenue than UniFirst. Brady is trading at a lower price-to-earnings ratio than UniFirst, indicating that it is currently the more affordable of the two stocks.

Profitability This table compares Brady and UniFirst’s net margins, return on equity and return on assets.

Net Margins Return on Equity Return on Assets Brady 12.36% 19.21% 13.83% UniFirst 4.65% 6.44% 5.03% Summary Brady beats UniFirst on 12 of the 16 factors compared between the two stocks.

About Brady (Get Free Report)

Brady Corporation manufactures and supplies identification solutions (IDS) and workplace safety (WPS) products to identify and protect premises, products, and people in the United States and internationally. The company offers materials, printing systems, RFID, and bar code scanners for product identification, brand protection labeling, work in process labeling, finished product identification, and industrial track and trace applications; safety signs, floor-marking tapes, pipe markers, labeling systems, spill control products, lockout/tagout device, and software and services for safety compliance auditing, procedure writing, and training; and hand-held printers, wire markers, sleeves, and tags for wire identification. It also provides name tags, badges, lanyards, rigid card printing systems, and access control software for people identification; and wristbands, labels, printing systems, and other products for tracking and improving the safety of patients. In addition, the company offers workplace safety, identification, and compliance products, such as safety and compliance signs, tags, labels, and markings; informational signage and markings; asset tracking labels; facility safety and personal protection equipment; first-aid products; and other compliance products for process, government, education, construction, and utilities industries. Further, it provides stock and custom identification products; and sells related resale products. The company serves industrial and electronic manufacturing, healthcare, chemical, oil, gas, automotive, aerospace, governments, mass transit, electrical contractors, education, leisure and entertainment, telecommunications, and other industries through distributors, direct sales force, and digital channels. Brady Corporation was incorporated in 1914 and is headquartered in Milwaukee, Wisconsin.

About UniFirst (Get Free Report)

UniFirst Corporation provides workplace uniforms and protective work wear clothing in the United States, Europe, and Canada. The company operates through U.S. and Canadian Rental and Cleaning, Manufacturing, Specialty Garments Rental and Cleaning, and First Aid segments. It designs, manufactures, personalizes, rents, cleans, delivers, and sells a range of uniforms and protective clothing, including shirts, pants, jackets, coveralls, lab coats, smocks, and aprons; and specialized protective wear, such as flame resistant and high visibility garments. The company also rents and sells industrial wiping products, floor mats, facility service products, and dry and wet mops; restroom and cleaning supplies comprising air fresheners, paper products, gloves, masks, sanitizers, and hand soaps; and other textile products. In addition, it provides first aid cabinet services and other safety supplies; decontaminates and cleans work clothes, and other items that is exposed to radioactive materials; and services special cleanroom protective wear and facilities. Further, it offers a range of garment service options, including full-service rental programs in which garments are cleaned and serviced; lease programs in which garments are cleaned and maintained by individual employees; and purchase programs to buy garments and related items directly. The company serves automobile service centers and dealers, delivery services, food and general merchandise retailers, food processors and service operations, light manufacturers, maintenance facilities, restaurants, service companies, soft and durable goods wholesalers, transportation companies, healthcare providers, government agencies, research and development laboratories, high technology companies, and utilities operating nuclear reactors, as well as others who require employee clothing for image, identification, protection, or utility purposes. UniFirst Corporation was founded in 1936 and is headquartered in Wilmington, Massachusetts.

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Brady NYSE: BRC reported record revenue and adjusted earnings per share for fiscal 2026, its sixth consecutive year of record earnings, as printer and specialty adhesive-material sales supported organic growth and margin expansion. The company also outlined its first full-year outlook following the acquisition of Honeywell's Productivity Solutions and Services business, now called Intelligent Productivity Solutions, or IPS.

 | Source: Brady Corporation

MILWAUKEE, Sept. 02, 2026 (GLOBE NEWSWIRE) -- On September 1, 2026, Brady Corporation’s (NYSE: BRC) Board of Directors approved an increase in the annual dividend to shareholders of the Company’s Class A Common Stock from $0.98 per share to $1.00 per share. A quarterly dividend to shareholders of the Company’s Class A Common Stock of $0.25 per share will be paid on October 30, 2026, to shareholders of record at the close of business on October 9, 2026. This dividend represents the 41st consecutive annual increase in dividends.

Brady Corporation (NYSE: BRC) is a global industrial technology company and a leading provider of identification, safety, and productivity solutions that help organizations of all sizes to identify, connect, protect, track, and optimize what matters most. By combining trusted identification technologies with advanced data capture, enterprise mobility, software and workflow solutions, Brady’s comprehensive offerings enable its customers to improve safety, productivity, accuracy, and operational performance across their most critical functions and in the world’s most demanding environments. For more than 110 years, Brady has established trust and demonstrated its commitment to innovation, serving customers across manufacturing, logistics, healthcare, electronics, telecommunications, aerospace, construction, and other key industries, to make their work safer, smarter, and more connected. Headquartered in Milwaukee, Wisconsin, Brady employs approximately 9,300 people worldwide. Brady stock trades on the New York Stock Exchange under the symbol BRC. Learn more at www.bradycorp.com.

For More Information Contact:
Investor Contact: Ann Thornton (414) 438-6887
Media Contact: Kate Venne (414) 358-5176

August 03, 2026 16:10 ET  | Source: Brady Corporation

Global Industrial Technology Platform Delivering Identification, Safety and Productivity SolutionsExpanded Addressable Market with Comprehensive Capabilities Across VerticalsPSS is expected to contribute approximately $0.80 of incremental Adjusted Diluted Earnings Per Share* within the first year following the close of the transaction
MILWAUKEE, Aug. 03, 2026 (GLOBE NEWSWIRE) -- Brady Corporation (NYSE: BRC) (“Brady” or “Company”), a world leader in identification, safety and productivity solutions, today announced that effective August 3, the Company has completed its previously announced transaction with Honeywell (Nasdaq: HON) to acquire Honeywell Technologies’ Productivity Solutions and Services (“PSS”) business. The all-cash, $1.4 billion transaction was funded with cash on hand, a senior unsecured credit facility and private placement debt, preserving substantial liquidity to support ongoing operations and future growth initiatives.

The business combination establishes Brady as a leading identification, safety and productivity solutions partner for businesses globally, leveraging Brady’s strength in printers and consumables and PSS’s leadership in mobile computing, scanning, RFID and workflow software. The PSS business generated sales of approximately $1.1 billion in 2025. As a scaled industrial technology company with enhanced capabilities, comprehensive solutions, and broader end-market exposure, we believe Brady is uniquely positioned to partner with customers to address their evolving needs.

In conjunction with the acquisition, Brady will be operated with two reportable segments. The existing Brady business will be reported as Identification Solutions and the PSS business will be reported as Intelligent Productivity Solutions.

