Brady Corporation · NYSE:BRC
Brady — Q3 F2025 Earnings Presentation
19 slides from Brady's earnings presentation, May 16, 2025
Slide 1: Brady Corporation F'25 Q3 Financial Results
Brady Corporation F’25 Q3 Financial Results May 16, 2025
Slide 2: Forward-Looking Statements
Forward-Looking Statements 2 In this news release, statements that are not reported financial results or other historic information are “forward-looking statements.” These forward-looking statements relate to, among other things, the Company's future financial position, business strategy, targets, p
Slide 3: Q3 F'25 Highlights
Q3 F’25 Highlights 3 Organic sales growth of 1.6%. Sales Growth Americas & Asia organic sales growth of 5.4%. Europe & Australia organic sales decline of 5.4%. Acquisition growth of 10.5%. Gross Profit Margin GPM of 51.0% compared to 51.6% in Q3 of F’24. Gross profit includes facility closure and ot
Slide 4: YTD Q3 F'25 Sales by Geography
Geographic Presence 4 YTD Q3 F’25 Sales by Geography (90 facilities in 35 countries) 6% 5% 3% 52% 30% 4% U.S.A. Rest of Americas Asia (excl. China) China Europe, Middle East & Africa Australia Brazil, Canada, India, Japan, Austria, Belgium, Denmark, Finland, Mexico. Malaysia, France, Germany, Hungar
Slide 5: Sales Overview
Sales Overview 5 SALES (millions of USD) $400 $383 $377 $375 $357 $346 $343 $343 $350 $339 $337 $332 $321 $324 $323 $326 $323 $325 $318 $300 $275 $250 $225 Q1 F'22 Q2 F'22 Q3 F'22 Q4 F'22 Q1 F'23 Q2 F'23 Q3 F'23 Q4 F'23 Q1 F'24 Q2 F'24 Q3 F'24 Q4 F'24 Q1 F'25 Q2 F'25 Q3 F'25 Organic 7.0% 13.1% 9.0%
Slide 6: Gross Profit Margin
Gross Profit Margin 6 GROSS PROFIT & GPM% (millions of USD) $225 51.7% 51.6% 51.6% 52% 50.8% 51.0% 50.4% 50.3% 50.2% 50.3% 49.3% 50% $200 48.2% 48.4% 48.1% 48.0% $195 $190 47.0% 48% $176 $177 $177 $176 $175 $170 $172 46% $164 $163 $162 $155 $155 $156 $149 44% $150 42% $125 40% $100 38% Q1 F'22 Q2 F'
Slide 7: SG&A Expense
SG&A Expense 7 SG&A EXPENSE AND SG&A EXPENSE AS A % OF SALES (millions of USD) $150 35% $140 30.1% 29.2% 29.7% 29.7% 29.1% 29.0% 30% $130 28.4% 27.9% 28.3% 28.2% 28.3% 27.9% 28.4% 27.0% 27.2% $120 $112 25% $109 $110 $106 $100 $97 $96 $97 $96 $96 $95 $93 $93 $90 $92 $91 $91 20% $90 $80 15% $70 $60 10
Slide 8: R&D Expense
R&D Expense 8 R&D EXPENSE AND R&D EXPENSE AS A % OF SALES (millions of USD) $22.0 5.2% 5.2% 5.5% 5.1% 5.1% 5.0% 5.0% 4.9% 4.7% 4.7% 4.7% 4.7% $20.0 $19.2 4.4% 4.3% $18.9 $18.7 4.3% 4.4% 4.5% $18.0 $17.7 $17.5 $16.8 $16.3 $16.0 $15.8 $15.7 $15.7 3.5% $15.4 $14.9 $13.9 $14.0 $13.9 $14.0 2.5% $12.0 $10
Slide 9: Income Before Income Taxes
Income Before Income Taxes 9 INCOME BEFORE INCOME TAXES (GAAP) (millions of USD) $70 $64.4 $68.2 $65.7 $63.0 $63.8 $59.4 $58.8 $60 $55.8 $54.0 $52.0 $51.3 $50.3 $48.5 $50 $44.7 $42.0 $40 $30 $20 $10 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 F'22 F'22 F'22 F'22 F'23 F'23 F'23 F'23 F'24 F'24 F'24 F
Slide 10: Net Income & Diluted EPS
Net Income & Diluted EPS 10 NET INCOME (GAAP) (millions of USD) DILUTED EPS (GAAP) $60 $1.20 $1.15 $55.5 $1.09 $1.05 $52.3 $50.9 $1.00 $50 $48.1 $49.4 $1.00 $0.96 $0.97 $0.97 $47.2 $46.8 $0.90 $43.6 $0.81 $0.79 $0.83 $40.1 $41.1 $39.4 $40.3 $0.78 $40 $38.0 $0.80 $0.76 $35.0 $0.67 $0.65 $33.8 $30 $0.
