BRADY CORPORATION (NYSE:BRC) Files An 8-K Results of Operations and Financial Condition
Item 2.02
BRADY CORPORATION (NYSE:BRC) Files An 8-K Results of Operations and Financial Condition
Home SEC Filings BRADY CORPORATION (NYSE:BRC) Files An 8-K Results of Operations and Financial Condition
On November 21, 2019, Brady Corporation (the “Company”) issued a press release announcing its fiscal 2020 first quarter financial results. A copy of the press release is being furnished to the Securities and Exchange Commission as Exhibit 99.1 attached hereto and is incorporated herein by reference.
On November 20, 2019, at the Company’s Annual Shareholders’ Meeting, the holders of all of the 3,538,628 shares of the Company’s Class B Common Stock voted unanimously in favor of electing the following persons to serve as the Company’s directors until the next annual meeting of shareholders and until their successors have been elected:
Patrick W. Allender
Gary S. Balkema
David S. Bem
Elizabeth P. Bruno
Nancy L. Gioia
Conrad G. Goodkind
Frank W. Harris
J. Michael Nauman
Bradley C. Richardson
Michelle E. Williams
On November 21, 2019, the Company hosted a conference call related to its fiscal 2020 first quarter financial results. A copy of the slides referenced in the conference call, which is also posted on the Corporation’s website, is being furnished to the Securities and Exchange Commission as Exhibit 99.2 attached hereto and is incorporated herein by reference.
(d) Exhibits
BRADY CORP Exhibit
EX-99.1 2 exhibit991pressrelease1031.htm FIRST QUARTER FISCAL 2020 PRESS RELEASE Exhibit EXHIBIT 99.1For More Information:Investor contact: Ann Thornton 414-438-6887Media contact: Kate Venne 414-358-5176Brady Corporation Reports Fiscal 2020 First Quarter Results and Increases its Fiscal 2020 EPS Guidance•Income before income taxes increased 4.2 percent to $41.6 million in the first quarter of fiscal 2020 compared to $39.9 million in the same quarter of the prior year.•Diluted EPS increased 20.7 percent to $0.70 in the first quarter of fiscal 2020 compared to $0.58 in the same quarter of the prior year. Diluted EPS in the first quarter of fiscal 2020 was impacted by a reduced income tax rate of 9.8 percent primarily due to a favorable tax audit settlement and tax benefits from equity-based compensation.•Sales for the quarter decreased 2.1 percent. Organic sales decreased 0.4 percent and the impact of foreign currency translation decreased sales by 1.7 percent.•Diluted EPS guidance for the full year ending July 31,…
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EX-99.1 2 exhibit991pressrelease1031.htm FIRST QUARTER FISCAL 2020 PRESS RELEASE Exhibit EXHIBIT 99.1For More Information:Investor contact: Ann Thornton 414-438-6887Media contact: Kate Venne 414-358-5176Brady Corporation Reports Fiscal 2020 First Quarter Results and Increases its Fiscal 2020 EPS Guidance•Income before income taxes increased 4.2 percent to $41.6 million in the first quarter of fiscal 2020 compared to $39.9 million in the same quarter of the prior year.•Diluted EPS increased 20.7 percent to $0.70 in the first quarter of fiscal 2020 compared to $0.58 in the same quarter of the prior year. Diluted EPS in the first quarter of fiscal 2020 was impacted by a reduced income tax rate of 9.8 percent primarily due to a favorable tax audit settlement and tax benefits from equity-based compensation.•Sales for the quarter decreased 2.1 percent. Organic sales decreased 0.4 percent and the impact of foreign currency translation decreased sales by 1.7 percent.•Diluted EPS guidance for the full year ending July 31,…
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hereAbout BRADY CORPORATION (NYSE:BRC)
Brady Corporation is a manufacturer and supplier of identification solutions and workplace safety products that identify and protect premises, products and people. The Company has two segments: Identification Solutions (IDS) and Workplace Safety (WPS). The IDS segment includes identification and healthcare products, and the WPS segment includes workplace safety and compliance products. The IDS segment offers products that are manufactured under various brands, including the Brady brand, and are primarily sold through distribution to a range of maintenance, repair and operations (MRO) and original equipment manufacturing (OEM) customers, and through other channels. The WPS segment offers a range of product categories, such as safety and compliance signs, tags, and labels; informational and architectural signage; industrial warehouse and office equipment, and labor law compliance posters. Its brands include Electromark, Identicard, PromoVision, Scafftag, Seton and Emedco.
