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
Website
CEO
J. Michael Nauman
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
BRADY W H CO
SEC CIK
Corporate docs
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
News
Black Rifle Coffee Company Appoints Roland Smith As Executive Chairman
12 Jul 22
Brady's Return on Invested Capital Overview
24 Jun 22
Recap: Brady Q3 Earnings
26 May 22
CORRECTION: Brady Q3 Adj. EPS $0.86 Beats $0.80 Estimate
26 May 22
Brady Q3 Adj. EPS $0.86 Beats $0.80 Estimate, Sales $338.55M Beat $333.03M Estimate
26 May 22
Press releases
Brady Corporation appoints Olivier Bojarski as President of its Identification Solutions Business
5 Aug 22
Brady Corporation Reports Record EPS in its Fiscal 2022 Third Quarter, Raises its non-GAAP EPS Guidance and Expands its Share Buyback Program
26 May 22
Brady Corporation declares regular dividend to shareholders
25 May 22
Calendar
26 May 22
9 Aug 22
31 Jul 23
Financial summary
Quarter (USD) | Apr 22 | Jan 22 | Oct 21 | Jul 21 | |
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Diluted EPS |
Annual (USD) | Jul 21 | Jul 20 | Jul 19 | Jul 18 | |
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Cost of revenue | |||||
Operating income | |||||
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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 |
Recent insider trades
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 |
Institutional ownership, Q1 2022
13F holders | Current |
---|---|
Total holders | 183 |
Opened positions | 23 |
Closed positions | 31 |
Increased positions | 67 |
Reduced positions | 71 |
13F shares | Current |
---|---|
Total value | 1.96B |
Total shares | 39.82M |
Total puts | 0 |
Total calls | 9.3K |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
BLK Blackrock | 7.57M | $350.22M |
Vanguard | 5.33M | $246.72M |
STT State Street | 3.7M | $171.41M |
JHG Janus Henderson | 2.94M | $136.21M |
JPM JPMorgan Chase & Co. | 2.21M | $102.2M |
TROW T. Rowe Price | 1.86M | $86.12M |
Van Berkom & Associates | 1.35M | $62.49M |
Dimensional Fund Advisors | 1.32M | $61.19M |
Renaissance Technologies | 1.28M | $59.05M |
Geode Capital Management | 831.84K | $38.49M |
Financial report summary
?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
?Positive | ||
Negative | ||
Uncertain | ||
Constraining | ||
Legalese | ||
Litigous | ||
Readability |
H.S. junior Avg
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New words:
conflict, exhausted, geopolitical, notice, strongest, Ukraine
Removed:
half
Financial reports
Current reports
8-K
Brady Corporation appoints Olivier Bojarski as President of its Identification Solutions Business
5 Aug 22
8-K
2022 Q3
Brady Corporation Reports Record EPS in its Fiscal 2022 Third Quarter, Raises its non-GAAP EPS Guidance and Expands its Share Buyback Program
26 May 22
8-K
Departure of Directors or Certain Officers
7 Apr 22
8-K
Brady Corporation Announces CEO Leadership Transition
16 Mar 22
8-K
Departure of Directors or Certain Officers
22 Feb 22
8-K
2022 Q2
Brady Corporation Reports Fiscal 2022 Second Quarter Results and Updates Fiscal 2022 Guidance
17 Feb 22
8-K
Entry into a Material Definitive Agreement
22 Dec 21
8-K
2022 Q1
Brady Corporation Reports Fiscal 2022 First Quarter Results
18 Nov 21
8-K
Brady Corporation Reports Fiscal 2021 Fourth Quarter Results and Announces its Fiscal 2022 EPS Guidance
2 Sep 21
8-K
Departure of Directors or Certain Officers
16 Jul 21
Registration and prospectus
S-3ASR
Automatic shelf registration
16 Sep 20
15-12G
Securities registration termination
11 Jun 18
S-8 POS
Registration of securities for employees (post-effective amendment)
11 Jun 18
S-3ASR
