BRADY CORPORATION (NYSE:BRC) Files An 8-K Results of Operations and Financial Condition
RESULTS OF OPERATIONS AND FINANCIAL CONDITION
On February 21, 2019, Brady Corporation (the “Company”) issued a press release announcing its fiscal 2019 second 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.
REGULATION FD DISCLOSURE
On February 21, 2019, the Company hosted a conference call related to its fiscal 2019 second 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.
FINANCIAL STATEMENTS AND EXHIBITS
BRADY CORP Exhibit
EX-99.1 2 exhibit991-financialsx2019.htm SECOND QUARTER FISCAL 2019 PRESS RELEASE Exhibit EXHIBIT 99.1For More Information:Investor contact: Ann Thornton 414-438-6887Media contact: Kate Venne 414-358-5176Brady Corporation Reports Fiscal 2019 Second Quarter Results and Increases its Fiscal 2019 EPS Guidance•Organic revenues increased 2.3 percent in the second quarter of fiscal 2019.•Earnings before income taxes increased 4.8 percent to $36.7 million in the second quarter of fiscal 2019 compared to $35.0 million in the same quarter of the prior year.•Earnings per diluted Class A Nonvoting Common Share were $0.55 in the second quarter of fiscal 2019 compared to $0.08 in the same quarter of the prior year. Results in the same quarter of the prior year were reduced by approximately $0.40 due to income tax charges primarily related to U.S. tax legislation that was enacted in December 2017.•Diluted EPS guidance for the full year ending July 31,…
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About 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.