Brady Q2 sales rise 7.7%, EPS guidance raised

Overview

• Identification solutions provider's fiscal Q2 revenue rose 7.7% yr/yr

• Adjusted EPS for fiscal Q2 increased 9% yr/yr

• Company raised low end of full-year EPS guidance

Outlook

• Brady raises full-year GAAP EPS guidance to $4.62-$4.82 per share

• Company increases full-year adjusted EPS guidance to $4.95-$5.15 per share

• Brady's fiscal 2026 guidance assumes continued economic growth

Result Drivers

• ORGANIC SALES GROWTH - Brady reported a 1.6% increase in organic sales, contributing to overall revenue growth

• ACQUISITIONS - Acquisitions contributed 2.3% to Brady's sales growth in the quarter

• FOREIGN CURRENCY IMPACT - Foreign currency translation added 3.8% to sales growth

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the business support supplies peer group is "buy."

• Wall Street's median 12-month price target for Brady Corp is $101.00, about 6% above its February 18 closing price of $95.26

• The stock recently traded at 18 times the next 12-month earnings vs. a P/E of 15 three months ago

Press Release: ID:nGNX5JSVfR

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