# Brady Corporation (BRC) Q4 2025 Financial Results Summary
MILWAUKEE (September 4, 2025) — Brady Corporation (NYSE: BRC) reported its financial results for the fiscal 2025 fourth quarter ending July 31, 2025. Below is a summary of the key metrics and figures from the report:
### Quarterly Financial Highlights
– **Sales Growth**:
– Total sales for Q4 2025 increased **15.7%** year-over-year, reaching **$397.3 million** compared to **$343.4 million** in Q4 2024.
– Organic sales grew by **2.4%**.
– Acquisitions contributed **11.3%** to sales growth.
– Foreign currency translation added **2.0%**.
– **Regional Performance**:
– Sales in the **Americas & Asia** increased **14.1%** (from **$228.5 million** in Q4 2024 to **$260.8 million**), with an organic growth of **4.3%**.
– Sales in **Europe & Australia** rose **18.8%** (from **$114.9 million** in Q4 2024 to **$136.5 million**), but showed an organic decline of **1.3%**.
– **Earnings**:
– Diluted EPS decreased to **$1.04**, down **9.6%** from **$1.15** in the same quarter last year.
– Adjusted Diluted EPS hit a record **$1.26**, reflecting a **5.9%** increase compared to **$1.19** in Q4 2024.
– **Income Statement**:
– Income before income taxes amounted to **$60.5 million**, down **11.2%** from **$68.2 million** in Q4 2024.
– Adjusted Income Before Income Taxes rose **5.1%** to **$74.2 million** from **$70.5 million** year-over-year.
– Net income for the quarter was **$49.9 million**, a decrease of **10.0%** from **$55.5 million** last year. Adjusted Net Income increased **4.4%** to **$60.2 million** compared to **$57.3 million**.
### Annual Financial Highlights
– **Fiscal Year Performance**:
– For the year ending July 31, 2025, total sales increased **12.8%** to **$1.51 billion**, up from **$1.34 billion** in fiscal 2024.
– Income before income taxes totaled **$237.1 million**, a decline of **4.3%** from **$247.8 million** in the previous year.
– Net income for the year was **$189.3 million**, down **4.5%** from **$197.2 million** in fiscal 2024.
– Adjusted Diluted EPS for the fiscal year reached a record **$4.60**, an increase of **9.0%** compared to **$4.22** in fiscal 2024.
### Return of Capital to Shareholders
– Brady Corporation returned **$96.4 million** to shareholders during fiscal 2025 through dividends and share repurchases.
– The company paid **$45.5 million** in dividends, and repurchased **$50.8 million** of its own shares.
### Future Guidance
– The company provided guidance for fiscal 2026, expecting diluted EPS within the range of:
– **$4.55 to $4.85** on a GAAP basis (representing an increase of **15.5% to 23.1%** compared to $3.94 in fiscal 2025).
– **$4.85 to $5.15** on an adjusted basis (indicating a growth of **5.4% to 12.0%** from $4.60 in fiscal 2025).
### Conclusion
Brady Corporation’s fiscal 2025 fourth quarter demonstrated significant year-over-year growth in sales driven by acquisitions and foreign exchange, despite a decline in diluted EPS. The company is well-positioned for continued growth, with strong guidance for the upcoming fiscal year and a commitment to returning value to shareholders through dividends and share repurchases.
**Note**: Adjusted measures referenced in this summary are non-GAAP figures and exclude certain expenses and costs as detailed in the full report.
| Three months ended July 31, 2025 | Three months ended July 31, 2024 | Year ended July 31, 2025 | Year ended July 31, 2024 | |
|---|---|---|---|---|
| Net sales | $397,275 | $343,402 | $1,513,605 | $1,341,393 |
| Cost of goods sold | $197,044 | $166,347 | $752,783 | $653,509 |
| Gross margin | $200,231 | $177,055 | $760,822 | $687,884 |
| Operating expenses: | ||||
| Research and development | $23,054 | $17,533 | $79,889 | $67,748 |
| Selling, general and administrative | $117,885 | $93,307 | $444,295 | $376,722 |
| Total operating expenses | $140,939 | $110,840 | $524,184 | $444,470 |
| Operating income | $59,292 | $66,215 | $236,638 | $243,414 |
| Other income (expense): | ||||
| Investment and other income | $2,356 | $2,835 | $5,206 | $7,553 |
| Interest expense | -$1,143 | -$842 | -$4,747 | -$3,126 |
| Income before income taxes | $60,505 | $68,208 | $237,097 | $247,841 |
| Income tax expense | $10,629 | $12,752 | $47,841 | $50,626 |
| Net income | $49,876 | $55,456 | $189,256 | $197,215 |
| Net income per Class A Nonvoting Common Share: | ||||
| Basic | $1.05 | $1.17 | $3.97 | $4.10 |
| Diluted | $1.04 | $1.15 | $3.94 | $4.07 |
| Net income per Class B Voting Common Share: | ||||
| Basic | $1.05 | $1.17 | $3.96 | $4.08 |
| Diluted | $1.04 | $1.15 | $3.92 | $4.05 |
| Weighted average common shares outstanding: | ||||
| Basic | 47,335 | 47,595 | 47,641 | 48,119 |
| Diluted | 47,780 | 48,063 | 48,092 | 48,496 |
| July 31, 2025 | July 31, 2024 | |
|---|---|---|
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | $174,349 | $250,118 |
| Accounts receivable, net of allowance for credit losses of $7,876 and $6,749, respectively | $231,944 | $185,486 |
| Inventories | $200,881 | $152,729 |
| Prepaid expenses and other current assets | $14,661 | $11,382 |
| Total current assets | $621,835 | $599,715 |
| Property, plant and equipment—net | $225,572 | $195,758 |
| Goodwill | $676,945 | $589,611 |
| Other intangible assets | $105,374 | $51,839 |
| Deferred income taxes | $20,862 | $15,596 |
| Operating lease assets | $58,422 | $38,504 |
| Other assets | $25,243 | $24,546 |
| Total | $1,734,253 | $1,515,569 |
| LIABILITIES AND STOCKHOLDERS’ EQUITY | ||
| Current liabilities: | ||
| Accounts payable | $105,028 | $84,691 |
| Accrued compensation and benefits | $92,657 | $77,954 |
| Taxes, other than income taxes | $21,537 | $14,061 |
| Accrued income taxes | $5,547 | $7,424 |
| Current operating lease liabilities | $15,234 | $13,382 |
| Other current liabilities | $90,329 | $67,170 |
| Total current liabilities | $330,332 | $264,682 |
| Long-term debt | $99,766 | $90,935 |
| Long-term operating lease liabilities | $43,565 | $25,342 |
| Other liabilities | $68,379 | $67,952 |
| Total liabilities | $542,042 | $448,911 |
| Stockholders’ equity: | ||
| Common stock: | ||
| Class A nonvoting common stock — Issued 51,261,487 shares, and Outstanding 51,261,487 shares, and Class B voting common stock — Issued and outstanding 3,538,628 shares | $35 | $35 |
| Additional paid-in capital | $359,269 | $353,654 |
| Retained earnings | $1,317,739 | $1,174,025 |
| Treasury stock — 7,731,475 and 7,219,025 nonvoting common stock, at cost | -$393,186 | -$351,947 |
| Accumulated other comprehensive loss | -$92,159 | -$109,622 |
| Total stockholders’ equity | $1,192,211 | $1,066,658 |
| Total | $1,734,253 | $1,515,569 |
