Brady reports $25M profit during Q4

Sept. 10, 2016

MILWAUKEE — Brady Corporation announced on Friday that it’s posted a $25 million profit for the fiscal fourth quarter.

The profit comes after a net loss last year, which was partly due to a $57 million impairment charge.

Brady, 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 year ago.

“Our 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.