Management Commentary
“Today marks the beginning of the next chapter for Brady as a leading industrial technology company, with enhanced capabilities and greater market access. The combination of Brady and PSS’s portfolios creates an industrial technology leader with capabilities across identification, safety, connectivity, and intelligent workflow solutions. Brady now serves customers in nearly every end market, with an expanded portfolio designed to help customers improve productivity, safety and operational performance,” said Brady’s President and Chief Executive Officer, Vineet Nargolwala.

Mr. Nargolwala continued, “While this transaction significantly expands Brady's scale and capabilities, our approach and objectives remain the same: producing trusted products and services, consistent operational execution, disciplined capital allocation, and creating significant value for our teams, customers and shareholders. We welcome the over 3,000 members of the PSS team to Brady and together, we will build the next chapter of Brady.”

The combined Company provides a Comprehensive Industrial Technology Platform

Comprehensive technology portfolio: Product portfolio adds scale and extends Brady into adjacent workflows, including mobile computing, barcode scanning, RFID and workflow software, complementing Brady’s leading position in its printers and specialty adhesive materials portfolios. Expanded addressable market: Brady now has access to the $9 billion productivity solutions market, better positioning the Company to benefit from secular tailwinds across automation, digitization, and asset tracking as global companies continue to seek automation and efficiency opportunities. Increased recurring revenue opportunity: PSS’s high-margin software and service offerings provide the Company with an opportunity to increase recurring revenue, improve long-term margin profile, and strengthen customer relationships.Compelling financial platform: The PSS acquisition is expected to be immediately accretive to Adjusted Diluted Earnings per Share* (approximately $0.80 within the first twelve months following the close of the transaction) with strong cash generation to support deleveraging. Brady expects to achieve a minimum of $25 million in annual run-rate cost synergies within three years of closing through improved operational efficiency.   After accounting for transaction financing, Brady expects net debt-to-EBITDA* of approximately 2.5x, anticipating that it will deleverage to below 2.0x within two years following close. Brady is committed to maintaining a strong balance sheet to support its disciplined and consistent capital allocation strategy. About Brady
Brady Corporation (NYSE: BRC) is a global industrial technology company and a leading provider of identification, safety, and productivity solutions that help organizations of all sizes to identify, connect, protect, track, and optimize what matters most. By combining trusted identification technologies with advanced data capture, enterprise mobility, software and workflow solutions, Brady’s comprehensive offerings enable its customers to improve safety, productivity, accuracy, and operational performance across their most critical functions and in the world’s most demanding environments. For more than 110 years, Brady has established trust and demonstrated its commitment to innovation, serving customers across manufacturing, logistics, healthcare, electronics, telecommunications, aerospace, construction, and other key industries, to make their work safer, smarter, and more connected. Headquartered in Milwaukee, Wisconsin, Brady employs approximately 9,400 people worldwide. Brady stock trades on the New York Stock Exchange under the symbol BRC. Learn more at www.bradyid.com.

* Adjusted Diluted EPS and the ratio of net debt to EBITDA are non-GAAP measures. We believe that these non-GAAP financial measures are useful measures for providing investors with additional information to understand and compare our operating results across accounting periods and compared to our peers. Our management primarily uses these non-GAAP measures to help us evaluate our business and forecast our future results. This additional information is not meant to be considered in isolation or as a substitute for results of operations prepared and presented in accordance with GAAP. For forward-looking non-GAAP measures as used in this press release, we do not attempt to provide a reconciliation to the equivalent GAAP measures as certain elements of these measures are dependent on future events and therefore cannot be precisely calculated without unreasonable effort or expense. The significance of these elements are indeterminable at this time. Forward-looking non-GAAP measures are estimated in a manner consistent with our historical practice.

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In this release, statements that are not reported financial results or other historic information are “forward-looking statements.” These forward-looking statements relate to, among other things, statements about the success of the acquisition, including anticipated benefits and synergies of the transaction, future opportunities for the combined company, and any other statements regarding the establishment of a new reporting segment for the PSS business, the combined company’s future operations and future financial position, anticipated economic activity, business strategies, targets, future earnings, anticipated growth, market opportunities, debt levels and cash flows, competition and other expectations and estimates for future periods including plans and objectives of management for future operations.

The use of words such as “may,” “will,” “expect,” “intend,” “estimate,” “anticipate,” “believe,” “should,” “project,” “plan” or similar terminology are generally intended to identify forward-looking statements. These forward-looking statements by their nature address matters that are, to different degrees, uncertain and are subject to risks, assumptions, and other factors, some of which are beyond the Company’s control, that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. For the Company, uncertainties arise from: the ability of the Company and the PSS business to retain customers and retain and hire key personnel and maintain relationships with their suppliers and customers and on their operating results and businesses generally; potential difficulties integrating the PSS business, or the costs of integrating the PSS business exceeding original estimates; failure of the Company to achieve the anticipated benefits and synergies of the transaction identified in this release on the timeline indicated or at all; the establishment of a new reporting segment for the PSS business; increased cost of materials, labor, material shortages and supply chain disruptions, including as a result of tariffs or other impacts of the global trade environment; decreased demand for the Company’s products; the Company’s ability to compete effectively or to successfully execute our strategy; the Company’s ability to develop technologically advanced products that meet customer demands; the Company’s ability to identify, integrate and grow acquired companies, and to manage contingent liabilities from divested businesses; difficulties in protecting the Company’s websites, networks, and systems against security breaches; extensive regulations by U.S. and non-U.S. governmental and self-regulatory entities; risks associated with the loss of key employees; litigation, including product liability claims; global climate change and environmental regulations; foreign currency fluctuations; our indebtedness, financial condition and fulfillment of obligations thereunder; the ability to service our indebtedness; changes in tax legislation and tax rates; potential write-offs of goodwill and other intangible assets; differing interests of voting and non-voting shareholders and changes in the regulatory and business environment around dual-class voting structures; numerous other matters of national, regional and global scale, including major public health crises and government responses thereto and those of a political, economic, business, competitive, and regulatory nature contained from time to time in the Company’s U.S. Securities and Exchange Commission filings, including, but not limited to, those factors listed in the “Risk Factors” section within Item 1A of Part I of the Company’s Form 10-K for the year ended July 31, 2025 and the risk factor listed in the “Risk Factors” section within Item 1A of Part II of the Company’s Form 10-Q for the quarterly period ended April 30, 2026.

These uncertainties may cause the Company’s actual future results to be materially different than those expressed in its forward-looking statements. The Company does not undertake to update its forward-looking statements except as required by law.

