Identification solutions manufacturer Brady (NYSE:BRC) reported Q2 CY2026 results that beat Wall Street's revenue expectations, with sales up 10% year on year to $436.9 million and non-GAAP profit of $1.48 per share, 1% above analysts' consensus estimates. The company's adjusted EPS guidance for the upcoming financial year 2027 is $6.50 at the midpoint, missing analyst estimates by 0.8%. Operating margin improved to 19.7% from 17.3% in the same quarter last year, driven by strong organic growth in core identification solutions and contributions from recent acquisitions, particularly the integration of Honeywell's PSS business, now IPS. Management highlighted printer unit sales up 25% and specialty adhesive materials as key growth drivers, with strength in data centers and manufacturing, while noting segment margin pressures from higher input costs and increased SG&A expenses, especially in Europe. CEO Vineet Nargolwala emphasized the successful IPS integration and expects gradual margin improvement as integration progresses, with CFO Ann Thornton noting a focus on operational efficiencies and bringing IPS back to sustainable growth.
Brady CorporationQ2 beat estimates and raised guidance, though FY27 EPS guidance slightly below consensus.
Harbin Electric