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olivLaw · US equity research

Brady Corporation BRC

Miscellaneous Manufacturing Industries · SIC 3990 · Vertical: Miscellaneous Manufacturing Industries (SIC 3990)

79.79USD−3.68% · 1 dayClose 05 Nov 2026

Brady Corporation is a global maker of identification and workplace safety solutions, headquartered in Milwaukee. With the PSS business from Honeywell acquired in August 2026, it is widening its portfolio toward productivity and logistics, and net sales rose 9.8% in fiscal 2026 to 1.66 billion USD.

At the close of 05 Nov 2026, Brady Corporation (BRC) stock was 79.79 USD (−3.68% on the day), with dividend yield 0.98%, beta 0.63, 52-week range 70.96–98.24 USD. Latest reported quarter (Q4 2026): revenue of 436.9 m USD (+10.0% YoY), net income of 45.6 m USD (−8.6% YoY).

Data as of · AI analysis dated · Source: SEC filings and closing prices, computed by olivLaw.

Market cap
unavailable
P/E (TTM)
unavailable
E/P (TTM)
unavailable
Dividend yield
0.98%
DPS 12m 0.78
Beta (2y)
0.63
Volatility (1y) 33%
52-week range
70.9698.24

Price history

Loading chart…

Technical reading

RSI (14)
36.8
weak (30–45)
Bollinger (20, 2)
80.19 – 85.70
below the lower band · %B -0.07 · band width 6.6%
SMA 50 / 200
85.02 / 86.93
downtrend (price < SMA50 < SMA200)
MACD (12, 26, 9)
-0.88 / -0.90
MACD above signal

Indicators describe past prices; on their own they do not predict direction. On our history the RSI ≤ 40 filter added no return (see the signals methodology).

Performance

CompanyS&P 500vs S&P 500Vertical median
1 month−6.3%−5.9%−0.3 pp—
3 months−18.8%−4.6%−14.2 pp—
6 months+0.3%+0.2%+0.1 pp—
Year to date+1.8%+7.4%−5.6 pp—
1 year+5.0%+8.2%−3.2 pp−45.6%
3 years+49.9%+68.4%−18.5 pp−3.3%
5 years+43.5%+56.5%−13.1 pp—
Max drawdown (1y)
−26.3%
13 Feb 2026 → 15 May 2026
Max drawdown (5y)
−26.3%
13 Feb 2026 → 15 May 2026
Compound annual growth (5y)
+7.5%
S&P 500 +9.4%

Price returns, dividends excluded.

Quarterly results

Latest quarter: Q4 2026 · 31 Jul 2026

Revenue
436.9 m USD
+10.0% YoY
Net income
45.6 m USD
−8.6% YoY
Diluted EPS
unavailable
unavailable YoY
net / operating
10.4% / 13.8%

Quarterly margins

Quarterly statements · USD

Fiscal yearQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26Q4 '26
Revenue377.1 m356.7 m382.6 m397.3 m405.3 m384.1 m435.2 m436.9 m
Cost of revenue187.4 m180.8 m187.5 m197.0 m196.5 m189.7 m209.8 m205.8 m
Gross profit189.7 m175.8 m195.1 m200.2 m208.8 m194.4 m225.5 m231.1 m
Research & development18.9 m18.7 m19.2 m23.1 m23.3 m24.3 m23.5 m22.9 m
SG&A111.8 m105.9 m108.7 m117.9 m117.6 m107.9 m128.7 m148.1 m
Operating income58.9 m51.2 m67.2 m59.3 m68.0 m62.2 m73.2 m60.1 m
Depreciation & amortisation10.2 m9.9 m10.2 m10.4 m11.0 m11.2 m11.3 m11.3 m
Interest expense1.4 m1.3 m936.0 k1.1 m1.2 m990.0 k1.3 m6.2 m
Pre-tax income58.8 m52.0 m65.7 m60.5 m68.5 m62.0 m73.4 m55.6 m
Income tax12.0 m11.7 m13.5 m10.6 m14.5 m14.0 m15.6 m10.0 m
Net income46.8 m40.3 m52.3 m49.9 m53.9 m48.1 m57.8 m45.6 m
Operating cash flow23.4 m39.6 m ≈59.9 m ≈58.3 m33.4 m53.3 m ≈78.2 m ≈79.2 m
Capex7.3 m7.1 m ≈4.3 m ≈8.9 m11.0 m11.0 m ≈11.0 m ≈18.5 m
Dividends paid11.4 m11.5 m ≈11.4 m ≈11.3 m11.5 m11.6 m ≈11.6 m ≈11.5 m
Share repurchases00 ≈33.2 m ≈17.7 m4.1 m4.9 m ≈5.2 m ≈28.1 m

≈ derived quarter (cumulative difference / share-days average)

E/P over time

EPS unavailable in the issuer's structured filings (e.g. a partnership reports per unit, not per share).

E/P = trailing-12-month diluted EPS / price at quarter end. E/P is the inverse of P/E and stays defined when earnings are negative.