Investor and Media Contacts
Investor contact: Ann Thornton 414-438-6887
Media contact: Kate Venne 414-469-2768

Posted by Defense World Staff on Jul 28th, 2026

Bessemer Group Inc. trimmed its stake in shares of Brady Corporation (NYSE:BRC – Free Report) by 83.4% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,757 shares of the industrial products company’s stock after selling 8,842 shares during the quarter. Bessemer Group Inc.’s holdings in Brady were worth $142,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Franklin Resources Inc. increased its holdings in Brady by 267.8% in the 4th quarter. Franklin Resources Inc. now owns 1,188,189 shares of the industrial products company’s stock worth $93,118,000 after purchasing an additional 865,131 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in shares of Brady by 502,257.8% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 452,122 shares of the industrial products company’s stock valued at $35,433,000 after buying an additional 452,032 shares during the period. First Trust Advisors LP raised its holdings in Brady by 22.2% in the 4th quarter. First Trust Advisors LP now owns 1,620,931 shares of the industrial products company’s stock valued at $127,032,000 after buying an additional 294,818 shares during the last quarter. Millennium Management LLC boosted its position in Brady by 1,256.9% during the 1st quarter. Millennium Management LLC now owns 185,182 shares of the industrial products company’s stock worth $13,081,000 after buying an additional 171,535 shares during the period. Finally, Qube Research & Technologies Ltd grew its holdings in Brady by 37.2% during the 2nd quarter. Qube Research & Technologies Ltd now owns 322,873 shares of the industrial products company’s stock worth $21,946,000 after acquiring an additional 87,606 shares during the last quarter. Institutional investors and hedge funds own 76.28% of the company’s stock.

Analyst Ratings Changes Several research analysts have issued reports on BRC shares. Weiss Ratings lowered shares of Brady from a “buy (b+)” rating to a “buy (b)” rating in a report on Wednesday, May 13th. Wall Street Zen raised shares of Brady from a “hold” rating to a “buy” rating in a research report on Saturday, May 23rd. Finally, Sidoti upgraded Brady from a “neutral” rating to a “buy” rating and set a $103.00 price target for the company in a report on Tuesday, June 9th. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of $103.00.

View Our Latest Stock Report on Brady

Insider Transactions at Brady In other news, CEO Vineet A. Nargolwala bought 13,011 shares of Brady stock in a transaction that occurred on Wednesday, June 10th. The shares were acquired at an average price of $76.86 per share, with a total value of $1,000,025.46. Following the completion of the purchase, the chief executive officer directly owned 52,709 shares in the company, valued at $4,051,213.74. The trade was a 32.77% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Company insiders own 15.60% of the company’s stock.

Brady Trading Up 2.3% Shares of BRC stock opened at $96.72 on Tuesday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.36 and a current ratio of 2.01. The company has a market capitalization of $4.56 billion, a price-to-earnings ratio of 22.03 and a beta of 0.61. Brady Corporation has a 52-week low of $69.24 and a 52-week high of $99.29. The company has a 50-day simple moving average of $88.15 and a two-hundred day simple moving average of $86.22.

Brady (NYSE:BRC – Get Free Report) last announced its earnings results on Monday, May 18th. The industrial products company reported $1.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.35 by $0.15. Brady had a return on equity of 19.01% and a net margin of 12.93%.The firm had revenue of $435.24 million during the quarter, compared to analyst estimates of $406.07 million. During the same period last year, the firm posted $1.22 EPS. The business’s revenue was up 13.7% compared to the same quarter last year. Brady has set its FY 2026 guidance at 5.200-5.300 EPS. Research analysts anticipate that Brady Corporation will post 5.25 EPS for the current fiscal year.

Brady Dividend Announcement The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Friday, July 10th will be issued a dividend of $0.245 per share. This represents a $0.98 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend is Friday, July 10th. Brady’s payout ratio is currently 22.32%.

About Brady (Free Report)

Brady Corporation is a global provider of identification and safety solutions, specializing in the design, manufacture and sale of products that help businesses improve safety, security and efficiency. The company offers an array of durable labels, signs, safety devices, printing systems and software platforms tailored to a wide range of industrial and commercial environments.

Founded in 1914 by William H. Brady, Brady Corporation has grown from a regional marker manufacturer into a diversified global enterprise.

See Also Five stocks we like better than Brady AirJoule’s Kubota Deal Is a Major Validation—But the Hard Part Comes Next Dividend Stocks May Be the Quiet Rotation Trade Investors Are Missing Now Refiner Stocks Are Near Record Highs—Can Iran-Driven Margins Keep Them There? Verizon May Be an AI Infrastructure Stock Hiding in Plain Sight Want to see what other hedge funds are holding BRC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Brady Corporation (NYSE:BRC – Free Report).

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LOS ANGELES, June 15, 2026 /PRNewswire/ -- BRC Group Holdings, Inc. (Nasdaq: RILY) ("BRC" or the "Company") today provided supplemental information regarding its indirect economic interest in Space Exploration Technologies Corp. ("SpaceX"), following SpaceX's initial public offering on June 12, 2026 (the "IPO"). The Company discussed this interest in its latest filing on Form 10-Q for the quarterly period ended March 31, 2026 filed on May 7, 2026 and its most recent quarterly earnings call on May 7, 2026.

Brady Corporation (BRC) M&A Call Transcript

May 13, 2026 14:05 ET  | Source: Brady Corporation

MILWAUKEE, May 13, 2026 (GLOBE NEWSWIRE) -- Brady Corporation (NYSE: BRC), will announce its fiscal 2026 third quarter financial results on Monday, May 18, 2026.

A conference call will be held beginning at 10:30 a.m. Eastern Time (9:30 a.m. Central Time) Monday, May 18, 2026. Participants will be able to access the webcast and presentation here live and in replay.

This call is being webcast by Notified and can be accessed here.

About BRC
Brady Corporation is an international manufacturer and marketer of complete solutions that identify and protect people, products and places. Brady’s products help customers increase safety, security, productivity and performance and include high-performance labels, signs, safety devices, printing systems and software. Founded in 1914, the Company has a diverse customer base in electronics, telecommunications, manufacturing, electrical, construction, medical, aerospace and a variety of other industries. Brady is headquartered in Milwaukee, Wisconsin and as of July 31, 2025, employed approximately 6,400 people in its worldwide businesses. Brady’s fiscal 2025 sales were approximately $1.51 billion. Brady stock trades on the New York Stock Exchange under the symbol BRC. More information is available on the Internet at www.bradycorp.com.

For More Information:
Investor contact: Ann Thornton 414-438-6887
Media contact: Kate Venne 414-358-5176

Sales for the quarter increased 13.8 percent compared to the same quarter of the prior year. Organic sales increased 8.2 percent, acquisitions increased sales 2.1 percent and foreign currency translation increased sales 3.5 percent.Diluted EPS increased 11.0 percent to $1.21 in the third quarter of fiscal 2026 compared to $1.09 in the same quarter of the prior year. Adjusted Diluted EPS* increased 23.0 percent to $1.50 in the third quarter of fiscal 2026 compared to $1.22 in the same quarter of the prior year.Net cash provided by operating activities increased to $78.2 million in the third quarter of fiscal 2026 compared to $59.9 million in the third quarter of last year.GAAP earnings per diluted Class A Nonvoting Common share guidance for the year ending July 31, 2026 was adjusted from the previous range of $4.62 to $4.82 per share to $4.66 to $4.76 per share. Adjusted Diluted EPS* Guidance was raised for the full year ending July 31, 2026 from the previous range of $4.95 to $5.15 per share to the new range of $5.20 to $5.30 per share.Entered into a definitive purchase agreement on April 20, 2026, to acquire Honeywell’s Productivity Solutions and Services business, expected to close in the second half of calendar 2026, subject to regulatory approvals and customary closing conditions. MILWAUKEE, May 18, 2026 (GLOBE NEWSWIRE) -- Brady Corporation (NYSE: BRC) (“Brady” or “Company”), a world leader in identification solutions, today reported its financial results for its fiscal 2026 third quarter ended April 30, 2026.

