NYSE$BRC

Brady Corporation · Q2 2023 earnings

Q2 2023 earnings · · Investor relations

Briefing

Brady's financial data was recast to reflect the company's regional operating structure.

Brady Corporation announced a recast of its historical financial data for fiscal years 2021, 2022, and the first two quarters of fiscal 2023 to reflect the new operating segments: Americas & Asia and Europe & Australia.

  • The recast reflects a shift to a regional operating structure effective in Q3 2023.
  • The change aims to integrate businesses and support growth through optimized go-to-market strategies.
  • The company anticipates an improvement of $0.10 to $0.20 in Earnings per diluted Class A Common Share beginning primarily in fiscal 2024.
  • One-time charges from employee severance are expected to be largely offset by reduced costs in fiscal 2023.

Headline financials

Total Revenue

$326M

Previous: $318M+2.6%
EPS (adj)

$0.81

Previous: $0.70+15.7%
Acquisition Sales Growth

0.0%

Previous: 8.6%-100.0%
Organic Sales Growth

6.3%

Previous: 13.1%-51.9%
Capital Expenditures

-$8.17M

Previous: -$16.4M+50.3%
Free Cash Flow

$29.8M

Previous: $17.4M+71.6%
Net Income

$38M

Previous: $33.8M+12.3%
Operating Income

$48.8M

Previous: $42.9M+13.8%
Gross Profit

$156M

Previous: $149M+4.7%
Cash & Equivalents

$108M

Previous: $147M-26.6%
Total Assets

$1.37B

Previous: $1.39B-1.1%

Revenue & EPS history

Brady · Revenue · Quarterly

$326M

Q2 2023+2.6%vs Q2 2022
Beat estimate in 8 of 14 quarters(57%)
ActualEstimate

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 2023

Historical avgQ2 2023

+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

Earnings price reactions
QuarterReport dateReaction (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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