BRADY CORP

For the period ended Apr 30, 2024. Filed May 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.

Apr 30, 2024 · Filed May 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 April 30,		Nine months ended April 30,
	2024	2023	2024	2023
Net sales	$343,384	$337,116	$997,991	$985,934
Cost of goods sold	166,357	167,425	487,162	504,539
Gross margin	177,027	169,691	510,829	481,395
Operating expenses:
Research and development	17,681	15,715	50,215	45,025
Selling, general and administrative	95,803	90,975	283,415	273,202
Total operating expenses	113,484	106,690	333,630	318,227
Operating income	63,543	63,001	177,199	163,168
Other income (expense):
Investment and other income	1,596	785	4,718	1,596
Interest expense	(728)	(753)	(2,284)	(2,886)
Income before income taxes	64,411	63,033	179,633	161,878
Income tax expense	13,521	14,981	37,874	36,399
Net income	$50,890	$48,052	$141,759	$125,479
Net income per Class A Nonvoting Common Share:
Basic	$1.06	$0.97	$2.94	$2.52
Diluted	$1.05	$0.96	$2.91	$2.51
Net income per Class B Voting Common Share:
Basic	$1.06	$0.97	$2.92	$2.51
Diluted	$1.05	$0.96	$2.90	$2.49
Weighted average common shares outstanding:
Basic	48,004	49,653	48,294	49,755
Diluted	48,386	50,001	48,640	50,033

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.