Quarter Ended April 30, 2026 Financial Results:
Sales for the quarter ended April 30, 2026 increased 13.8 percent, which consisted of organic sales growth of 8.2 percent, growth of 2.1 percent from acquisitions and an increase of 3.5 percent from foreign currency translation. Sales for the quarter ended April 30, 2026 were $435.2 million compared to $382.6 million in the same quarter last year. By region, sales increased 14.4 percent in the Americas & Asia and sales increased 12.6 percent in Europe & Australia, which consisted of organic sales growth of 10.1 percent in the Americas & Asia and organic sales growth of 4.5 percent in Europe & Australia.

Income before income taxes increased 11.6 percent to $73.4 million in the quarter ended April 30, 2026, compared to $65.7 million in the same quarter last year. Adjusted Income Before Income Taxes* in the quarter ended April 30, 2026, which was adjusted for amortization expense of $5.3 million and acquisition-related costs of $13.5 million, was $92.1 million, an increase of 23.8 percent compared to the third quarter of last year. Adjusted Income Before Income Taxes* in the quarter ended April 30, 2025, which was adjusted for amortization expense and facility closure and other reorganization costs of $8.7 million, was $74.4 million.

Net income for the quarter ended April 30, 2026 was $57.8 million compared to $52.3 million in the same quarter last year. Adjusted Net Income* in the quarter ended April 30, 2026 was $71.9 million compared to $58.8 million in the same quarter last year. Earnings per diluted Class A Nonvoting Common Share was $1.21 compared to $1.09 in the same quarter last year. Adjusted Diluted EPS* in the quarter ended April 30, 2026 was $1.50 compared to $1.22 in the same quarter last year.

Nine-Month Period Ended April 30, 2026 Financial Results:
Sales for the nine-month period ended April 30, 2026 increased 9.7 percent, which consisted of organic sales growth of 4.3 percent, growth of 2.5 percent from acquisitions and an increase of 2.9 percent from foreign currency translation. Sales for the nine months ended April 30, 2026 were $1.22 billion compared to $1.12 billion in the same period last year. By region, sales increased 10.6 percent in the Americas & Asia and sales increased 8.0 percent in Europe & Australia, which consisted of organic sales growth of 6.0 percent in the Americas & Asia and organic sales growth of 0.9 percent in Europe & Australia.

Income before income taxes increased 15.4 percent to $203.8 million in the nine-month period ended April 30, 2026, compared to $176.6 million in the same period last year. Adjusted Income Before Income Taxes* in the nine-month period ended April 30, 2026, which was adjusted for amortization expense of $15.8 million and acquisition-related costs of $13.5 million, was $233.1 million, an increase of 13.5 percent compared to the same period last year. Adjusted Income Before Income Taxes* in the nine-month period ended April 30, 2025, which was adjusted for amortization expense, facility closure and other reorganization costs and acquisition-related charges of $28.8 million, was $205.4 million.

Net income in the nine-month period ended April 30, 2026 was $159.8 million compared to $139.4 million in the same period last year. Adjusted Net Income* in the nine-month period ended April 30, 2026 was $181.9 million compared to $161.1 million in the same period last year. Earnings per diluted Class A Nonvoting Common Share was $3.35 compared to $2.89 in the same period last year. Adjusted Diluted EPS* in the nine-month period ended April 30, 2026 was $3.81 compared to $3.34 in the same period last year.

Commentary:
“Our investment in research & development resulted in strong organic sales growth globally, along with a record quarter of adjusted earnings per share. New product launches over the last several years as well as data center construction drove our sales growth, which is an end market that is ideal for our high-performance identification solutions,” said Brady’s President and Chief Executive Officer, Russell R. Shaller. “Last month, we announced our agreement to acquire Honeywell’s Productivity Solutions and Services business, which we expect to close in the second half of calendar 2026. I’m incredibly excited to execute our plans for growth and expand our portfolio through PSS with high-quality mobility and scanning solutions, which are highly complementary to Brady’s portfolio of printers, software and specialty adhesive materials.”

“In addition to our new quarterly record adjusted earnings per share, we increased our cash flow from operating activities more than 30 percent to $78.2 million in the quarter, and we returned $16.7 million to our shareholders in the form of dividends and share buybacks,” said Brady’s Chief Financial Officer, Ann Thornton. “We were in a net cash position of $148.6 million as of April 30, 2026, which gives us the ability to continue to invest in organic growth and provides support for our acquisition of the Productivity Solutions and Services business, while returning funds to our shareholders to continue to drive long-term shareholder value.”

Fiscal 2026 Guidance:
The Company adjusted its GAAP earnings per diluted Class A Nonvoting Common Share guidance for the year ending July 31, 2026 from $4.62 to $4.82 per share, to $4.66 to $4.76 per share. The Company raised its Adjusted Diluted EPS* guidance for the year ending July 31, 2026 from $4.95 to $5.15 per share, to $5.20 to $5.30 per share.

The assumptions included in fiscal 2026 guidance include a full-year income tax rate of approximately 21 percent, depreciation and amortization expense of approximately $44 million, and capital expenditures of approximately $45 million. Fiscal 2026 guidance is based on foreign currency exchange rates as of April 30, 2026 and assumes continued economic growth. Fiscal 2026 guidance does not include any earnings impact from the PSS transaction.

A webcast regarding Brady’s fiscal 2026 third quarter financial results will be available at www.bradycorp.com/investors beginning at 9:30 a.m. central time today.

Brady Corporation is an international manufacturer and marketer of complete solutions that identify and protect people, products and places. Brady’s products help customers increase safety, security, productivity and performance and include high-performance labels, signs, safety devices, printing systems and software. Founded in 1914, the Company has a diverse customer base in electronics, telecommunications, manufacturing, electrical, construction, medical, aerospace and a variety of other industries. Brady is headquartered in Milwaukee, Wisconsin and as of July 31, 2025, employed approximately 6,400 people in its worldwide businesses. Brady’s fiscal 2025 sales were approximately $1.51 billion. Brady stock trades on the New York Stock Exchange under the symbol BRC. More information is available on the Internet at www.bradyid.com.

* Adjusted Income Before Income Taxes, Adjusted Net Income, and Adjusted Diluted EPS are non-GAAP measures. See appendix for more information on these measures, including reconciliations to the most directly comparable GAAP measures.

In this news release, statements that are not reported financial results or other historic information are “forward-looking statements.” These forward-looking statements relate to, among other things, the Company's future financial position, business strategy, targets, projected sales, costs, earnings, capital expenditures, debt levels and cash flows, and plans and objectives of management for future operations.

