Brady Corp. Issues 2019 Guidance - Quick Facts

(RTTNews) - Brady Corp. (BRC) announced the company expects organic sales growth to range from 2.0 percent to 4.0 percent for the year ending July 31, 2019. Brady expects earnings per diluted Class A Nonvoting Common Share to range from $2.15 to $2.25.

Earnings per diluted Class A Nonvoting Common Share were $0.66 for the fourth quarter of fiscal 2018, compared to $0.48 in the same quarter last year. The company noted that its results were increased by approximately $0.09 per diluted Class A Nonvoting Common Share due to the sale of the Runelandhs business. Sales for the quarter ended July 31, 2018 increased 2.9 percent to $297.5 million compared to $289.2 million in the same quarter last year.