• Login
    • Join
  • FOLLOW:
  • Subscribe Free
    • Magazine
    • eNewsletter
    Checkout
    • Magazine
    • News
    • Printed Electronics
    • Raw Materials
    • Equipment
    • Services
    • Suppliers Guide
    • Resources
    • More
  • Magazine
  • News
  • Printed Electronics
  • Raw Materials
  • Equipment
  • Services
  • Suppliers Guide
  • Resources
  • Current & Past Issues
    Features
    Editorials
    Digital Edition
    Subscribe Now
    Advertise Now
    eNewsletter Archive
    Our Team
    Editorial Guidelines
    Breaking News
    Experts Opinion
    Financial News
    Manufacturers News
    Mergers and Acquisitions
    Online Exclusives
    Personnel
    Product Releases
    Suppliers News
    Live From Shows
    Displays and Lighting
    Photovoltaics
    Printed Batteries
    Printed Circuit Boards/Membrane Switches/In Mold Electronics
    Flexible and Printed Electronics
    RFID and NFC
    Sensors and Wearables
    Smart Cards and Packaging
    Touch Screens
    Adhesives, Barriers and Encapsulants
    Chemicals, Metals and Powders
    Conductive Inks and Coatings
    Electronic Materials
    Film, Paper, Glass and Substrates
    Graphene, Perovskites and Carbon Nanotubes
    Nanomaterials
    Printed Electronic Components
    Research Reports
    Semiconductors and Quantum Dots
    Energy Curing Equipment
    Lab and Testing Equipment
    Manufacturing Equipment
    Printing Equipment
    3D Printing
    Contract Manufacturing Services
    Product Design and Testing
    Research and Consulting
    Research Institutions
    Research Reports
    Universities
    Equipment
    All Companies
    Materials
    Categories
    Converting
    Printed Electronics Systems
    Associations
    Research and Services
    Used Machinery
    Add New Company
    Industry Events
    Live from show events
    Podcasts
    Videos
    Blogs
    Slideshows
    Infographics
    Webinars
    Whitepapers
    Equipment and Services
    Glossary
    • Magazine
      • Current & Past Issues
      • Features
      • Editorial
      • Columns
      • Digital Edition
      • eNewsletter Archive
      • Editorial Guidelines
      • Subscribe Now
      • Advertise Now
    • Breaking News
    • Suppliers Guide
      • Suppliers Guide
      • Add Your Company
    • Printed Electronics
      • Photovoltaics
      • Printed Batteries
      • Printed Circuit Boards/Membrane Switches/In Mold Electronics
      • Flexible and Printed Electronics
      • RFID and NFC
      • Sensors and Wearables
      • Smart Cards and Packaging
      • Touch Screens
    • Raw Materials
      • Adhesives, Barriers and Encapsulants
      • Chemicals, Metals and Powders
      • Conductive Inks and Coatings
      • Electronic Materials
      • Film, Paper, Glass and Substrates
      • Graphene, Perovskites and Carbon Nanotubes
      • Nanomaterials
      • Semiconductors and Quantum Dots
    • Equipment
      • Energy Curing Equipment
      • Lab and Testing Equipment
      • Manufacturing Equipment
      • Printing Equipment
      • 3D Printing
    • Services
      • Contract Manufacturing Services
      • Product Design and Testing
      • Research and Consulting
      • Research Institutions
      • Research Reports
      • Universities
    • Online Exclusives
    • Slideshows
    • Blog
    • Videos
    • Podcasts
    • Infographics
    • Events
      • Industry Events
      • Live from show events
      • Webinars
    • About Us
      • About Us
      • Contact Us
      • Advertise With Us
      • Privacy Policy
      • Terms of Use
    Breaking News

    Brady Corporation Reports Fiscal 2Q 2016 Results

    Notes organic revenue growth of 0.4%, net cash provided by operating activities of $27.9 million for the quarter.

    Related CONTENT
    • Brady Corporation Reports Fiscal 4Q 2021 Results
    • CCL Industries Announces 2Q 2021 Results
    • DuPont Reports 2Q 2021 Results
    • Avery Dennison Announces 2Q 2021 Results
    • DuPont Reports 1Q 2021 Results
    02.19.16
    Brady Corporation reported its financial results for its fiscal 2016 second quarter ended Jan. 31, 2016.
     
    Net earnings for the quarter ended Jan. 31, 2016 were $15.3 million, compared to $11.6 million in the same quarter last year. Earnings per diluted Class A Nonvoting Common Share were $0.30 for the second quarter, compared to $0.23 in the same quarter last year.
     
    Sales for the quarter ended January 31, 2016, decreased 5.0% to $268.6 million compared to $282.6 million in the second quarter of fiscal 2015. Total organic sales increased 0.4% and foreign currency translation decreased sales by 5.4%. By segment, organic sales increased 0.7% in Identification Solutions and decreased 0.1% in Workplace Safety.
     