Slide 11: Cash Generation
Cash Generation 11 CASH FLOW FROM OPERATING ACTIVITIES (millions of USD) $95 $84.0 $79.3 $72.5 $72.7 $70 $62.3 $59.9 CASH FLOWS IN Q3 OF F’25: $53.2 Overview: $45 $40.9 $39.6 $36.1 $27.5 $28.0 $29.4 Cash flow from operating activities was $59.9M in $23.4 Q3 of F’25 vs. $72.7M in Q3 of F’24. $20 ($3.
Slide 12: Net Cash
Net Cash 12 NET CASH (millions of USD) $350 $300 $250 $200 $159 $150 $123 $102 $96 $97 $100 $91 $84 $64 $51 $49 $50 $26 $31 $29 $19 $15 $0 Q1 F'22 Q2 F'22 Q3 F'22 Q4 F'22 Q1 F'23 Q2 F'23 Q3 F'23 Q4 F'23 Q1 F'24 Q2 F'24 Q3 F'24 Q4 F'24 Q1 F'25 Q2 F'25 Q3 F'25 STRONG BALANCE SHEET: April 30, 2025 cash
Slide 13: F'25 Updated Diluted EPS Guidance
13 F’25 Updated Diluted EPS Guidance GAAP Diluted EPS $3.95 to $4.10 F’25 Adjusted Diluted EPS* $4.48 to $4.63 Guidance Assumptions: Organic sales growth in the low-single digit percentages. Full-year income tax rate of approximately 20%. Foreign currency exchange rates as of April 30, 2025. Depreci
Slide 14: Americas & Asia
Americas & Asia 14 Q3 F’25 vs. Q3 F’24 (millions of USD) Q3 F’25 SUMMARY: • Revenues increased 12.9% in Q3 of F’25: Q3 F’25 Q3 F’24 Change • Organic growth = + 5.4%. Sales $ 253.7 $ 224.8 12.9% • Fx decrease = (1.1%). • Acquisition = + 8.6%. Segment Profit 57.2 49.7 + 15.0% • Organic sales grew 3.3%
Slide 15: Europe & Australia
Europe & Australia 15 Q3 F’25 vs. Q3 F’24 (millions of USD) Q3 F’25 SUMMARY: • Revenues increased 8.7% in Q3 of F’25: Q3 F’25 Q3 F’24 Change • Organic decline = (5.4%). Sales $ 128.9 $ 118.6 8.7% • Fx decrease = (0.1%). • Acquisition = 14.2% Segment Profit 17.5 19.5 (10.5%) • Organic sales declined
Slide 16: Investor Relations
Investor Relations 16 Brady Contact: Ann Thornton Investor Relations 414-438-6887 Ann_Thornton@bradycorp.com See our website at www.bradycorp.com/investors
Slide 17: Appendix: GAAP to Non-GAAP Reconciliations
Appendix GAAP to Non-GAAP Reconciliations
Slide 18: Non-GAAP Reconciliations
Non-GAAP Reconciliations 18 GAAP to NON-GAAP MEASURES (Unaudited; Dollars in Thousands, Except Per Share Amounts) In accordance with the U.S. Securities and Exchange Commission’s Regulation G, the following provides definitions of the non-GAAP measures used in the earnings release and the reconcilia
Slide 19: Non-GAAP Reconciliations
Non-GAAP Reconciliations 19 GAAP to NON-GAAP MEASURES (Unaudited; Dollars in Thousands, Except Per Share Amounts) In accordance with the U.S. Securities and Exchange Commission’s Regulation G, the following provides definitions of the non-GAAP measures used in the earnings release and the reconcilia