M&A - BRADY CORP

Form Type: 10-Q

Filing Date: 2025-05-16

Corporate Action: Acquisition

Type: Update

Accession Number: 000074659825000030

Filing Summary: Brady Corporation filed a 10-Q quarterly report reflecting the financial performance for the period ended April 30, 2025. Key highlights include net sales of $382.6 million for the quarter, demonstrating a significant increase from $343.4 million in the same quarter of the prior year. The company's net income was reported at $52.3 million, compared to $50.9 million in the prior year. The statement of cash flows reveals a net cash provided by operating activities of $122.9 million, though there were significant cash outflows for investing activities totaling $165.1 million, primarily due to recent acquisitions including Gravotech Holding, American Barcode and RFID Incorporated, and Microfluidic Solutions. The company's total assets amounted to approximately $1.7 billion, reflecting a robust balance sheet with total equity of $1.17 billion. Key liabilities increased to $530.6 million, within which long-term debt stood at $102.8 million. The report outlines ongoing investments in strategic sectors amid a competitive market landscape and regulatory changes impacting segment reporting standards effective in fiscal 2025. Further details of the company's comprehensive income were highlighted, showing an increase driven by positive foreign currency translation adjustments and pension adjustments. The financial stability of Brady Corporation is underscored by its performance and proactive strategies towards growth and transformation in the market.

Form Type: 10-Q

Filing Date: 2025-02-21

Corporate Action: Acquisition

Type: Update

Accession Number: 000074659825000008

Filing Summary: Brady Corporation reported its financial results for the quarter ending January 31, 2025, revealing a net income of $40.334 million compared to $43.628 million in the previous year. The company experienced a notable increase in net sales, reaching $356.675 million, up from $322.624 million year-over-year. This increase is attributed to both organic growth and recent acquisitions, specifically naming Gravotech Holding and American Barcode and RFID Incorporated as major contributors to its revenue and intangible assets. The overall net cash provided by operating activities was $63 million, though the net cash used in investing activities was $151.7 million, primarily due to the acquisitions. Brady Corp also reported a total liabilities figure of $468.232 million and total stockholders' equity of $1.120 billion, highlighting strong financial health. Amortization of intangible assets linked to recent acquisitions was noted alongside significant investments in property and equipment. Furthermore, the company provided details on its share structure and organized comprehensive financial data to facilitate investor understanding.