Brady Corporation reported record fourth-quarter performance driven by 8.4% organic growth in its core business, following its acquisition of Honeywell's Productivity Solutions and Services (PSS) business, which secured the number 2 market position in the Automatic Identification and Data Capture (AIDC) sector and expanded its addressable market to $14 billion. For fiscal 2027, the company guides approximately $1.15 billion in revenue from the IPS segment, with $0.80 of EPS accretion expected in the first year, and plans to reduce net leverage below 2 times within two years while maintaining its 41-year dividend increase streak. The company also noted a $4 million net tariff refund positively impacted fourth-quarter gross margins, and it is managing headwinds from memory supply tightness and rising input costs. Management highlighted strong Asia performance with 20.3% organic growth, driven by manufacturing investments in India and data center demand, and emphasized a shift toward 'intelligent' solutions in the IPS segment.
Brady CorporationRecord Q4 and fiscal 2027 guidance with EPS accretion and dividend increase.
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