Brady Corp. (BRC) Reports In-Line Q3 EPS, Updates Guidance

Brady Corp. (NYSE: BRC) reported Q3 EPS of $0.43, in-line with the analyst estimate of $0.43. Revenue for the quarter came in at $275.93 million versus the consensus estimate of $279.39 million.

GUIDANCE:

Brady Corp. sees FY2017 EPS of $1.80-$1.85, versus the consensus of $1.81.

• The Company is tightening its earnings per diluted Class A Common Share guidance from a range of $1.75 to $1.85 to a range of $1.80 to $1.85 for the full year ending July 31, 2017. Included in this guidance are organic sales ranging from a low single-digit decline to slightly positive growth for the year ending July 31, 2017. Offsetting this challenging revenue environment are ongoing efficiency gains in the Company’s manufacturing facilities and selling, general, and administrative expenses. This guidance is based upon foreign currency exchange rates as of April 30, 2017, a full-year income tax rate in the mid-20 percent range, depreciation and amortization expense of $28 million, and capital expenditures approximating $17 million.

For earnings history and earnings-related data on Brady Corp. (BRC) click here.

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