BRADY CORP

For the period ended Jan 31, 2024. Filed Feb 22, 2024.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Jan 31, 2024 · Filed Feb 22, 2024

BRC$80.00+0.1%Stored close · as of Nov 10, 2026

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Contents

Condensed Consolidated Statements of Income

(Dollars in Thousands, Except Per Share Amounts, Unaudited)

	Three months ended January 31,		Six months ended January 31,
	2024	2023	2024	2023
Net sales	$322,624	$326,249	$654,607	$648,818
Cost of goods sold	160,541	169,809	320,805	337,114
Gross margin	162,083	156,440	333,802	311,704
Operating expenses:
Research and development	16,832	15,377	32,534	29,310
Selling, general and administrative	91,325	92,282	187,612	182,227
Total operating expenses	108,157	107,659	220,146	211,537
Operating income	53,926	48,781	113,656	100,167
Other income (expense):
Investment and other income	2,684	968	3,122	811
Interest expense	(790)	(1,239)	(1,556)	(2,133)
Income before income taxes	55,820	48,510	115,222	98,845
Income tax expense	12,192	10,524	24,353	21,418
Net income	$43,628	$37,986	$90,869	$77,427
Net income per Class A Nonvoting Common Share:
Basic	$0.90	$0.76	$1.88	$1.55
Diluted	$0.90	$0.76	$1.86	$1.55
Net income per Class B Voting Common Share:
Basic	$0.90	$0.76	$1.86	$1.54
Diluted	$0.90	$0.76	$1.85	$1.53
Weighted average common shares outstanding:
Basic	48,374	49,745	48,440	49,806
Diluted	48,725	50,009	48,768	50,049

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.