Brady Corp. Guides FY20 EPS In Line With Estimates - Quick Facts

(RTTNews) - While reporting financial results for the fourth quarter on Friday, Brady Corp. (BRC) initiated its earnings guidance for the full-year 2020.

For fiscal 2020, the company now expects earnings per Class A nonvoting common share in a range of $2.45 to $2.55 on organic sales growth to be about 1.5 to 2.5 percent.

On average, four analysts polled by Thomson Reuters expect the company to report earnings of $2.46 per share for the year. Analysts' estimates typically exclude special items.

The company said it expects to achieve efficiency gains in its manufacturing facilities and in selling, general and administrative expenses while increasing investments in research and development.