Brady Corp (BRC) Releases Earnings Results, Beats Expectations By $0.08 EPS

Brady Corp (BRC) reported quarterly earnings results on Thursday, May-19-2016. The company said it had a profit of $0.42 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.08. Analysts had a consensus of $0.34. The company posted revenue of $286.80 million in the period, compared to analysts expectations of $276.06 million. The company’s revenue was down -1.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.34 EPS.

Brady Corp closed down -0.14 points or -0.52% at $26.85 with 2,40,139 shares getting traded on Monday. Post opening the session at $26.96, the shares hit an intraday low of $26.71 and an intraday high of $27.24 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

In a different news, on Dec 7, 2015, Paul Meyer (VP, Tax & Treasury) sold 222 shares at $25.51 per share price. According to the SEC, on Oct 1, 2015, Russell Shaller (President Identification Solns) purchased 1,000 shares at $19.90 per share price. On Mar 26, 2015, Thomas J Felmer (SRVP & Pres., Workplace Safety) sold 4,708 shares at $28.61 per share price, according to the Form-4 filing with the securities and exchange commission.

Brady Corporation is a manufacturer and supplier of identification solutions and workplace safety products that identify and protect premises products and people. The Company has two segments: Identification Solutions (IDS) and Workplace Safety (WPS). The IDS segment includes identification and healthcare products that are manufactured under various brands including the Brady brand and are primarily sold through distribution to a range of maintenance repair and operations (MRO) and original equipment manufacturing (OEM) customers and through other channels including direct sales catalog marketing and digital. Its WPS segment includes workplace safety and compliance products which are sold under various brand names through catalog and digital to a range of MRO customers. It offers products for process industries government education construction automotive aerospace defense electrical contractors and other industries.

Brady Corp

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