Brady Corporation reported record revenue and adjusted earnings per share for fiscal 2026, its sixth consecutive year of record earnings, and provided its first full-year outlook following the acquisition of Honeywell's Productivity Solutions and Services business, now called Intelligent Productivity Solutions (IPS). President and CEO Vineet Nargolwala, who succeeded retired former CEO Russell Shaller about three months earlier, said the recently closed IPS acquisition represents a shift in Brady's positioning from a traditional industrial company toward an industrial technology company. Fiscal fourth-quarter sales increased 10% from the prior year, driven by 8.4% organic growth, a 1.1% contribution from acquisitions and a 0.5% benefit from foreign-currency translation, according to CFO Ann Thornton. Adjusted diluted EPS rose 17.5% to $1.48, while GAAP diluted EPS was $0.96. The company announced its 41st consecutive annual dividend increase and repurchased 333,000 shares for $28.1 million in the quarter. For fiscal 2027, Brady expects adjusted diluted EPS of $6.25 to $6.75, with IPS contributing approximately $1.15 billion in revenue and approximately $0.80 in EPS accretion, and IDS organic revenue growth of approximately 5%.
Brady CorporationRecord revenue and EPS, raised dividend, and provided strong fiscal 2027 outlook with EPS accretion from IPS acquisition.
Honeywell International Inc