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Brady Corporation Shares Drop Despite Strong Earnings and Buyback Expansion
Brady Corporation Shares Drop Despite Strong Earnings and Buyback Expansion
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Brady Corporation (NYSE: BRC) shares fell 6.37% to $71.38 post-Q1 earnings, despite reporting an 11.9% year-over-year increase in adjusted EPS to a record $1.22. Revenue climbed 11.4% to $382.6 million, though it narrowly missed analyst expectations of $386.6 million. Organic sales growth of 1.6% was bolstered by a 10.5% contribution from acquisitions, partially offset by a 0.7% currency headwind.
The company returned $44.5 million to shareholders through dividends and buybacks, signaling confidence in its financial position. Full-year EPS guidance was tightened to $4.48–$4.63, reflecting management’s precision in forecasting amid mixed market conditions.
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