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Brady (BRC)

Brady Corporation is an international manufacturer and marketer of complete solutions that identify and protect people, products and places. Brady's products help customers increase safety, security, productivity and performance and include high-performance labels, signs, safety devices, printing systems and software. Founded in 1914, the Company has a diverse customer base in electronics, telecommunications, manufacturing, electrical, construction, medical, aerospace and a variety of other industries. Brady is headquartered in Milwaukee, Wisconsin and as of July 31, 2020, employed approximately 5,400 people in its worldwide businesses. Brady's fiscal 2020 sales were approximately $1.08 billion.

Company profile

Ticker
BRC
Exchange
CEO
J. Michael Nauman
Employees
Incorporated
Location
Fiscal year end
Former names
BRADY W H CO
SEC CIK
Subsidiaries
AIO Acquisition Inc. • Brady Holdings Mexico LLC • Magicard US Inc. • Nordic ID Inc. • The Code Corporation • Tricor Direct, Inc. • Champion Americas • Worldmark of Wisconsin Inc. • Brady International Co. • Brady Worldwide, Inc. ...
IRS number
390178960

BRC stock data

Calendar

26 May 22
9 Aug 22
31 Jul 23
Quarter (USD) Apr 22 Jan 22 Oct 21 Jul 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Jul 21 Jul 20 Jul 19 Jul 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Cash burn rate (est.) Burn method: Change in cash Burn method: Operating income Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 103.07M 103.07M 103.07M 103.07M 103.07M 103.07M
Cash burn (monthly) 14.78M 18.23M (no burn) (no burn) (no burn) (no burn)
Cash used (since last report) 49.37M 60.89M n/a n/a n/a n/a
Cash remaining 53.7M 42.18M n/a n/a n/a n/a
Runway (months of cash) 3.6 2.3 n/a n/a n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
11 Jul 22 Allender Patrick W Class A Common Stock Grant Acquire A Yes No 44.3 590 26.14K 80,577
11 Jul 22 Richardson Bradley C Class A Common Stock Grant Acquire A Yes No 44.3 1,022 45.27K 67,745
13 Jun 22 Ann Thornton Class A Common Stock Payment of exercise Dispose F No No 46.17 1,238 57.16K 18,212
9 Jun 22 Harris Frank W Class A Common Stock Sell Dispose S No No 48.1 1,000 48.1K 20,441
9 Jun 22 Harris Frank W Class A Common Stock Option exercise Acquire M No No 30.21 1,000 30.21K 21,441
9 Jun 22 Harris Frank W Stock Option Class A Common Stock Option exercise Dispose M No No 30.21 1,000 30.21K 3,250
31 May 22 Bruno Elizabeth P Class A Common Stock Sell Dispose S No No 48.32 4,250 205.36K 356,340
31 May 22 Bruno Elizabeth P Class A Common Stock Option exercise Acquire M No No 30.21 4,250 128.39K 360,590
31 May 22 Bruno Elizabeth P Stock Option Class A Common Stock Option exercise Dispose M No No 30.21 4,250 128.39K 0
13F holders Current Prev Q Change
Total holders 183 191 -4.2%
Opened positions 23 25 -8.0%
Closed positions 31 21 +47.6%
Increased positions 67 62 +8.1%
Reduced positions 71 78 -9.0%
13F shares Current Prev Q Change
Total value 1.96B 2.32B -15.7%
Total shares 39.82M 40.61M -1.9%
Total puts 0 0
Total calls 9.3K 0 NEW
Total put/call ratio
Largest owners Shares Value Change
BLK Blackrock 7.57M $350.22M +0.0%
Vanguard 5.33M $246.72M +0.3%
STT State Street 3.7M $171.41M -0.5%
JHG Janus Henderson 2.94M $136.21M -11.6%
JPM JPMorgan Chase & Co. 2.21M $102.2M -7.8%
TROW T. Rowe Price 1.86M $86.12M +0.3%
Van Berkom & Associates 1.35M $62.49M +3.7%
Dimensional Fund Advisors 1.32M $61.19M -0.4%
Renaissance Technologies 1.28M $59.05M -2.7%
Geode Capital Management 831.84K $38.49M +2.4%
Largest transactions Shares Bought/sold Change
Norges Bank 0 -510.23K EXIT
William Blair Investment Management 795.66K +398.09K +100.1%
JHG Janus Henderson 2.94M -385.93K -11.6%
SLFPY Standard Life Aberdeen 799.23K +292.66K +57.8%
GS Goldman Sachs 336.55K -209.77K -38.4%
Acadian Asset Management 106.52K -200.06K -65.3%
JPM JPMorgan Chase & Co. 2.21M -185.96K -7.8%
Victory Capital Management 343.25K +142.7K +71.2%
Millennium Management 123.29K +108.45K +730.8%
Healthcare Of Ontario Pension Plan Trust Fund 0 -105.4K EXIT

Financial report summary

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Risks
  • The COVID-19 pandemic has significantly impacted worldwide economic conditions and could have a material adverse effect on our operations and business.
  • Demand for our products may be adversely affected by numerous factors, some of which we cannot predict or control. This could adversely affect our business and financial results.
  • Failure to compete effectively or to successfully execute our strategy may have a negative impact on our business and financial results.
  • Failure to develop or acquire technologically advanced products that meet customer demands, including price expectations, could adversely impact our business and financial results.
  • The failure to properly identify, integrate and grow acquired companies, and to manage contingent liabilities from divested businesses could adversely affect our business and financial results.
  • Raw material and other cost increases and product shortages could adversely affect our business and financial results.
  • Our failure or the failure of third-party service providers to protect our sites, networks and systems against security breaches, to protect our confidential information, or to facilitate our digital strategy, could adversely affect our business and financial results.
  • We depend on key employees and the loss of these individuals could have an adverse effect on our business and financial results.
  • We are subject to litigation, including product liability claims that could adversely impact our business, financial results, and reputation.
  • The global nature of our business exposes us to foreign currency fluctuations that could adversely affect our business and financial results.
  • Changes in tax legislation or tax rates could adversely affect results of operations and financial statements. Additionally, audits by taxing authorities could result in tax payments for prior periods.
  • Substantially all of our voting stock is controlled by two shareholders, while our public investors hold non-voting stock. The interests of the voting and non-voting shareholders could differ, potentially resulting in decisions that affect the value of the non-voting shares.
Management Discussion
  • References in this Form 10-Q to “organic sales” refer to sales calculated in accordance with GAAP, excluding the impact of foreign currency translation and sales recorded from acquired companies prior to the first anniversary date of their acquisition which, for the periods reported in this Form 10-Q, includes each of Magicard, Nordic ID and Code. The Company's organic sales disclosures exclude the effects of foreign currency translation as foreign currency translation is subject to volatility that can obscure underlying business trends. Management believes that the non-GAAP financial measure of organic sales is meaningful to investors as it provides them with useful information to aid in identifying underlying sales trends in our businesses and facilitating comparisons of our sales performance with prior periods.

Content analysis

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