The use of words such as “may,” “will,” “expect,” “intend,” “estimate,” “anticipate,” “believe,” “should,” “project,” “plan” or similar terminology are generally intended to identify forward-looking statements. These forward-looking statements by their nature address matters that are, to different degrees, uncertain and are subject to risks, assumptions, and other factors, some of which are beyond Brady’s control, that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. For Brady, uncertainties arise from: increased cost of materials, labor, material shortages and supply chain disruptions, including as a result of tariffs or other impacts of the global trade environment; decreased demand for our products; our ability to compete effectively or to successfully execute our strategy; our ability to develop technologically advanced products that meet customer demands; Brady’s ability to identify, integrate and grow acquired companies; difficulties in protecting our websites, networks, and systems against security breaches and difficulties in preventing phishing attacks, social engineering or malicious break-ins; risks associated with the loss of key employees; litigation, including product liability claims; global climate change and environmental regulations; foreign currency fluctuations; changes in tax legislation and tax rates; potential write-offs of goodwill and other intangible assets; differing interests of voting and non-voting shareholders and changes in the regulatory and business environment around dual-class voting structures; the possibility that events, changes or other circumstances could result in termination of the agreement to acquire the PSS business; our ability to complete the pending acquisition of the PSS business on the anticipated timeline or at all, including risks related to the timing, receipt and terms of required governmental and regulatory approvals and the satisfaction or waiver of other closing conditions; the potential effects of the pending acquisition and related integration planning on Brady’s and the PSS business’s relationships with customers, suppliers and other business partners, ability to retain and hire key personnel, operating results and businesses generally; our ability to realize the anticipated strategic and financial benefits of the pending acquisition of the PSS business, including expected synergies, within the anticipated timeframe, or at all; numerous other matters of national, regional and global scale, including major public health crises and government responses thereto and those of a political, economic, business, competitive, and regulatory nature contained from time to time in Brady’s U.S. Securities and Exchange Commission filings, including, but not limited to, those factors listed in the “Risk Factors” section within Item 1A of Part I of Brady’s Form 10-K for the year ended July 31, 2025.

These uncertainties may cause Brady's actual future results to be materially different than those expressed in its forward-looking statements. Brady does not undertake to update its forward-looking statements except as required by law.

