Brady Corp. Boosts FY24 Adj. EPS; Q2 Adj. EPS Meets View
(RTTNews) - While reporting financial results for the second quarter on Thursday, Brady Corp. (BRC) raised its earnings and adjusted earnings guidance for the full-year 2024.
For fiscal 2024, the company now projects earnings in a range of 3.80 to $3.95 per share and adjusted earnings in the range of $3.95 to $4.10 per share.
Previously, the company expected earnings in the range of 3.70 to $3.95 per share and adjusted earnings in the range of $3.85 to $4.10 per share.
On average, analysts polled by Thomson Reuters expect the company to report earnings of $4.07 per share for the year. Analysts' estimates typically exclude special items.
For the second quarter, net income grew to $43.6 million or $0.90 per share, compared to $38.0 million or $0.76 per share in the prior-year quarter. Excluding items, adjusted earnings for the quarter were $0.93 per share, compared to last year's $0.81 per share.
Sales for the quarter decreased 1.1 percent to $322.6 million from $326.2 million in the same quarter last year. Organic sales increased 1.6 percent.
The Street was looking for earnings of $0.93 per share on net sales of $339.44 million for the quarter.
For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com
Brady Enters Exclusive Negotiations To Acquire Gravotech Holding
Brady Corp. Guides FY22 Adj. EPS Above Estimates As Q4 Adj. EPS Tops View
U.S. Consumer Prices Increase In Line With Estimates In August
IEA Cuts Oil Demand Forecast; Canadian Markets Eye Recovery
Canadian Dollar Falls As Oil Prices Edge Lower
Kroger Q2 Profit Rises, Backs FY26 Adj. Earnings View, Cuts Sales Growth Forecast; Stock Drops
UK Stocks Rise On GDP Growth, Oil Price Decline
