— Brady Corporation announced on Friday that it’s posted a $25
million profit for the fiscal fourth quarter.
profit comes after a net loss last year, which was partly due to a
$57 million impairment charge.
which manufactures signs, labels and other products, stated it has
a net income of $25.1 million (49 cents per share) for the
quarter. That comes in comparison of a loss of $39.4 million a
fourth quarter revenues were approximately in line with our
expectations coming into the quarter; finishing with an organic
sales decline of 0.9 percent,” said Brady Chief Financial
Officer Aaron Pearce.