 BRADY CORPORATION AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF INCOME
(Unaudited; Dollars in thousands, except per share data)
         Three months ended April 30, Nine months ended April 30,  2026   2025   2026   2025 Net sales$435,237  $382,590  $1,224,661  $1,116,330 Cost of goods sold 209,768   187,531   595,966   555,739 Gross margin 225,469   195,059   628,695   560,591 Operating expenses:       Research and development 23,531   19,191   71,132   56,835 Selling, general and administrative 128,732   108,678   354,195   326,410 Total operating expenses 152,263   127,869   425,327   383,245         Operating income 73,206   67,190   203,368   177,346         Other income (expense):       Investment and other income (expense) 1,431   (509)  3,948   2,850 Interest expense (1,269)  (936)  (3,467)  (3,604)        Income before income taxes 73,368   65,745   203,849   176,592         Income tax expense 15,568   13,482   44,062   37,212         Net income$57,800  $52,263  $159,787  $139,380         Net income per Class A Nonvoting Common Share:       Basic$1.22  $1.10  $3.38  $2.92 Diluted$1.21  $1.09  $3.35  $2.89         Net income per Class B Voting Common Share:       Basic$1.22  $1.10  $3.36  $2.90 Diluted$1.21  $1.09  $3.33  $2.88         Weighted average common shares outstanding:       Basic 47,357   47,644   47,313   47,743 Diluted 47,814   48,066   47,761   48,196      BRADY CORPORATION AND SUBSIDIARIES   CONSOLIDATED BALANCE SHEETS   (Dollars in thousands)        April 30, 2026 July 31, 2025 (Unaudited)  ASSETS   Current assets:   Cash and cash equivalents$175,491  $174,349 Accounts receivable, net of allowance for credit losses of $7,274 and $7,876 respectively 266,354   231,944 Inventories 220,252   200,881 Prepaid expenses and other current assets 16,832   14,661 Total current assets 678,929   621,835 Property, plant and equipment—net 243,720   225,572 Goodwill 689,415   676,945 Other intangible assets 103,425   105,374 Deferred income taxes 18,503   20,862 Operating lease assets 61,154   58,422 Other assets 36,805   25,243 Total$1,831,951  $1,734,253 LIABILITIES AND STOCKHOLDERS’ EQUITY   Current liabilities:   Accounts payable$108,454  $105,028 Accrued compensation and benefits 92,253   92,657 Taxes, other than income taxes 22,308   21,537 Accrued income taxes 4,787   5,547 Current operating lease liabilities 16,382   15,234 Other current liabilities 93,620   90,329 Total current liabilities 337,804   330,332 Long-term debt 26,857   99,766 Long-term operating lease liabilities 45,270   43,565 Other liabilities 78,035   68,379 Total liabilities 487,966   542,042 Stockholders’ equity:   Common stock:   Class A nonvoting common stock—Issued 51,261,487 shares, and outstanding 43,650,910 and 43,530,012 shares, respectively 513   513 Class B voting common stock—Issued and outstanding, 3,538,628 shares 35   35 Additional paid-in capital 363,578   359,269 Retained earnings 1,442,868   1,317,739 Treasury stock—7,610,577 and 7,731,475 shares, respectively, of Class A nonvoting common stock, at cost (393,992)  (393,186)Accumulated other comprehensive loss (69,017)  (92,159)Total stockholders’ equity 1,343,985   1,192,211 Total$1,831,951  $1,734,253      BRADY CORPORATION AND SUBSIDIARIES   CONSOLIDATED STATEMENTS OF CASH FLOWS   (Unaudited; Dollars in thousands)    Nine months ended April 30,  2026   2025 Operating activities:   Net income$159,787  $139,380 Adjustments to reconcile net income to net cash provided by operating activities:   Depreciation and amortization 33,549   30,279 Stock-based compensation expense 11,605   9,762 Deferred income taxes 9,506   (6,038)Other (4,857)  (181)Changes in operating assets and liabilities:   Accounts receivable (28,102)  (6,869)Inventories (12,970)  (8,209)Prepaid expenses and other assets (1,098)  (3,754)Accounts payable and accrued liabilities (1,638)  (26,415)Income taxes (883)  (5,081)   Net cash provided by operating activities 164,899   122,874     Investing activities:   Purchases of property, plant and equipment (32,994)  (18,685)Acquisition of businesses, net of cash acquired (17,416)  (147,248)Other 6,848   854    Net cash used in investing activities (43,562)  (165,079)    Financing activities:   Payment of dividends (34,658)  (34,237)Proceeds from exercise of stock options 9,168   5,759 Payments for employee taxes withheld from stock-based awards (3,406)  (2,518)Purchase of treasury stock (14,130)  (33,155)Proceeds from borrowing on credit agreement 73,500   206,249 Repayment of borrowing on credit agreement (146,409)  (194,365)Other (9,534)  190    Net cash used in financing activities (125,469)  (52,077)    Effect of exchange rate changes on cash and cash equivalents 5,274   (3,682)    Net increase (decrease) in cash and cash equivalents 1,142   (97,964)Cash and cash equivalents, beginning of period 174,349   250,118     Cash and cash equivalents, end of period$175,491  $152,154      BRADY CORPORATION AND SUBSIDIARIES
SEGMENT INFORMATION
(Unaudited; Dollars in thousands)
         Three months ended April 30, Nine months ended April 30,  2026   2025   2026   2025 NET SALES       Americas & Asia$290,055  $253,652  $810,552  $732,926 Europe & Australia 145,182   128,938   414,109   383,404 Total$435,237  $382,590  $1,224,661  $1,116,330         SALES INFORMATION       Americas & Asia       Organic 10.1%  5.4%  6.0%  5.0%Acquisitions 3.1%  8.6%  3.9%  7.9%Currency 1.2%  (1.1)%  0.7%  (1.0)%Divestiture —%  —%  —%  (0.5)%Total 14.4%  12.9%  10.6%  11.4%Europe & Australia       Organic 4.5%  (5.4)%  0.9%  (1.9)%Acquisitions —%  14.2%  —%  14.8%Currency 8.1%  (0.1)%  7.1%  (0.1)%Total 12.6%  8.7%  8.0%  12.8%Total Company       Organic 8.2%  1.6%  4.3%  2.6%Acquisitions 2.1%  10.5%  2.5%  10.2%Currency 3.5%  (0.7)%  2.9%  (0.5)%Divestiture —%  —%  —%  (0.4)%Total 13.8%  11.4%  9.7%  11.9%        SEGMENT PROFIT       Americas & Asia$68,730  $57,164  $182,344  $158,148 Europe & Australia 21,470   17,478   55,624   41,872 Total segment profit$90,200  $74,642  $237,968  $200,020 SEGMENT PROFIT AS A PERCENT OF NET SALES       Americas & Asia 23.7%  22.5%  22.5%  21.6%Europe & Australia 14.8%  13.6%  13.4%  10.9%Total 20.7%  19.5%  19.4%  17.9%                 Three months ended April 30, Nine months ended April 30,  2026   2025   2026   2025 Total segment profit$90,200  $74,642  $237,968  $200,020 Unallocated amounts:       Administrative costs (16,994)  (7,452)  (34,600)  (22,674)Investment and other income (expense) 1,431   (509)  3,948   2,850 Interest expense (1,269)  (936)  (3,467)  (3,604)Income before income taxes$73,368  $65,745  $203,849  $176,592          GAAP to NON-GAAP MEASURES
(Unaudited; Dollars in Thousands, Except Per Share Amounts)          In accordance with the U.S. Securities and Exchange Commission’s Regulation G, the following provides definitions of the non-GAAP measures used in the earnings release and the reconciliation to the most closely related GAAP measure.          Adjusted Income Before Income Taxes:    Brady is presenting the non-GAAP measure, “Adjusted Income Before Income Taxes.” This is not a calculation based upon GAAP. The amounts included in this non-GAAP measure are derived from amounts included in the Consolidated Financial Statements and supporting footnote disclosures. We do not view these items to be part of our ongoing results. We believe this profit measure provides an important perspective of underlying business trends and results and provides a more comparable measure from year to year. The table below provides a reconciliation of the GAAP measure of Income before income taxes to the non-GAAP measure of Adjusted Income Before Income Taxes:             Three months ended April 30, Nine months ended April 30,    2026  2025  2026  2025Income before income taxes$73,368 $65,745 $203,849 $176,592 Amortization expense  5,255  4,754  15,768  14,138 Non-recurring acquisition-related costs and other related expenses  13,506  -  13,506  5,059 Facility closure and other reorganization costs  -  3,930  -  9,584Adjusted Income Before Income Taxes (non-GAAP measure)$92,129 $74,429 $233,123 $205,373                    Adjusted Income Tax Expense:    Brady is presenting the non-GAAP measure, “Adjusted Income Tax Expense.” This is not a calculation based upon GAAP. The amounts included in this non-GAAP measure are derived from amounts included in the Consolidated Financial Statements and supporting footnote disclosures. We do not view these items to be part of our ongoing results. We believe this measure provides an important perspective of underlying business trends and results and provides a more comparable measure from year to year. The table below provides a reconciliation of the GAAP measure of Income tax expense to the non-GAAP measure of Adjusted Income Tax Expense:             Three months ended April 30, Nine months ended April 30,    2026  2025  2026  2025Income tax expense (GAAP measure)$15,568 $13,482 $44,062 $37,212 Amortization expense  1,267  1,144  3,803  3,402 Non-recurring acquisition-related costs and other related expenses  3,376  -  3,376  1,265 Facility closure and other reorganization costs  -  983  -  2,396Adjusted Income Tax Expense (non-GAAP measure)$20,211 $15,609 $51,241 $44,275                    Adjusted Net Income:    Brady is presenting the non-GAAP measure, “Adjusted Net Income.” This is not a calculation based upon GAAP. The amounts included in this non-GAAP measure are derived from amounts included in the Consolidated Financial Statements and supporting footnote disclosures. We do not view these items to be part of our ongoing results. We believe this measure provides an important perspective of underlying business trends and results and provides a more comparable measure from year to year. The table below provides a reconciliation of the GAAP measure of Net income to the non-GAAP measure of Adjusted Net Income:             Three months ended April 30, Nine months ended April 30,    2026  2025  2026  2025Net income (GAAP measure)$57,800 $52,263 $159,787 $139,380 Amortization expense  3,988  3,610  11,965  10,736 Non-recurring acquisition-related costs and other related expenses  10,130  -  10,130  3,794 Facility closure and other reorganization costs  -  2,947  -  7,188Adjusted Net Income (non-GAAP measure)$71,918 $58,820 $181,882 $161,098                    Adjusted Diluted EPS:    Brady is presenting the non-GAAP measure, “Adjusted Diluted EPS.” This is not a calculation based upon GAAP. The amounts included in this non-GAAP measure are derived from amounts included in the Consolidated Financial Statements. We do not view these items to be part of our ongoing results. We believe this measure provides an important perspective of underlying business trends and results and provides a more comparable measure from year to year. The table below provides a reconciliation of the GAAP measure of Net income per Class A Nonvoting Common Share to the non-GAAP measure of Adjusted Diluted EPS (Note that certain amounts will not foot due to rounding):             Three months ended April 30, Nine months ended April 30,    2026  2025  2026  2025Net income per Class A Nonvoting Common Share (GAAP measure)$1.21 $1.09 $3.35 $2.89 Amortization expense  0.08  0.08  0.25  0.22 Non-recurring acquisition-related costs and other related expenses  0.21  -  0.21  0.08 Facility closure and other reorganization costs  -  0.06  -  0.15Adjusted Diluted EPS (non-GAAP measure)$1.50 $1.22 $3.81 $3.34                    Adjusted Dilued EPS Guidance:     Fiscal 2026 Expectations       Low HighEarnings per diluted Class A Common Share (GAAP measure)     $4.66 $4.76 Amortization expense      0.33  0.33 Non-recurring acquisition-related costs and other related expenses      0.21  0.21Adjusted Diluted EPS (non-GAAP measure)     $5.20 $5.30 For More Information:
Investor contact: Ann Thornton 414-438-6887
Media contact: Kate Venne 414-358-5176

Brady NYSE: BRC reported what Chief Executive Officer Russell Shaller called a “fantastic quarter,” as the identification and safety products company posted record adjusted earnings per share and broad-based organic sales growth in its fiscal 2026 third quarter.

