Brady Corp. (BRC) said its first-quarter net income dropped 41.6% to $21.67 million from $37.11 million in the prior year quarter.
Earnings per Class A nonvoting common share were $0.41 compared with $0.69 per share last year. Excluding restructuring charges, earnings per share were $0.46 in the current quarter compared with $0.71 in the first quarter of fiscal 2009. On 6 average, analysts polled by Thomson Reuters expected earnings per share of $0.41 for the quarter. Analysts' estimate typically excludes one-time items.
Net sales for the quarter were $318.49 million, 15.8% lower than $378.32 million in the first quarter of fiscal 2009. Three analysts estimated revenues of $297.33 million for the quarter.
Additionally, the company said it is maintaining its original net income and earnings per share outlook for the current fiscal year of $85 million - $95 million and $1.60 - $1.80 per share, excluding pretax restructuring charges of $15 million and $0.20 per share. Six analysts estimate full-year earnings per share of $1.73.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.