    Net earnings for the six-month period ended Jan. 31, 2016, were $34.0 million compared to $25.2 million in the same period last year. Earnings per diluted Class A Nonvoting Common Share were $0.67 for the six-month period ended Jan. 31, 2016, compared to earnings from continuing operations per diluted Class A Nonvoting Common Share of $0.53 in the same period in fiscal 2015.
     
    Sales for the six-month period ended January 31, 2016, decreased 6.9% to $551.7 million compared to $592.9 million in the same period in fiscal 2015. Total organic sales decreased 0.9% and the impact of foreign currency translation decreased sales by 6.0%. Organic sales decreased 0.9% in both the Identification Solutions and Workplace Safety segments.
     
    On Feb. 16, 2016, Brady’s Board of Directors authorized an increase in the company’s share buyback program, bringing the amount of the Company’s Class A Common Stock authorized for repurchase up to a total of two million shares.
     
    “Our focus on operational efficiency and local accountability resulted in increased organic sales and net earnings in the second quarter. Our GAAP EPS increased 30.4% and our Non-GAAP EPS increased 3.4% when compared with the second quarter of last year. We continue making improvements in our customer service metrics while gaining efficiencies throughout the organization,” said J. Michael Nauman, Brady’s president and CEO.
     
    “Although organic sales increased in the second quarter, we expect to continue to be challenged by macro-economic conditions in certain industrial markets and geographies, including the US, Canada, Brazil and China, which will continue to work against our efforts to improve results,” added Nauman. “Our top priorities include growing our pipeline of innovative new products while delivering operational efficiencies, which will position Brady to compete successfully and deliver improved results to our shareholders. These results include our efforts to invest properly in creating complete solutions for our customers’ current and future needs.”
     
    “Our focus on driving increased cash flow is apparent in our second quarter financial results, where net cash provided by operating activities increased more than 400% over the second quarter of last year. Our year-to-date net cash provided by operating activities has more than doubled as we finished with $58.3 million for the six-month period ended Jan. 31, 2016, compared with $23.9 million for the same period last year,” said Brady CFO Aaron Pearce. “In the first six months of this year, we have returned $20.4 million to our shareholders in the form of dividends and we have repurchased 1,146,271 shares for a total of $23.4 million, all while reducing our net debt position by $6.7 million since the start of this fiscal year. We will continue to be diligent in the allocation of our capital with our first priority being to drive organic growth and our remaining priorities to return funds to our shareholders in the form of dividends and to execute share buybacks in an opportunistic manner to ensure that our uses of cash are generating incremental value for our shareholders.”
    Related Searches
    • brady corporation
    Suggested For You
    Brady Corporation Reports Fiscal 4Q 2021 Results Brady Corporation Reports Fiscal 4Q 2021 Results
    CCL Industries Announces 2Q 2021 Results CCL Industries Announces 2Q 2021 Results
    DuPont Reports 2Q 2021 Results DuPont Reports 2Q 2021 Results
    Avery Dennison Announces 2Q 2021 Results Avery Dennison Announces 2Q 2021 Results
    DuPont Reports 1Q 2021 Results DuPont Reports 1Q 2021 Results
    Merck KGaA Reports Record Results in Turbulent Year Merck KGaA Reports Record Results in Turbulent Year
    Brady Corporation Reports Fiscal 2021 2Q Results Brady Corporation Reports Fiscal 2021 2Q Results
    DuPont Reports 4Q 2020 Results DuPont Reports 4Q 2020 Results
    Brady Corporation Reports Fiscal 1Q 2021 Results Brady Corporation Reports Fiscal 1Q 2021 Results
    Merck KGaA Reports Strong 3Q 2020 Merck KGaA Reports Strong 3Q 2020
    CCL Industries Announces Record Quarterly Results for 3Q 2020 CCL Industries Announces Record Quarterly Results for 3Q 2020
    DuPont Reports 3Q 2020 Results DuPont Reports 3Q 2020 Results
    Brady Corporation Reports Fiscal 3Q 2017 Results Brady Corporation Reports Fiscal 3Q 2017 Results
    Brady Corporation Declares Regular Dividend to Shareholders Brady Corporation Declares Regular Dividend to Shareholders
    Brady Corporation Reports Fiscal 2Q 2017 Results Brady Corporation Reports Fiscal 2Q 2017 Results

    Related Breaking News

    • Breaking News | Displays and Lighting | Manufacturers News | Product Releases
      ams OSRAM Introduces New Horticulture LEDs

      ams OSRAM Introduces New Horticulture LEDs

      New OSLON Optimal LEDs provide flexible mix of color and white options to meet requirements of all growing applications.
      05.26.22

