Brady Corp. Q3 Earnings Surge, Tops View - Quick Facts

(RTTNews) - Brady Corp. (BRC), a provider of identification solutions, reported a surge in its thrid-quarter earnings to $24 million from $4.2 million in the prior-year period. Net earnings per Class A Nonvoting Common Share was $0.46 versus $0.08 last year.

On a continuing operations basis, earnings totaled $20.1 million compared with $21.6 million last year. Earnings from continuing operations per Class A Nonvoting Common Share reduced to $0.39 from last year's $0.42.

The company's adjusted earnings from continuing operations per Class A Nonvoting Common Share were $0.43 during the quarter. On average, 7 analysts polled by Thomson Reuters expected the company to report earnings of $0.38 per share for the quarter. Analysts' estimates typically exclude one-time items.

Quarterly sales from continuing operations rose 2.3 percent to $309.6 million from $302.4 million last year. Total organic sales increased 2.5 percent. Analysts expected the company to report revenues of $301.62 million.

Looking ahead, the firm said it expects low single-digit organic sales growth from continuing operations in the fourth quarter of fiscal 2014. Net earnings from continuing operations per diluted Class A Nonvoting Common Share is estimated to range between $0.45 and $0.55, exclusive of restructuring charges and certain other items. Street is currently looking for fourth-quarter earnings of $0.46 per share.