Key Developments: Brady Corp (BRC)
33.87USD
22 May 2013
$-1.10 (-3.15%)
$34.97
$34.90
$35.01
$33.84
273,174
220,770
$36.45
$24.72
Latest Key Developments (Source: Significant Developments)
Brady Corp Comments On Q4 3013 Revenue Guidance; Issues Q4 2013 EPS Guidance In Line With Analysts' Estimates-Conference Call
Brady Corp announced that for the fourth quarter of 2013, it expects low single digit organic sales decline and expect the EPS from continuing operations to range from $0.45 to $0.55, exclusive of restructuring charges and certain other items. According to I/B/E/S Estimates, analysts are expecting the Company to report EPS of $0.51 for the fourth quarter of 2013. Full Article
Brady Corp Announces Plan To Sell Its Asia-based Die-Cut Business
Brady Corp announced that it plans to sell its Asia-based Die-Cut business. This business, with sales of $179 million during the year ended July 31, 2012, consists of the manufacture and sale of high-performance products such as gaskets, meshes, heat dissipation materials, antennae, dampers, filters, and similar products sold primarily into the electronics industry with a concentration in the mobile-handset and hard-disk drive industries. Full Article
Brady Corp Declares Quarterly Dividend To Shareholders
Brady Corp announced that Board of Directors has declared a quarterly dividend to shareholders of the Company's Class A Common Stock of $0.19 per share, payable on July 31, 2013, to shareholders of record at the close of business on July 10, 2013. Full Article
Brady Corp Sees FY 2013 EPS At Low End Of Prior Guidance
Brady Corp announced that for fiscal 2013, including $0.05 to $0.07 of anticipated earnings from PDC as well as some savings from restructuring activities in the fourth quarter, the Company expects earnings per diluted Class A common share to be towards the lower end of prior guidance of between $2.20 and $2.40, exclusive of non-routine items, restructuring charges, and other items, for full-year fiscal 2013, with the fourth quarter being stronger than the third quarter. Full Article
Brady Corp Declares Quarterly Dividend
Brady Corp announced that the Board of Directors has declared a quarterly dividend to shareholders of the Company's Class A Common Stock of $0.19 per share, payable on April 30, 2013, to shareholders of record at the close of business on April 10, 2013. Full Article
Water Street Sells Precision Dynamics Corporation To Brady Corp
Brady Corp announced that Water Street Healthcare Partners, a strategic private equity firm focused exclusively on the health care industry, announced that it has sold Precision Dynamics Corporation (PDC) to Brady Corporation in a cash transaction for $300 million. Full Article
Brady Corp Reaffirms FY 2013 EPS Guidance
Brady Corp announced that for fiscal 2013, it expects earnings per diluted Class A Common Share guidance of between $2.20-$2.40. According to I/B/E/S Estimates, analysts are expecting the Company to report EPS of $2.25 for fiscal 2013. Full Article
Brady Corp Declares Regular Dividend
Brady Corp announced that Board declared a quarterly dividend to shareholders of the Company`s Class A Common Stock of $0.19 per share payable January 31, 2013 to shareholders of record at the close of business on January 10, 2013. Full Article
Brady Corp Issues FY 2013 EPS Guidance In Line With Analyst's Estimates; Announces Share Buyback Program
Brady Corp announced that for fiscal 2013, it expects earnings per diluted Class A Common Share of between $2.20 and $2.40, exclusive of after-tax restructuring charges. It is based on current exchange rates, a share count consistent with that as of July 31, 2012, a full-year income tax rate in the mid-to-upper 20% range, capital expenditures of approximately $35 million and depreciation and amortization of approximately $45 million. According to I/B/E/S Estimates, analysts are expecting the Company to report EPS of $2.32 for fiscal 2013. The Company also announced that announced that its Board of Directors authorized a share buyback program for up to two million shares of the Company’s Class A Common Stock. The share buyback plan may be implemented from time to time on the open market or in privately negotiated transactions. Full Article
Brady Corp Increases Dividend
Brady Corp announced an increase in its annual dividend to shareholders of the Company’s Class A Common stock from $0.74 per share to $0.76 per share. A quarterly dividend of $0.19 per share will be paid on October 31, 2012 to shareholders of record at the close of business on October 10, 2012. Full Article
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