    • Breaking News | Manufacturers News | Product Releases | RFID and NFC
      Avery Dennison Launches AD Twist U7XM Inlays

      Avery Dennison Launches AD Twist U7XM Inlays

      The new UHF inlays are designed for challenging industrial environments.
      05.26.22

    • Breaking News | Graphene, Perovskites and Carbon Nanotubes | Photovoltaics | Research Institutions
      ARPA-E Funding Drives Innovation, Industry Partnerships at NREL

      ARPA-E Funding Drives Innovation, Industry Partnerships at NREL

      ARPA-E Energy Innovation Summit to Showcase NREL’s Disruptive Energy Technology Research.
      Susannah Shoemaker, NREL 05.26.22


    • Breaking News | Manufacturers News | Printed Batteries
      InnovationLab Acquires Flexible Printed Battery Technology from Evonik

      InnovationLab Acquires Flexible Printed Battery Technology from Evonik

      Metal-free TAeTTOOz polymeric materials are designed for printed rechargeable solid-state batteries.
      05.25.22

    • Breaking News | Graphene, Perovskites and Carbon Nanotubes | Printed Circuit Boards/Membrane Switches/In Mold Electronics
      Canatu Receives IATF 16949:2016 Certification

      Canatu Receives IATF 16949:2016 Certification

      IATF 16949:2016 Certification is the International Standard for Automotive Quality Management Systems.
      05.24.22

    • Breaking News | Displays and Lighting | Financial News | Manufacturers News
      ams OSRAM Supervisory Board to Elect Dr. Margarete Haase as Chairwoman

      ams OSRAM Supervisory Board to Elect Dr. Margarete Haase as Chairwoman

      Dr. Haase will succeed retiring chairman Hans Joerg Kaltenbrunner.
      05.24.22


    • Breaking News | Displays and Lighting | Graphene, Perovskites and Carbon Nanotubes | RFID and NFC | Semiconductors and Quantum Dots
      Weekly Recap: Graphene Flagship, Japan Display and LG Display Top This Week’s Stories

      Weekly Recap: Graphene Flagship, Japan Display and LG Display Top This Week’s Stories

      These are the most viewed news on our site for the week ended May 20, 2022.
      05.21.22

    • Breaking News | Photovoltaics
      Evonik Launches New Processing Aids for PV Wafer Cutting

      Evonik Launches New Processing Aids for PV Wafer Cutting

      Expansion of Evonik’s additives portfolio for renewable energy manufacturing.
      05.20.22

    • Breaking News | Photovoltaics | Research Institutions
      NREL Creates Highest Efficiency 1-Sun Solar Cell

      NREL Creates Highest Efficiency 1-Sun Solar Cell

      Researchers created a solar cell with a record 39.5% efficiency under 1-sun global illumination.
      05.19.22


    • Breaking News | Displays and Lighting | Manufacturers News
      eMagin Wins People’s Choice Award at Display Week 2022

      eMagin Wins People’s Choice Award at Display Week 2022

      Honored for Best New Display Technology for its direct patterned single-stack OLED microdisplay.
      05.19.22

    • Breaking News | Manufacturers News | Product Releases | RFID and NFC
      Wiliot Launches Battery-Assisted Version of its IoT Pixel Tags

      Wiliot Launches Battery-Assisted Version of its IoT Pixel Tags

      The new Battery-Assisted IoT Pixel tag leverages the same ultra-power-efficient cloud and chip technology as its battery-free counterpart.
      05.19.22

    • Breaking News | RFID and NFC
      From Phygital to Virtual IDs

      From Phygital to Virtual IDs

      ID cards, passports and driver’s licenses are increasingly ‘phygital’ across much of the world.
      05.19.22


    • Breaking News | RFID and NFC
      Zebra Technologies Board Approves Additional $1 Billion Share Repurchase

      Zebra Technologies Board Approves Additional $1 Billion Share Repurchase

      This authorization augments the previous $1 billion purchase authorization which was announced on July 30, 2019.
      05.19.22

    • Breaking News | RFID and NFC
      Tageos Launches EOS-840 RAIN RFID Sensor Inlays

      Tageos Launches EOS-840 RAIN RFID Sensor Inlays

      New battery-free sensor inlays are based on Asygn’s AS321x IC platform.
      05.19.22

    • Breaking News | Manufacturers News | Sensors and Wearables
      Emerson Earns Third Consecutive 2022 ENERGY STAR Partner of the Year Award

      Emerson Earns Third Consecutive 2022 ENERGY STAR Partner of the Year Award

      As a three-time winner, Sensi is the only smart thermostat to win the Sustained Excellence Award from ENERGY STAR.
      05.18.22