The company reported adjusted diluted earnings per share of $1.50, up 23% from $1.22 in the same quarter last year and a new quarterly record. GAAP diluted earnings per share rose to $1.21 from $1.09. Net income increased 10.6% to $57.8 million, while adjusted net income rose 22.3% to $71.9 million.

Organic sales grew 8.2% in the quarter, with total sales growth of 13.8% after including contributions from acquisitions and foreign currency translation. Chief Financial Officer Ann Thornton said the results reflected “strong organic sales growth, improved gross profit margin, efficiencies throughout SG&A, and growth in operating income throughout our global businesses.”

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Sales Growth Led by Both Regions Brady said both of its operating regions contributed to the quarter’s organic growth. The Americas and Asia region grew organic sales 10.1%, while Europe and Australia grew 4.5% organically.

In Americas and Asia, sales reached a record $290.1 million, up 14.4% on a reported basis. Shaller said Brady grew sales in all key product lines in the region, with particular strength in wire identification. Wire ID represents 20% of revenue in Americas and Asia, and sales in that product line increased 19% during the quarter.

Shaller said data centers are making a “meaningful impact” on growth in wire identification. He also cited strong sales of portable, benchtop and automated printer units, which supported growth across wire identification, product identification and safety and facility identification.

In Europe and Australia, total sales rose 12.6% to $145.2 million, aided by an 8.1% benefit from foreign currency translation. Shaller said the region returned to growth despite a weak manufacturing environment in Europe and conflict in the Middle East. Wire ID represents 13% of sales in Europe and Australia and grew 13% in the quarter.

Margins and Cash Flow Improve Gross profit margin improved to 51.8% from 51.0% in the prior-year quarter. Thornton said the improvement reflected cost reduction actions taken last year, including the closure of manufacturing facilities in Beijing, China, and Buffalo, New York, as well as sales growth led by highly engineered products.

SG&A expense was $128.7 million, compared with $108.7 million a year earlier. As a percentage of sales, SG&A increased to 29.6% from 28.4%. Excluding amortization, acquisition-related expenses and certain prior-year reorganization costs, however, SG&A declined to 25.3% of sales from 26.5%.

Brady continued to increase research and development spending. R&D expense was $23.5 million, or 5.4% of sales, compared with $19.2 million, or 5.0% of sales, in the prior-year quarter. Thornton said printer unit sales increased nearly 8% year over year, adding that consumable revenue is expected to follow printer placements.

Operating cash flow increased 30.7% to $78.2 million, while free cash flow rose 20.8% to $67.2 million. Year to date, operating cash flow was up nearly 35%. Brady ended the quarter with a net cash position of $148.6 million, which Thornton said was more than triple the company’s net cash position a year earlier.

Guidance Raised for Fiscal 2026 Brady raised its full-year adjusted EPS guidance to a range of $5.20 to $5.30, up from its previous range of $4.95 to $5.15. The company said the new adjusted EPS outlook implies growth of 13% to 15.2% compared with fiscal 2025.

The company also updated its GAAP EPS guidance to a range of $4.66 to $4.76, compared with the prior range of $4.62 to $4.82. Brady continues to expect organic sales growth in the mid-single-digit percentage range for the fiscal year ending July 31, 2026.

Other guidance assumptions include depreciation and amortization expense of approximately $44 million, capital expenditures of approximately $45 million and a full-year income tax rate of about 21%. Thornton said potential risks include a stronger U.S. dollar, inflationary pressures the company cannot offset quickly enough and a broader slowdown in economic activity.

Honeywell PSS Acquisition in Focus Brady also discussed its previously announced agreement to acquire Honeywell’s Productivity Solutions and Services, or PSS, business. Shaller said the transaction would more than double the markets Brady can serve and add enterprise-level workforce productivity as a “critical third pillar” to the company’s customer offering.

Shaller said the combination would bring together Brady’s durable labels, printers, software and specialty adhesive materials with PSS’s mobility and scanning solutions. He said Brady intends to preserve PSS’s customer and channel partner relationships and continue investing in R&D and software offerings, including operational intelligence, voice and SwiftDecoder.

Brady said PSS sales declined by just under 2% in calendar 2025 compared with calendar 2024, then grew nearly 5% in the first quarter of calendar 2026. Shaller said Brady expects the acquired business to add approximately $0.80 of adjusted EPS accretion in the first year after closing, excluding synergies. He said the company’s best estimate for closing remains Aug. 1, pending regulatory filings and other external factors.

Thornton said Brady plans to finance the acquisition with $500 million of Term Loan A bank debt and $800 million of private placement debt, with an expected interest rate below 6%. She said the company expects net leverage of approximately 2.0 to 2.5 times at closing and expects to delever below 2 times within two years.

Executives Address Data Centers, New Printer and Board Resignations During the question-and-answer session, Shaller said data center-related demand remains a tailwind, particularly for wire identification. He said Brady is not seeing acceleration or deceleration from current trends, but views the pace of data center construction as supportive of multi-year demand rather than a short-term surge.

Asked about the i4311 portable 4-inch printer launched in February, Shaller said it is performing about 50% above the company’s normal expectations for a printer launch. He described the product as “new to the world” and said it allows users to print larger-format thermal transfer labels without returning to a printer station.

Shaller also addressed recent board resignations, saying the optics were “awful” but attributing the departures to the significantly increased time commitment required by the Honeywell transaction. He said all board members present for the acquisition vote supported the deal and that there was “no dissent.”

“We reported an excellent quarter,” Shaller said in closing, adding that Brady’s investments in R&D are paying off and that the company finished the quarter with momentum.

About Brady NYSE: BRCBrady Corporation is a global provider of identification and safety solutions, specializing in the design, manufacture and sale of products that help businesses improve safety, security and efficiency. The company offers an array of durable labels, signs, safety devices, printing systems and software platforms tailored to a wide range of industrial and commercial environments.

Founded in 1914 by William H. Brady, Brady Corporation has grown from a regional marker manufacturer into a diversified global enterprise.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].

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Brady Corporation (BRC) Q3 2026 Earnings Call Transcript

The CNN Money Fear and Greed index showed a decline in the overall market sentiment, while the index remained in the “Greed” zone on Monday.

