Brady Corp Reports Strong Q3 Fiscal 2026 Results with Double-Digit Sales and EPS Growth, Details PSS Acquisition Costs
BRC is trading near its 52-week low of $65.76 (11% above the low).
Summary
Brady Corp posted strong Q3 fiscal 2026 results with significant sales and EPS growth, while also detailing acquisition costs for the Honeywell PSS business and ongoing share repurchases.
Key Events · Earnings and Guidance · BRC
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Strong Q3 Fiscal 2026 Financial Performance
Net sales increased 13.8% to $435.2 million, and diluted EPS rose 11.0% to $1.21 for the three months ended April 30, 2026, compared to the prior year.
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Solid Nine-Month Growth
For the nine months ended April 30, 2026, net sales grew 9.7% to $1.22 billion, and diluted EPS increased 15.9% to $3.35.
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Honeywell PSS Acquisition Update
The company incurred $13.5 million in acquisition-related costs during Q3 for the pending $1.4 billion acquisition of Honeywell's Productivity Solutions and Services business, expected to close in the second half of calendar year 2026.
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Share Repurchase Activity
Brady Corp repurchased 63,323 shares of Class A Nonvoting Common Stock at an average price of $81.59 in April 2026, with $72.8 million remaining under the authorization.
Analysis · BRC · Manufacturing
Brady Corp's Q3 fiscal 2026 report confirms robust financial performance, building on previous quarters. The company achieved double-digit growth in net sales and diluted EPS, driven by organic expansion and recent acquisitions. The filing also provides specific details on the $13.5 million in acquisition-related costs incurred during the quarter for the pending $1.4 billion Honeywell PSS business acquisition, which is a significant strategic move. Additionally, the company continued its share repurchase program, buying back over 63,000 shares in April.
At the time of this filing, BRC was trading at $72.97 on NYSE in the Manufacturing sector, with a market capitalization of approximately $3.4B. The 52-week trading range was $65.76 to $99.29. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.