Slide 1: F’26 Q2 Financial Results
Brady Corporation F’26 Q2 Financial Results February 19, 2026
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: Q2 F’26 Highlights
Q2 F’26 Highlights 3 Organic sales growth of 1.6%. Sales Growth Americas & Asia organic sales growth of 3.1%. Europe & Australia organic sales decline of 1.1%. Acquisition growth of 2.3%. GPM of 50.6% compared to 49.3% in Q2 of F’25. Gross Profit Margin Gross profit in Q2 last year included facility
Slide 4: Sales Overview
Sales Overview 4 SALES (millions of USD) $425 $405 $397 $400 $384 $377 $383 $375 $357 $350 $346 $343 $343 $337 $332 $323 $326 $323 $325 $300 $275 $250 $225 6.9% 6.3% 1.9% 6.9% 2.7% 1.6% 4.5% 1.6% 3.6% 2.6% 1.6% 2.4% 2.8% 1.6% Organic Growth Q2 F’26 SALES: Q2 F’26 SALES COMMENTARY: Total sales increa
Slide 5: Gross Profit Margin
Gross Profit Margin 5 GROSS PROFIT & GPM% (millions of USD) $250 51.7% 51.6% 51.6% 51.5% 52% 50.8% 51.0% 50.3% 50.4% 50.6% 50.2% 50.3% $225 49.3% $209 48.1% 48.0% $200 $200 $195 $194 $190 $176 $177 $177 $176 $175 $170 $172 $162 $155 $156 $150 $125 $100 40% Q1 F'23 Q2 F'23 Q3 F'23 Q4 F'23 Q1 F'24 Q2
Slide 6: SG&A Expense
SG&A Expense 6 SG&A EXPENSE AND SG&A EXPENSE AS A % OF SALES (millions of USD) $150 32% $135 29.7% 29.7% 29.7% 29.0% 29.0% 28.3% 28.2% 28.3% 28.4% 27.9% 27.9% 28.1% $120 $118 $118 27.0% 27.2% $112 $109 $108 $106 $105 $97 $96 $96 $92 $93 $90 $91 $91 $90 $75 22% Q1 F'23 Q2 F'23 Q3 F'23 Q4 F'23 Q1 F'24
Slide 7: R&D Expense
R&D Expense 7 R&D EXPENSE AND R&D EXPENSE AS A % OF SALES (millions of USD) $30.0 7.0% 6.3% $26.0 5.8% 5.7% $24.3 5.2% 5.2% $23.1 $23.3 5.1% 5.1% 5.0% 5.0% $22.0 4.7% 4.7% 4.7% 4.7% 4.3% $19.2 $18.9 $18.7 $18.0 $17.7 $17.5 $16.8 $16.3 $15.4 $15.7 $15.7 $13.9 $14.0 $10.0 2.0% Q1 F'23 Q2 F'23 Q3 F'23
Slide 8: Income Before Income Taxes
Income Before Income Taxes 8 INCOME BEFORE INCOME TAXES (GAAP) (millions of USD) $80 $70 $68.2 $68.5 $63.8 $64.4 $65.7 $63.0 $62.0 $59.4 $58.8 $60.5 $60 $55.8 $50.3 $52.0 $50 $48.5 $40 $30 $20 $10 12.6% 15.4% 23.0% 18.2% 18.0% 15.1% 2.2% 6.9% (1.0%) (6.8%) 2.1% (11.3%) 16.5% 19.1% Year-on-Year Growt
Slide 9: Net Income & Diluted EPS
Net Income & Diluted EPS 9 NET INCOME (GAAP) (millions of USD) DILUTED EPS (GAAP) $1.20 $1.15 $60 $1.13 $55.5 $1.09 $53.9 $1.05 $52.3 $1.04 $49.4 $50.9 $49.9 $1.04 $1.00 $1.01 $50 $48.1 $48.1 $0.96 $0.97 $0.97 $47.2 $46.8 $0.90 $43.6 $0.88 $0.83 $39.4 $40.3 $40 $38.0 $0.79 $0.76 $0.72 $30 $0.56 $20
Slide 10: Cash Generation
Cash Generation 10 CASH FLOW FROM OPERATING ACTIVITIES (millions of USD) $90 $84.0 $79.3 $72.5 $72.7 $72 $62.3 $59.9 $58.3 CASH FLOWS IN Q2 OF F’26: $53.3 $54 Overview: $39.6 $36.1 $36 $33.4 Cash flow from operating activities was $53.3M in $28.0 $29.4 $23.4 Q2 of F’26 vs. $39.6M in Q2 of F’25. $18
Slide 11: Net Cash
Net Cash 11 NET CASH (millions of USD) $175 $159 $131 $123 $102 $98 $96 $97 $88 $84 $75 $67 $51 $49 $44 $31 $29 $15 $0 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 Q4 F'25 Q1 F'26 Q2 F'26 STRONG BALANCE SHEET: January 31, 2026 cash = $176.5M. January 31, 20
Slide 12: F’26 Updated Diluted EPS Guidance
12 F’26 Updated Diluted EPS Guidance GAAP Diluted EPS $4.62 to $4.82 (+17.3% to +22.3% vs. F’25) F’26 Adjusted Diluted EPS* $4.95 to $5.15 (+7.6% to +12.0% vs. F’25) Guidance Assumptions: Organic sales growth in the low-single digit percentages. Full-year income tax rate of approximately 21%. Foreig
Slide 13: Americas & Asia
Americas & Asia 13 Q2 F’26 vs. Q2 F’25 (millions of USD) Q2 F’26 SUMMARY: • Revenues increased 7.6% in Q2 of F’26: Q2 F’26 Q2 F’25 Change • Organic growth = + 3.1%. Sales • Acquisition = + 3.5%. $ 251.6 $ 233.8 + 7.6% • Fx increase = +1.0%. Segment Profit 53.8 46.0 + 16.9% • Organic sales grew 1.4%
Slide 14: Europe & Australia
Europe & Australia 14 Q2 F’26 vs. Q2 F’25 (millions of USD) Q2 F’26 SUMMARY: • Revenues increased 7.9% in Q2 of F’26: Q2 F’26 Q2 F’25 Change • Organic decline = (1.1%). Sales • Fx increase = + 9.0%. $ 132.5 $ 122.8 + 7.9% Segment Profit 15.4 11.4 + 35.5% • Organic sales declined 1.1% in Europe and d
Slide 15: Investor Relations
Investor Relations 15 Brady Contact: Ann Thornton Investor Relations 414-438-6887 Ann_Thornton@bradycorp.com See our website at www.bradycorp.com/investors
Slide 16: Appendix
Appendix GAAP to Non-GAAP Reconciliations
Slide 17: Non-GAAP Reconciliations
Non-GAAP Reconciliations 17 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 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