Brady Corp. Q3 Profit Tops Estimates; Raises Earnings Guidance - Quick Facts

(RTTNews) - Brady Corp. (BRC) said, for its third quarter ended April 30, 2019, organic sales growth along with the execution of sustainable efficiency gains throughout SG&A structure resulted in its income before income taxes increased 10.8 percent year-over-year. Looking forward, the company raised its fiscal year earnings guidance.

For the third-quarter, EPS increased 32.7 percent to $0.65 from $0.49, previous year. On average, four analysts polled by Thomson Reuters expected the company to report profit per share of $0.56 for the quarter. Analysts' estimates typically exclude special items.

Third-quarter sales decreased 2.9 percent to $289.75 million. Organic revenues increased 2.4 percent in the third quarter of fiscal 2019. Analysts expected revenue of $293.68 million for the quarter.

Brady Corp. increased fiscal 2019 earnings per Class A nonvoting share guidance to a range of $2.35 to $2.40 from its previous range of $2.25 to $2.35. Analysts expect the company to report profit per share of $2.30.