Brady Corporation (BRC) Financial Statements (2024 and earlier)

Company Profile

Business Address 6555 W GOOD HOPE RD
MILWAUKEE, WI 53201-0571
State of Incorp. WI
Fiscal Year End July 31
Industry (SIC) 399 - Miscellaneous Manufacturing Industries (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

10/31/2023
Q1
7/31/2023
Q4
4/30/2023
Q3
1/31/2023
Q2
10/31/2022
Q1
7/31/2022
Q4
4/30/2022
Q3
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments151,532135,047108,210114,471114,069103,068
Cash and cash equivalents151,532135,047108,210114,471114,069103,068
Receivables184,420184,907186,852180,183183,233186,843
Inventory, net of allowances, customer advances and progress billings177,078182,809195,167195,695190,023177,156
Inventory177,078182,809195,167195,695190,023177,156
Other undisclosed current assets11,79014,02013,98612,90210,74312,550
Total current assets:524,820516,783504,215503,251498,068479,617
Noncurrent Assets
Operating lease, right-of-use asset29,68827,37831,41127,24431,29330,466
Property, plant and equipment142,149139,747140,784136,320139,511125,014
Intangible assets, net (including goodwill)654,742655,894658,289648,898660,860670,018
Goodwill592,646590,684590,776579,404586,832591,780
Intangible assets, net (excluding goodwill)62,09665,21067,51369,49474,02878,238
Deferred income tax assets15,71615,12415,82615,06115,88114,804
Other noncurrent assets22,14221,84021,74819,85521,71924,325
Total noncurrent assets:864,437859,983868,058847,378869,264864,627
TOTAL ASSETS:1,389,2571,376,7661,372,2731,350,6291,367,3321,344,244
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities177,482158,883148,682248,670276,310166,936
Taxes payable27,43820,83317,174
Employee-related liabilities57,09576,76470,195
Accounts payable79,85574,74575,87679,60481,11679,567
Accrued liabilities97,62784,13872,80684,53397,597 
Other liabilities65,82863,35765,76565,35061,45861,215
Other undisclosed current liabilities14,72614,19615,402(70,407)(82,594)15,619
Total current liabilities:258,036236,436229,849243,613255,174243,770
Noncurrent Liabilities
Long-term debt and lease obligation49,71650,84977,281114,558114,14394,591
Long-term debt, excluding current maturities49,71650,84977,28199,00095,00077,000
Liabilities, other than long-term debt90,58694,38597,73980,73386,71791,645
Other liabilities74,36979,81279,91780,73386,71791,645
Operating lease, liability16,21714,57317,82215,55819,14317,591
Total noncurrent liabilities:140,302145,234175,020195,291200,860186,236
Total liabilities:398,338381,670404,869438,904456,034430,006
Equity
Equity, attributable to parent, including:990,919995,096967,404911,725911,298914,238
Common stock 548   548 
Treasury stock, value(290,209)(244,503)(233,338)(228,855)(217,856)(193,859)
Additional paid in capital351,771350,758348,513346,064345,266343,854
Accumulated other comprehensive loss(93,061)(95,401)(95,370)(126,514)(109,077)(98,888)
Retained earnings1,021,870983,694947,051920,482892,417862,583
Other undisclosed equity, attributable to parent 548548548 548
Total equity:990,919995,096967,404911,725911,298914,238
TOTAL LIABILITIES AND EQUITY:1,389,2571,376,7661,372,2731,350,6291,367,3321,344,244

Income Statement (P&L) ($ in thousands)

10/31/2023
Q1
7/31/2023
Q4
4/30/2023
Q3
1/31/2023
Q2
10/31/2022
Q1
7/31/2022
Q4
4/30/2022
Q3
Revenues345,929337,116326,249322,569323,981338,551
Cost of revenue
(Cost of Goods and Services Sold)
(170,049)(167,425)(169,809)(167,305)(160,805)(174,525)
Gross profit:175,880169,691156,440155,264163,176164,026
Operating expenses(113,835)(106,690)(107,659)(103,878)(110,260)(111,137)
Operating income:62,04563,00148,78151,38652,91652,889
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
2,426785968(157)1,587(1,308)
Interest and debt expense(653)(753)(1,239)(894)(513)(329)
Income from continuing operations before income taxes:63,81863,03348,51050,33553,99051,252
Income tax expense(14,440)(14,981)(10,524)(10,894)(12,926)(11,198)
Income from continuing operations:49,37848,05237,98639,44141,06440,054
Income before gain (loss) on sale of properties:39,44141,06440,054
Net income available to common stockholders, diluted:49,37848,05237,98639,44141,06440,054

Comprehensive Income ($ in thousands)

10/31/2023
Q1
7/31/2023
Q4
4/30/2023
Q3
1/31/2023
Q2
10/31/2022
Q1
7/31/2022
Q4
4/30/2022
Q3
Net income:49,37848,05237,98639,44141,06440,054
Other comprehensive income (loss)2,340(31)31,144(17,437)(10,189)(19,949)
Comprehensive income, net of tax, attributable to parent:51,71848,02169,13022,00430,87520,105

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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