Automatic shelf registration
12 Sep 17
S-8
Registration of securities for employees
21 Jul 16
S-3ASR
Automatic shelf registration
30 Nov 14
S-3ASR
Automatic shelf registration
25 Oct 11
S-8
Registration of securities for employees
27 Sep 11
S-8
Registration of securities for employees
15 Oct 09
S-3ASR
Automatic shelf registration
23 Nov 08
Other
SD
Conflict minerals disclosure
19 May 22
SD
Conflict minerals disclosure
26 May 21
SD
Conflict minerals disclosure
29 May 20
SD
Conflict minerals disclosure
29 May 19
SD
Conflict minerals disclosure
30 May 18
SD
Conflict minerals disclosure
29 May 17
UPLOAD
Letter from SEC
5 Mar 17
CORRESP
Correspondence with SEC
20 Feb 17
UPLOAD
Letter from SEC
12 Feb 17
SD
Conflict minerals disclosure
24 May 16
Ownership
4
BRADY / PATRICK W ALLENDER ownership change
12 Jul 22
4
BRADY / BRADLEY C RICHARDSON ownership change
12 Jul 22
4
BRADY / Ann Thornton ownership change
14 Jun 22
4
BRADY / FRANK W HARRIS ownership change
13 Jun 22
4
BRADY / ELIZABETH P BRUNO ownership change
1 Jun 22
SC 13G/A
BRADY / STATE STREET ownership change
10 May 22
4
BRADY / PATRICK W ALLENDER ownership change
13 Apr 22
4
BRADY / BRADLEY C RICHARDSON ownership change
13 Apr 22
4
BRADY / Andrew Gorman ownership change
8 Apr 22
4
BRADY / Russell Shaller ownership change
5 Apr 22
Patents
Utility
Barcode reading system having a legacy mobile client function, a non-legacy mobile client function, and a relay function
14 Jun 22
A barcode reading application includes an image capture function for controlling a white light source and a camera of a mobile device to capture an image of a barcode in a target area.
Utility
Controlling access to barcode-reading functionality
14 Jun 22
The disclosure concerns systems and methods for controlling access to a device with barcode-reading functionality.
Utility
Architecture for faster decoding in a barcode reading system that includes a slow interface between the camera and decoder
14 Jun 22
Disclosed herein is a barcode reading system that includes an image decoding system, a communication interface, and an image sensor system package.
Utility
Auxiliary data management system
10 May 22
A system may include a plurality of stations that implement a workflow process.
Utility
Barcode-reading system that automatically adjusts certain outputs based on ambient characteristics
26 Apr 22
A barcode-reading system may include a barcode reader and at least one detector that is configured to detect a characteristic of an environment in which the barcode-reading system is located.
Transcripts
2022 Q3
Earnings call transcript
26 May 22
2022 Q2
Earnings call transcript
17 Feb 22
2022 Q1
Earnings call transcript
18 Nov 21
2021 Q4
Earnings call transcript
2 Sep 21
2021 Q3
Earnings call transcript
20 May 21
2021 Q2
Earnings call transcript
18 Feb 21
2021 Q1
Earnings call transcript
19 Nov 20
2020 Q4
Earnings call transcript
16 Sep 20
2020 Q3
Earnings call transcript
21 May 20
2020 Q2
Earnings call transcript
21 Feb 20
Reddit threads
Daily Discussion Thread - July 7th, 2022
7 Jul 22
Daily Discussion Thread - July 6th, 2022
6 Jul 22
Daily Discussion Thread - July 5th, 2022
5 Jul 22
Daily Discussion Thread - July 4th, 2022
4 Jul 22
I scraped r/SPACs for the top ticker mentions in the last 24H. Here are the results (Saturday June 11, 2022)
11 Jun 22
Announcements x Daily Discussion for Thursday, June 09, 2022
9 Jun 22
I scraped r/SPACs for the top ticker mentions in the last 24H. Here are the results (Wednesday June 01, 2022)
1 Jun 22
(5/26) Thursday's Pre-Market Stock Movers & News
26 May 22
Daily Discussion Thread - May 26th, 2022
26 May 22
Daily Discussion Thread - May 25th, 2022
25 May 22