NYSE$BRC
Brady Corporation · Q2 2022 earnings
Q2 2022 earnings · · Investor relations
Briefing
Brady's financial performance was solid, marked by strong revenue growth and increased earnings per share.
Brady Corporation reported a strong second quarter in fiscal year 2022, with a 19.6% increase in sales and a 10.2% increase in diluted EPS. The company's Identification Solutions division drove much of the sales growth, while the Workplace Safety business also returned to organic sales growth. Brady is managing inflationary pressures and expects continued growth and improved profitability.
- Sales for the quarter increased 19.6 percent, driven by organic sales growth and acquisitions.
- Income before income taxes increased 6.7 percent compared to the same quarter last year.
- Diluted EPS increased 10.2 percent compared to the same quarter of the prior year.
- The company is managing inflation in wages, freight, utilities, and raw materials, expecting it to pressure gross profit margins in the short-term.
Headline financials
Revenue & EPS history
Brady · Revenue · Quarterly
$318M
Forward guidance
Brady is modifying its Diluted EPS Excluding Amortization guidance from a range of $3.12 to $3.32 per share to a range of $3.00 to $3.15 for the full year ending July 31, 2022.
Tailwinds
- Expect Diluted EPS Excluding Amortization to improve by 9% to 15% for the full year ending July 31, 2022 when compared to the adjusted fiscal 2021 diluted earnings per share of $2.75.
- Full-year income tax rate of approximately 20 percent.
- Depreciation and amortization expense ranging from $34 million to $36 million.
- Capital expenditures, excluding facility purchases are expected to range from $20 million to $25 million during the year ending July 31, 2022.
- The Company’s fiscal 2022 guidance is based on foreign currency exchange rates as of January 31, 2022 and assumes continued economic growth.
Headwinds
- Inflationary forces compressed Brady’s gross profit margin during this period.
- Expect these cost pressures to continue for at least the short-term before price increases and efficiency actions can fully offset these inflationary forces.
- Reduction of $0.05 due to the strengthening of the U.S. dollar versus other major currencies.
- Unknown economic outlook
- Unspecified risks
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q2 2022
+1.1%
Avg return
Earnings day
+1.2%
Avg return
5 days after
-0.4%
Avg return
30 days after
55%
36 / 66 earnings
Positive
+18.2%
Q1 2016
Best reaction
-9.3%
Q4 2015
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q3 2026 | -0.1% | +23.0% | +17.6% | |
| Q2 2026 | -2.0% | -2.4% | -15.1% | |
| Q1 2026 | -1.9% | +3.8% | +8.8% | |
| Q4 2025 | +6.8% | +1.1% | +0.5% | |
| Q3 2025 | -5.7% | -8.0% | -10.9% | |
| Q2 2025 | -6.8% | -1.9% | -5.4% | |
| Q1 2025 | -6.2% | -1.9% | -0.6% | |
| Q4 2024 | +1.2% | +1.0% | +4.0% | |
| Q3 2024 | +12.8% | +13.1% | +9.8% | |
| Q2 2024 | -7.5% | -8.1% | -6.3% | |
| Q1 2024 | +0.4% | -1.2% | +7.6% | |
| Q4 2023 | +9.3% | +8.9% | +9.0% | |
| Q3 2023 | +2.1% | -3.4% | -4.5% | |
| Q2 2023 | +4.1% | +5.7% | -0.5% | |
| Q1 2023 | -0.1% | +0.1% | -5.0% | |
| Q4 2022 | -2.1% | -7.6% | -10.3% | |
| Q3 2022 | +9.0% | +5.8% | +0.9% | |
| Q2 2022 | -7.4% | -9.1% | -7.3% | |
| Q1 2022 | -6.3% | -4.1% | -2.0% | |
| Q4 2021 | -3.2% | -4.2% | -5.2% | |
| Q3 2021 | +2.3% | +2.0% | +0.2% | |
| Q2 2021 | -1.0% | +2.3% | +7.0% | |
| Q1 2021 | -1.0% | +0.2% | +5.6% | |
| Q4 2020 | -8.0% | -13.9% | -9.2% | |
| Q3 2020 | +5.0% | +8.8% | +1.4% | |
| Q2 2020 | -1.1% | -2.9% | -25.8% | |
| Q1 2020 | +3.5% | +6.5% | +4.0% | |
| Q4 2019 | +7.4% | +12.4% | +6.5% | |
| Q3 2019 | +1.4% | +2.2% | +4.0% | |
| Q2 2019 | +1.7% | +0.8% | -4.4% | |
| Q1 2019 | +2.6% | +0.1% | -2.0% | |
| Q4 2018 | +11.8% | +6.7% | -3.8% | |
| Q3 2018 | +0.0% | +2.1% | +2.4% | |
| Q2 2018 | +1.4% | -0.8% | -4.1% | |
| Q1 2018 | +2.1% | +3.3% | +3.7% | |
| Q4 2017 | +8.3% | +9.8% | +16.1% | |
| Q3 2017 | -0.3% | -3.2% | -7.9% | |
| Q2 2017 | -0.8% | -3.2% | -3.0% | |
| Q1 2017 | -0.5% | +0.7% | +2.6% | |
| Q4 2016 | +5.0% | +3.4% | +4.6% | |
| Q3 2016 | +15.9% | — | — | |
| Q2 2016 | +15.4% | — | — | |
| Q1 2016 | +18.2% | — | — | |
| Q4 2015 | -9.3% | — | — | |
| Q3 2015 | -4.0% | — | — | |
| Q2 2015 | -4.7% | — | — | |
| Q1 2015 | +5.2% | — | — | |
| Q4 2014 | -0.2% | — | — | |
| Q3 2014 | +3.2% | — | — | |
| Q2 2014 | -3.4% | — | — | |
| Q1 2014 | +1.2% | — | — | |
| Q4 2013 | +1.0% | — | — | |
| Q3 2013 | +0.7% | — | — | |
| Q2 2013 | +0.6% | — | — | |
| Q1 2013 | +0.4% | — | — | |
| Q4 2012 | +0.4% | — | — | |
| Q3 2012 | +3.6% | — | — | |
| Q2 2012 | +3.2% | — | — | |
| Q1 2012 | -3.1% | — | — | |
| Q4 2011 | -3.6% | — | — | |
| Q3 2011 | -1.8% | — | — | |
| Q2 2011 | +2.6% | — | — | |
| Q1 2010 | +1.7% | — | — | |
| Q4 2010 | -0.3% | — | — | |
| Q3 2010 | -8.6% | — | — | |
| Q2 2009 | +2.8% | — | — |
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