09.17.18
Brady Corporation reported its financial results for its fiscal 2018 fourth quarter ended July 31, 2018.
Earnings before income taxes increased 26% to $45.2 million for the fourth quarter of fiscal 2018 compared to $35.9 million for the fourth quarter of fiscal 2017. Earnings before income taxes includes a gain on the sale of the Runelandhs business of $4.7 million in the fourth quarter of fiscal 2018. Net earnings for the quarter ended July 31, 2018, were $35.0 million compared to $25.2 million in the same quarter last year.
Sales for the quarter ended July 31, 2018 increased 2.9% to $297.5 million compared to $289.2 million in the same quarter last year. By segment, sales increased 3.1% in Identification Solutions and 2.3% in Workplace Safety, which consisted of organic sales growth of 2.4% in Identification Solutions and 3.0% in Workplace Safety.
Year Ended July 31, 2018 Financial Results:
Earnings before income taxes increased 20.0%, finishing at $152.0 million for the year ended July 31, 2018, compared to $126.6 million last year. Fiscal 2018 results include a gain on the sale of the Runelandhs business of $4.7 million. Net earnings for the year ended July 31, 2018, were $91.1 million compared to $95.6 million last year.
Sales for the year ended July 31, 2018 increased 5.4% to $1.17 billion compared to $1.11 billion for the year ended July 31, 2017. By segment, sales increased 5.7% in Identification Solutions and 4.7% in Workplace Safety, which consisted of organic sales growth of 3.4% in Identification Solutions and 0.7% in Workplace Safety.
“This quarter marks our twelfth consecutive quarter of year-over-year pre-tax earnings growth and our fifth consecutive quarter of organic sales growth,” said J. Michael Nauman, Brady’s president and CEO. “We believe that continued development of innovative new products and a strong new product pipeline are essential to Brady’s long-term success and will result in future organic sales growth in both our Identification Solutions and Workplace Safety businesses. Our priorities in fiscal 2019 are to grow our pipeline of innovative new products, provide excellent customer service, accelerate organic sales growth, and deliver sustainable efficiencies throughout the business.”
Earnings before income taxes increased 26% to $45.2 million for the fourth quarter of fiscal 2018 compared to $35.9 million for the fourth quarter of fiscal 2017. Earnings before income taxes includes a gain on the sale of the Runelandhs business of $4.7 million in the fourth quarter of fiscal 2018. Net earnings for the quarter ended July 31, 2018, were $35.0 million compared to $25.2 million in the same quarter last year.
Sales for the quarter ended July 31, 2018 increased 2.9% to $297.5 million compared to $289.2 million in the same quarter last year. By segment, sales increased 3.1% in Identification Solutions and 2.3% in Workplace Safety, which consisted of organic sales growth of 2.4% in Identification Solutions and 3.0% in Workplace Safety.
Year Ended July 31, 2018 Financial Results:
Earnings before income taxes increased 20.0%, finishing at $152.0 million for the year ended July 31, 2018, compared to $126.6 million last year. Fiscal 2018 results include a gain on the sale of the Runelandhs business of $4.7 million. Net earnings for the year ended July 31, 2018, were $91.1 million compared to $95.6 million last year.
Sales for the year ended July 31, 2018 increased 5.4% to $1.17 billion compared to $1.11 billion for the year ended July 31, 2017. By segment, sales increased 5.7% in Identification Solutions and 4.7% in Workplace Safety, which consisted of organic sales growth of 3.4% in Identification Solutions and 0.7% in Workplace Safety.
“This quarter marks our twelfth consecutive quarter of year-over-year pre-tax earnings growth and our fifth consecutive quarter of organic sales growth,” said J. Michael Nauman, Brady’s president and CEO. “We believe that continued development of innovative new products and a strong new product pipeline are essential to Brady’s long-term success and will result in future organic sales growth in both our Identification Solutions and Workplace Safety businesses. Our priorities in fiscal 2019 are to grow our pipeline of innovative new products, provide excellent customer service, accelerate organic sales growth, and deliver sustainable efficiencies throughout the business.”
