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May 22, 2015 10:19 PM ET

Commercial Services and Supplies

Company Overview of Brady Corp.

Company Overview

Brady Corporation manufactures and supplies identification solutions, specialty materials, and workplace safety products that identify and protect premises, products, and people in the United States and internationally. It operates through two segments, Identification Solutions and Workplace Safety. The Identification Solutions segment offers safety signs, pipe markers, labeling systems, spill control products, and lockout/tagout devices for facility identification; materials and printing systems for product identification, brand protection labeling, work in process labeling, and finished product identification; and hand-held printers, wire markers, sleeves, and tags for wire identification....

6555 West Good Hope Road

Milwaukee, WI 53223

United States

Founded in 1914

7,200 Employees

Phone:

414-358-6600

Key Executives for Brady Corp.

Senior Vice President and President of Workplace Safety
Age: 52
Total Annual Compensation: $384.4K
Vice President and President of Identification Solutions
Age: 58
Total Annual Compensation: $383.7K
Senior Vice President, General Counsel and Secretary
Age: 58
Total Annual Compensation: $327.5K
Compensation as of Fiscal Year 2014.

Brady Corp. Key Developments

Brady Corp. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended April 30, 2015; Provides Earnings Guidance for the Fourth Quarter and Full Fiscal Year 2015

Brady Corp. reported unaudited consolidated earnings results for the third quarter and nine months ended April 30, 2015. For the quarter, the company reported net sales of $290,227,000 against $309,577,000 a year ago. Operating income was $24,285,000 against $26,767,000 a year ago. Earnings from continuing operations before income taxes were $22,216,000 against $24,258,000 a year ago. Earnings from continuing operations were $17,213,000 against $20,184,000 a year ago. Net earnings were $17,213,000 against $24,088,000 a year ago. Earnings from continuing operations per diluted Class A Nonvoting Common Share were $0.33 compared to $0.39 in the same quarter last year. Non-GAAP earnings from continuing operations per diluted Class A Nonvoting Common Share for the current quarter were $0.34 compared to $0.43 per share in the third quarter of fiscal 2014. Net cash flow from operating activities was $28.8 million against $34.1 million a year ago. Capital expenditures were $5.7 million against $12.2 million a year ago. EBITDA was $36.134 million against $42.708 million a year ago. EBITDA from continuing operations was $36.134 million against $39.079 million a year ago. Free cash flow finished the third quarter at $23.1 million, which is approximately 130% of net earnings. Total net debt position has been trending down since December 2012, and at April 30, 2015, it was $168 million compared to net debt of $221 million at this time last year. For the nine months, the company reported net sales of $883,095,000 against $908,301,000 a year ago. Operating income was $68,069,000 against $74,802,000 a year ago. Earnings from continuing operations before income taxes were $60,643,000 against $65,912,000 a year ago. Earnings from continuing operations were $44,296,000 against $48,835,000 a year ago. Net earnings were $42,381,000 against $64,441,000 a year ago. Earnings from continuing operations per diluted Class A Nonvoting Common share were $0.86 compared to $0.93 in the same period in fiscal 2014. Non-GAAP earnings from continuing operations per diluted Class A Common Share were $0.99 compared to $1.12 in the same period in fiscal 2014. Net cash provided by operating activities was $52,740,000 against $75,840,000 a year ago. Purchases of property, plant and equipment were $23,545,000 against $29,808,000 a year ago. Net debt was $168 million compared to $221 million a year ago. The company provided earnings guidance for the fourth quarter and full fiscal year 2015. For the fourth quarter of 2015, the company expects diluted EPS from continuing operations of $0.30 to $0.40. For full fiscal year 2015, the company expects exchange rates consistent with those as of April 30, 2015. Full-year depreciation and amortization expense of just under $40 million. Full-year restructuring charges of $15 million to $17 million. Full-year tax rate in the mid-to-upper 20% range. Full-year capital expenditures of approximately $35 million.

Brady Corporation Declares Quarterly Dividend, Payable on July 31, 2015

Brady Corporation’s Board of Directors has declared a quarterly dividend to shareholders of the company's Class A Common Stock of $0.20 per share, payable on July 31, 2015, to shareholders of record at the close of business on July 10, 2015.

Brady Releases New ToughWash Plastic Encapsulated Signs and Tags

Brady released its ToughWash Plastic Encapsulated Signs and Tags. With a one-piece construction and sub-surface graphics, these products are designed to withstand harsh washdown conditions to allow for workplace visuals on the production floor. Brady’s Plastic Encapsulated Signs & Tags features Full color, high resolution printing – Clear graphics and easy-to-read, professional looking visuals. Formulated Metal or X-Ray Detection – Integrates a detectable resin into the sign or tag. Injection Molded Plastic Construction – Withstands high-pressure water, chemicals and abrasion to enhance durability. Sub-Surface Graphics – Protects graphics and print from water, chemicals and abrasives to enhance sign longevity. By having durable visuals on the shop floor, employees can have procedural and safety information right at the point of need to help support both compliance and safety. These signs and tags are available in both stock and custom options, with a variety of size and graphic options, such as variable images and serialization.

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