Brady Corporation Reports Fiscal 2019 Third Quarter Results and Increases its Fiscal 2019 EPS Guidance
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Brady Corp. (BRC) Tops Q3 EPS by 9c, Revenues Miss; Raises FY19 EPS Guidance Above Consensus
May 23, 2019 7:05 AM EDTBrady Corp. (NYSE: BRC) reported Q3 EPS of $0.65, $0.09 better than the analyst estimate of $0.56. Revenue for the quarter came in at $289.75 million versus the consensus estimate of $293.68 million.
Diluted EPS increased 32.7 percent to $0.65 in the third quarter of fiscal 2019 compared to $0.49 in the same quarter of the prior year.Income before income taxes increased 10.8 percent to $41.0 million in the third quarter of fiscal 2019 compared to $37.0 million in the third quarter of fiscal 2018.Sales for the quarter ended April 30, 2019 decreased 2.9 percent. Organic revenues increased 2.4 percent in the third quarter of... More