M&A - BRADY CORP

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.

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