Brady Corporation · NYSE:BRC
Brady — Q1 FY2026 Earnings Presentation
18 slides from Brady's earnings presentation, Nov 17, 2025
Slide 1: Brady Corporation F'26 Q1 Financial Results
Brady Corporation F’26 Q1 Financial Results November 17, 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: Q1 F'26 Highlights
Q1 F’26 Highlights 3 Organic sales growth of 2.8%. Sales Growth Americas & Asia organic sales growth of 4.7%. Europe & Australia organic sales decline of 0.8%. Acquisition growth of 3.2%. GPM of 51.5% compared to 50.3% in Q1 of F’25. Gross Profit Margin Gross profit in Q1 last year included purchase
Slide 4: Sales Overview
Sales Overview 4 SALES (millions of USD) $425 $405 $397 $400 $383 $377 $375 $357 $346 $343 $343 $350 $337 $332 $323 $326 $323 $325 $300 $275 $250 $225 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 Organic 6.9% 6.3% 1.9% 6.9% 2.7% 1.6% 4.5% 1.
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% 50.2% 50.3% 50.4% $225 49.3% 50% $209 48.1% 48.0% $200 $200 $195 48% $190 $176 $177 $177 $176 $175 $170 $172 46% $162 $155 $156 $150 44% $125 42% $100 40% Q1 F'23 Q2 F'23 Q3 F'23 Q4 F'23 Q1
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% 30% 29.0% 29.0% 28.4% 28.3% 28.2% 28.3% 27.9% 27.9% $120 $118 $118 28% 27.2% 27.0% $112 $109 $106 $105 26% $97 $96 $96 $92 $93 $90 $91 $91 $90 24% $75 22% Q1 F'23 Q2 F'23 Q3 F'23 Q4 F'23 Q1
Slide 7: R&D Expense
R&D Expense 7 R&D EXPENSE AND R&D EXPENSE AS A % OF SALES (millions of USD) $26.0 5.8% 5.7% 6.0% 5.2% $23.1 $23.3 5.1% 5.1% 5.2% 5.0% 5.0% $22.0 4.7% 4.7% 4.7% 5.0% 4.7% 4.3% $19.2 $18.9 $18.7 $17.7 $17.5 $18.0 4.0% $16.8 $16.3 $15.4 $15.7 $15.7 $13.9 $14.0 3.0% $10.0 2.0% Q1 F'23 Q2 F'23 Q3 F'23 Q4
Slide 8: Income Before Income Taxes
Income Before Income Taxes 8 INCOME BEFORE INCOME TAXES (GAAP) (millions of USD) $70 $64.4 $68.2 $65.7 $68.5 $63.0 $63.8 $59.4 $60.5 $58.8 $60 $55.8 $52.0 $50.3 $48.5 $50 $40 $30 $20 $10 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 F'23 F'23 F'23 F'23 F'24 F'24 F'24 F'24 F'25 F'25 F'25 F'25 F'26 Year-on-Y
Slide 9: Net Income & Diluted EPS
Net Income & Diluted EPS 9 NET INCOME (GAAP) (millions of USD) DILUTED EPS (GAAP) $60 $1.20 $1.15 $1.13 $55.5 $1.09 $53.9 $1.05 $1.04 $52.3 $50.9 $1.00 $49.9 $50 $48.1 $49.4 $1.00 $0.96 $0.97 $0.97 $47.2 $46.8 $0.90 $43.6 $0.83 $39.4 $40.3 $0.79 $40 $38.0 $0.80 $0.76 $30 $0.60 $20 $0.40 Q1 Q2 Q3 Q4
Slide 10: Cash Generation
Cash Generation 10 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 Q1 OF F’26: $58.3 Overview: $45 $39.6 $36.1 $33.4 $28.0 $29.4 Cash flow from operating activities was $33.4M in $23.4 Q1 of F’26 vs. $23.4M in Q1 of F’25. $20 Free cash
Slide 11: Net Cash
Net Cash 11 NET CASH (millions of USD) $159 $150 $123 $102 $100 $96 $97 $84 $75 $67 $51 $49 $50 $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 STRONG BALANCE SHEET: October 31, 2025 cash = $182.7M. October 31, 2025 debt = $115.9
Slide 12: F'26 Updated Diluted EPS Guidance
12 F’26 Updated Diluted EPS Guidance GAAP Diluted EPS $4.57 to $4.82 (+16.0% to +22.3% vs. F’25) F’26 Adjusted Diluted EPS* $4.90 to $5.15 (+6.5% 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 Q1 F’26 vs. Q1 F’25 (millions of USD) Q1 F’26 SUMMARY: • Revenues increased 9.6% in Q1 of F’26: Q1 F’26 Q1 F’25 Change • Organic growth = + 4.7%. Sales $ 268.9 $ 245.4 + 9.6% • Acquisition = + 4.9%. Segment Profit 59.9 54.9 + 9.0% • Organic sales grew 3.7% in the Americas with gro
Slide 14: Europe & Australia
Europe & Australia 14 Q1 F’26 vs. Q1 F’25 (millions of USD) Q1 F’26 SUMMARY: • Revenues increased 3.6% in Q1 of F’26: Q1 F’26 Q1 F’25 Change • Organic decline = (0.8%). Sales $ 136.4 $ 131.6 + 3.6% • Fx increase = + 4.4%. Segment Profit 18.7 13.1 + 42.8% • Organic sales declined 0.9% in Europe and g
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: GAAP to Non-GAAP Reconciliations
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