    Breaking News
    • ams OSRAM Introduces New Horticulture LEDs
    • Avery Dennison Launches AD Twist U7XM Inlays
    • ARPA-E Funding Drives Innovation, Industry Partnerships at NREL
    • InnovationLab Acquires Flexible Printed Battery Technology from Evonik
    • Canatu Receives IATF 16949:2016 Certification
    View Breaking News >
    CURRENT ISSUE

    Winter 2021

    • Printed Electronics Now’s International Suppliers’ Directory
    • The Automotive Market and Flexible and Printed Electronics
    • Flexible and Printed Electronics in Healthcare
    • Flexible and Printed Electronics Make Gains in Smart Packaging
    • PAPERONICS: Low-cost multisensory paper and packaging applications
    • View More >

    Cookies help us to provide you with an excellent service. By using our website, you declare yourself in agreement with our use of cookies.
    You can obtain detailed information about the use of cookies on our website by clicking on "More information”.

    • About Us
    • Privacy Policy
    • Terms And Conditions
    • Contact Us

    follow us

    Subscribe
    Nutraceuticals World

    Latest Breaking News From Nutraceuticals World

    Thorne Relaunches Gut Health Test with Microbiome Wipe
    Alkemist Labs Announces Alkemist Assured Seal and Next Generation Transparency Reports
    GC Rieber Foundations Expand Philanthropic Efforts
    Coatings World

    Latest Breaking News From Coatings World

    PPG Hosts The Future of Coatings' Technology Innovation Day in Amsterdam
    Azelis Expands Presence in India with Acquisition of Chemo India and Unipharm Laboratories
    Teknos Publishes Sustainability Report
    Medical Product Outsourcing

    Latest Breaking News From Medical Product Outsourcing

    Brian Case Appointed Chief Technology Officer at KORU Medical
    Solid Growth Expected for India's Medical Device Sector
    Hologic Gains CE Mark for 2 Molecular Assays for Transplant Patients
    Contract Pharma

    Latest Breaking News From Contract Pharma

    Mirum Pharmaceuticals Acquires San Diego-based Satiogen
    Catalyst Biosciences Sells Complement Portfolio to Vertex Pharmaceuticals
    Insmed Appoints Drayton Wise as Chief Commercial Officer
    Beauty Packaging

    Latest Breaking News From Beauty Packaging

    La Roche-Posay Launches Matte Moisturizer for Oily Skin
    3 Amorepacific Employees Stole $2.3 Million
    L'Oreal CEO Nicolas Hieronimus On Sustainability Initiatives
    Happi

    Latest Breaking News From Happi

    Thayers Natural Remedies Celebrates 175 Years with Social Campaign
    Former Model Shirley Powell’s Indie Beauty Brand LaJeanell Comprises Gender Inclusive Skincare and Makeup
    L’Oréal's New UVMune 400 Sun Filtering Technology Protects Skin From Ultra-Long UVA Rays
    Ink World

    Latest Breaking News From Ink World

    NAPIM’s Virtual Digital & Emerging Technologies Conference is Back, June 14–15, 2022
    CEMATEX Introduces Online Business Platform to Connect Global Textile Community
    PICO Chemical Celebrates 46 Years
    Label & Narrow Web

    Latest Breaking News From Label & Narrow Web

    AWA to host 22nd Global Release Liner Industry Conference & Exhibition
    Domino assists Grace Label with supply chain disruptions
    Rotocon wins AI Business Excellence Award
    Nonwovens Industry

    Latest Breaking News From Nonwovens Industry

    Rael Raises $35M in Series B Funding
    Schobertechnologies Offers Rotary Web-fed Converting Solutions
    Thorne Relaunches Gut Health Test with Microbiome Wipe
    Orthopedic Design & Technology

    Latest Breaking News From Orthopedic Design & Technology

    Emovi, Geneva Foundation Providing Knee Treatment Tech to U.S. Army
    Study Confirms Knee Shapes are Highly Individualized
    Stryker Launches EasyFuse Dynamic Compression for Foot & Ankle
    Printed Electronics Now

    Latest Breaking News From Printed Electronics Now

    ams OSRAM Introduces New Horticulture LEDs
    Avery Dennison Launches AD Twist U7XM Inlays
    ARPA-E Funding Drives Innovation, Industry Partnerships at NREL

    Copyright © 2022 Rodman Media. All rights reserved. Use of this constitutes acceptance of our privacy policy The material on this site may not be reproduced, distributed, transmitted, or otherwise used, except with the prior written permission of Rodman Media.

    AD BLOCKER DETECTED

    Our website is made possible by displaying online advertisements to our visitors.
    Please consider supporting us by disabling your ad blocker.


    FREE SUBSCRIPTION Already a subscriber? Login