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 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.