Brady Corporation Reports 1% Gain In Q1 Bottom Line

(RTTNews) - Brady Corporation (BRC) reported earnings for its first quarter that gained ground compared to the same period last year.

The company said its bottom line totaled $18.70 million, or $0.37 per share. This was higher than $18.45 million, or $0.36 per share, in last year's first quarter.

Analysts had expected the company to earn $0.28 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 8.8% to $283.07 million. This was down from $310.24 million last year.

Brady Corporation earnings at a glance:

-Earnings (Q1): $18.70 Mln. vs. $18.45 Mln. last year. -Earnings Growth (Y-o-Y): 1.4% -EPS (Q1): $0.37 vs. $0.36 last year. -EPS Growth (Y-o-Y): 2.8% -Analysts Estimate: $0.28 -Revenue (Q1): $283.07 Mln vs. $310.24 Mln last year. -Revenue Change (Y-o-Y): -8.8%

-Guidance: Full year EPS guidance: $1.10 - $1.30