NYSE$BRC

Brady Corporation · Q4 2024 earnings

Q4 2024 earnings · · Investor relations

Briefing

Reported record EPS and expanded share buyback program

Brady Corporation reported a decrease in sales by 0.7 percent, but achieved a record high EPS of $1.15 in Q4 2024. The company's board authorized an additional $100 million for share repurchases and announced its fiscal 2025 EPS guidance.

  • Diluted EPS increased 15.0 percent to a record high of $1.15.
  • Gross profit margin increased to 51.6 percent.
  • Board of Directors authorized an additional $100 million for share repurchase.
  • Sales decreased 0.7 percent, with organic sales growth of 1.6 percent offset by foreign currency and divestitures.

Headline financials

Total Revenue

$343M

Previous: $346M-0.7%
EPS (adj)

$1.19

Previous: $1.04+14.4%
Organic Sales Growth

1.6%

Previous: 6.9%-76.8%
Capital Expenditures

-$10.7M

No prior period
Net Income

$55.5M

Previous: $49.4M+12.3%
Operating Income

$66.2M

Previous: $62M+6.7%
Gross Profit

$177M

Previous: $176M+0.7%
R&D Expense

$17.5M

No prior period

Revenue & EPS history

Brady · Revenue · Quarterly

$343M

Q4 2024-0.7%vs Q4 2023
Beat estimate in 8 of 14 quarters(57%)
ActualEstimate

Forward guidance

The Company expects GAAP earnings per diluted Class A Nonvoting Common Share to range from $4.15 to $4.45 and Diluted EPS Excluding Certain Items* to range from $4.40 to $4.70 for the year ending July 31, 2024.

Tailwinds

  • GAAP earnings per diluted Class A Nonvoting Common Share to range from $4.15 to $4.45, which would be an increase of 2.0 percent to 9.3 percent over GAAP earnings per diluted Class A Nonvoting Common Share of $4.07 for the year ended July 31, 2024.
  • Diluted EPS Excluding Certain Items* to range from $4.40 to $4.70 for the year ending July 31, 2024, which would be an increase of 4.3 percent to 11.4 percent over Diluted EPS Excluding Certain Items* of $4.22 for the year ended July 31, 2024.
  • Full-year income tax rate of approximately 20 percent.
  • Depreciation and amortization expense ranging from $38 million to $40 million.
  • Capital expenditures are expected to approximate $35 million.

Headwinds

  • Guidance is based upon foreign currency exchange rates as of July 31, 2024.
  • Guidance assumes continued economic growth.
  • Increased cost of raw materials and labor.
  • Material shortages and supply chain disruptions.
  • Decreased demand for our products.

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 Q4 2024

Historical avgQ4 2024

+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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