U.S. stocks settled mixed on Monday, with the S&P 500 and Nasdaq Composite falling during the session amid declines in tech stocks.

President Donald Trump struck an uncompromising tone on Iran, posting that the conflict would end only when Tehran issued "Documents of Surrender" and "admit their defeat to the great power and force of the magnificent U.S.A."

In earnings, Brady Corp. (NYSE:BRC) reported upbeat first-quarter earnings on Monday.

On the economic data front, the NAHB/Wells Fargo Housing Market Index climbed to 37 in May from 34 in April. The New York Fed’s Services Business Activity Index rose 8.2 points to a reading of -5.8 in May.

Most sectors on the S&P 500 closed on a positive note, with energy, financial and consumer staples stocks recording the biggest gains on Monday. However, information technology and industrials stocks closed the session lower.

The Dow Jones closed higher by around 160 points to 49,686.12 on Monday. The S&P 500 fell 0.07% to 7,403.05, while the Nasdaq Composite dipped 0.51% at 26,090.73 during Monday's session.

What Is CNN Business Fear & Greed Index?At a current reading of 61.8, the index remained in the “Greed” zone on Monday, versus a prior reading of 63.

The Fear & Greed Index is a measure of the current market sentiment. It is based on the premise that higher fear exerts pressure on stock prices, while higher greed has the opposite effect. The index is calculated based on seven equal-weighted indicators. The index ranges from 0 to 100, where 0 represents maximum fear and 100 signals maximum greediness.

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May 19, 2026 18:10 ET  | Source: Brady Corporation

MILWAUKEE, May 19, 2026 (GLOBE NEWSWIRE) -- On May 19, 2026, Brady Corporation’s (NYSE: BRC) Board of Directors declared a dividend to shareholders of the company’s Class A Common Stock of $0.245 per share, payable on July 31, 2026, to shareholders of record at the close of business on July 10, 2026.

Brady Corporation is an international manufacturer and marketer of complete solutions that identify and protect people, products and places. Brady’s products help customers increase safety, security, productivity and performance and include high-performance labels, signs, safety devices, printing systems and software. Founded in 1914, the Company has a diverse customer base in electronics, telecommunications, manufacturing, electrical, construction, medical, aerospace and a variety of other industries. Brady is headquartered in Milwaukee, Wisconsin and as of July 31, 2025, employed approximately 6,400 people in its worldwide businesses. Brady’s fiscal 2025 sales were approximately $1.51 billion. Brady stock trades on the New York Stock Exchange under the symbol BRC. More information is available on the Internet at www.bradyid.com.

For More Information Contact:
Investor Contact: Ann Thornton (414) 438-6887
Media Contact: Kate Venne (414) 438-5176

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Sourced from organic Vietnamese coconuts, Good Nut delivers clean, refreshing hydration in three innovative flavors, including the first certified organic chocolate coconut water on the market

PHILADELPHIA--(BUSINESS WIRE)--Seven-time World Champion, entrepreneur, and philanthropist Tom Brady is bringing his relentless pursuit of peak performance to the beverage aisle. As the latest expansion of his partnership with Gopuff, the leader in instant commerce, Brady today announced the launch of Good Nut, a premium line of organic coconut water designed for those who refuse to compromise on quality or taste, available exclusively on Gopuff.

Gopuff and Tom Brady launch Good Nut, a premium line of organic coconut water designed for those who refuse to compromise on quality or taste. Now available exclusively on Gopuff.

Share “Hydration has always been a big part of my routine, and while coconut water has been a staple for me, I knew we could take it to a completely different level by teaming up with Gopuff,” said Tom Brady. “With Good Nut, we focused on keeping the ingredients simple and clean, making sure it’s exactly what I’d want in my own fridge.”

As consumers continue to seek less processed, lower-sugar beverages, the global market for coconut water is expected to reach $11 billion by 2030. This demand is also evident with Gopuff customers as coconut water sales have surged 115% year-over-year on the platform.

Capitalizing on this shift, Good Nut offers a premium alternative to over-processed sports drinks. Sourced from organic Vietnamese coconuts and with no added sugars, Good Nut delivers a clean, refreshing hydration experience in a sleek 11.8 oz can. True to Brady’s disciplined approach to nutrition, the entire line contains no added sweeteners and nothing artificial. Good Nut is available in three delicious flavors, including:

Original Coconut Water: Made from handpicked Vietnamese coconuts, refined for flavor, texture, and refreshment down to the last sip. It’s the perfect, clean coconut water. Chocolate Coconut Water: Move over, chocolate milk. Made with only three, simple ingredients, and no added sugars, Good Nut Chocolate Coconut Water is rich and creamy, even without the dairy. It’s the first and only certified organic chocolate coconut water on the market. Sparkling Coconut Water: Brighter, bubblier and refreshing in a way plain water never could be. “Good Nut started with Tom telling us about how much he loves drinking chocolate coconut water,” said Tyler Stewart, Head of Marketing at Gopuff. “We quickly realized there was an opportunity to shake up the category with a product that tastes incredible, uses great ingredients, and has a bold brand that gets people talking. Blending premium products with brands that are playful, unexpected, and don’t take themselves too seriously has become a huge part of how we build together with Tom. Whether it’s GOAT Gummies, our lobbying campaign with Super Monday Off, or now Good Nut, we’re always trying to give our customers and fans more of what they want, and of course entertain them a little along the way.”

To kick off the launch, Brady leans into Good Nut’s unconventional name with a new brand video. Throughout the video, Brady delivers a polished pitch highlighting the quality and benefits of the product, yet he consistently stops short of naming it. The punchline, of course, is the name he refuses to say: Good Nut. Watch it here!

Whether recovering from a workout or looking for a clean afternoon pick-me-up, Gopuff ensures that fans and health-conscious consumers can get Good Nut’s elite-level hydration delivered in as fast as 15 minutes. Beginning today, Good Nut is available exclusively on Gopuff for $3.29 per can, with discounted pricing of $2.96 per can available to FAM members.

Gopuff was built to bring the world’s best products to your door in minutes, but it has evolved into a platform where some of those products are born. The company has established itself as the go-to launchpad and growth engine for emerging talent-led brands, including Tom Brady’s GOAT Gummies, Selena Gomez’s co-branded Serendipity ice cream bars, Giannis Antetokounmpo's FR34K Gummies, a limited-edition Halloween chocolate bar with Alix Earle, and more. With nationwide infrastructure, control over its inventory, and a model built for speed, Gopuff connects fans with their favorite brands in minutes.

About Gopuff

Gopuff, the leader in instant commerce, offers more than 5,000 products delivered in as fast as 15 minutes. Founded in 2013 by Yakir Gola and Rafael Ilishayev, the company operates its own micro-fulfillment centers, leveraging proprietary technology and a hyper-local logistics network to offer speed, reliability, and affordability to millions of customers across the U.S. and U.K.

To learn more, visit www.gopuff.com or follow Gopuff on Facebook, X or Instagram. Download the Gopuff app on iOS and Android.

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