Brady Corporation Q1 Profit Climbs 21%

(RTTNews) - Brady Corporation (BRC) released earnings for its first quarter that advanced compared to the same period last year.

The company said its bottom line advanced to $22.55 million, or $0.44 per share. This was higher than $18.70 million, or $0.37 per share, in last year's first quarter.

Analysts had expected the company to earn $0.43 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 1.0% to $280.18 million. This was down from $283.07 million last year.

Brady Corporation earnings at a glance:

-Earnings (Q1): $22.55 Mln. vs. $18.70 Mln. last year. -Earnings Growth (Y-o-Y): 20.6% -EPS (Q1): $0.44 vs. $0.37 last year. -EPS Growth (Y-o-Y): 18.9% -Analysts Estimate: $0.43 -Revenue (Q1): $280.18 Mln vs. $283.07 Mln last year. -Revenue Change (Y-o-Y): -1.0%

-Guidance: Full year EPS guidance: $1.55 - $1.70