Fiscal years

Fiscal year20192020202120222023202420252026
Revenue1.2 bn1.1 bn1.1 bn1.3 bn1.3 bn1.3 bn1.5 bn1.7 bn
Revenue YoY−1.1%−6.8%+5.9%+13.7%+2.3%+0.7%+12.8%+9.8%
Net income131.3 m112.4 m129.7 m150.0 m174.9 m197.2 m189.3 m205.4 m
Net income YoY+44.1%−14.4%+15.4%+15.7%+16.6%+12.8%−4.0%+8.5%
Diluted EPSunavailableunavailableunavailableunavailableunavailableunavailableunavailableunavailable
Diluted EPS YoYunavailableunavailableunavailableunavailableunavailableunavailableunavailableunavailable
net %11.3%10.4%11.3%11.5%13.1%14.7%12.5%12.4%
Free cash flow129.4 m113.7 m178.5 m75.3 m189.9 m175.2 m153.6 m192.7 m

Reported results vs expectations

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Balance sheet & financial health

Fiscal year 2026 · 31 Jul 2026

Cash
187.1 m USD
Financial debt
15.0 m USD
Net debt
-172.2 m USD
Equity
1.4 bn USD
Total assets
1.9 bn USD
Debt / equity
0.01x
Current ratio
1.94x
ROE
16.1%
ROA
11.5%
FCF margin
11.6%

Financial statements (source on every figure)

Revenue and net income (USD)

Margins

Income statement · USD

Revenue
2024
1.3 bn
2025
1.5 bn
2026
1.7 bn

SEC (XBRL)· 03 Sept 2026verified

Cost of revenue
2024
653.5 m
2025
752.8 m
2026
801.7 m

SEC (XBRL)· 03 Sept 2026verified

Gross profit
2024
687.9 m
2025
760.8 m
2026
859.8 m

SEC (XBRL)· 03 Sept 2026verified

Research & development
2024
67.7 m
2025
79.9 m
2026
94.0 m

SEC (XBRL)· 03 Sept 2026verified

SG&A
2024
376.7 m
2025
444.3 m
2026
502.3 m

SEC (XBRL)· 03 Sept 2026verified

Operating income
2024
243.4 m
2025
236.6 m
2026
263.5 m

SEC (XBRL)· 03 Sept 2026verified

Depreciation & amortisation
2024
29.9 m
2025
40.6 m
2026
44.9 m

SEC (XBRL)· 03 Sept 2026verified

EBITDA
2024
273.3 m ≈
2025
277.3 m ≈
2026
308.4 m ≈

SEC (XBRL)· 03 Sept 2026derived

Interest expense
2024
3.1 m
2025
4.7 m
2026
9.7 m

SEC (XBRL)· 03 Sept 2026verified

Pre-tax income
2024
247.8 m
2025
237.1 m
2026
259.4 m

SEC (XBRL)· 03 Sept 2026verified

Income tax
2024
50.6 m
2025
47.8 m
2026
54.0 m

SEC (XBRL)· 03 Sept 2026verified

Net income
2024
197.2 m
2025
189.3 m
2026
205.4 m

SEC (XBRL)· 03 Sept 2026verified

Weighted average diluted shares
2024
48.5 m
2025
48.1 m
2026
47.8 m

SEC (XBRL)· 03 Sept 2026verified

Balance sheet · USD

Cash
2024
250.1 m
2025
174.3 m
2026
187.1 m

SEC (XBRL)· 03 Sept 2026verified

Receivables
2024
185.5 m
2025
231.9 m
2026
260.9 m

SEC (XBRL)· 03 Sept 2026verified

Inventories
2024
152.7 m
2025
200.9 m
2026
225.2 m

SEC (XBRL)· 03 Sept 2026verified

Current assets
2024
599.7 m
2025
621.8 m
2026
688.5 m

SEC (XBRL)· 03 Sept 2026verified

Property, plant & equipment, net
2024
195.8 m
2025
225.6 m
2026
254.5 m

SEC (XBRL)· 03 Sept 2026verified

Goodwill
2024
589.6 m
2025
676.9 m
2026
686.0 m

SEC (XBRL)· 03 Sept 2026verified

Intangibles (excl. goodwill)
2024
51.8 m
2025
105.4 m
2026
97.8 m

SEC (XBRL)· 03 Sept 2026verified

Total assets
2024
1.5 bn
2025
1.7 bn
2026
1.9 bn

SEC (XBRL)· 03 Sept 2026verified

Accounts payable
2024
84.7 m
2025
105.0 m
2026
108.7 m

SEC (XBRL)· 03 Sept 2026verified

Long-term debt
2024
90.9 m
2025
99.8 m
2026
15.0 m

SEC (XBRL)· 03 Sept 2026verified

Current liabilities
2024
264.7 m
2025
330.3 m
2026
355.5 m

SEC (XBRL)· 03 Sept 2026verified

Total liabilities
2024
448.9 m
2025
542.0 m
2026
494.4 m

SEC (XBRL)· 03 Sept 2026verified

Equity
2024
1.1 bn †
2025
1.2 bn †
2026
1.4 bn †

SEC (XBRL)· 03 Sept 2026verified

Cash flow · USD

Operating cash flow
2024
255.1 m
2025
181.2 m
2026
244.1 m

SEC (XBRL)· 03 Sept 2026verified

Capex
2024
79.9 m
2025
27.6 m
2026
51.5 m

SEC (XBRL)· 03 Sept 2026verified

Free cash flow
2024
175.2 m ≈
2025
153.6 m ≈
2026
192.7 m ≈

SEC (XBRL)· 03 Sept 2026derived

Investing cash flow
2024
-81.0 m
2025
-171.3 m
2026
-59.0 m

SEC (XBRL)· 03 Sept 2026verified

Financing cash flow
2024
-70.5 m
2025
-83.9 m
2026
-177.4 m

SEC (XBRL)· 03 Sept 2026verified

Dividends paid
2024
45.1 m
2025
45.5 m
2026
46.1 m

SEC (XBRL)· 03 Sept 2026verified

Share repurchases
2024
72.2 m
2025
50.8 m
2026
42.2 m

SEC (XBRL)· 03 Sept 2026verified

Computed indicators

Growth

Revenue growth (YoY)
9.8%
computed by olivLawFY 2026
Revenue CAGR 3Y
7.7%
computed by olivLawFY 2023 → FY 2026
Revenue CAGR 5Y
7.7%
computed by olivLawFY 2021 → FY 2026
EBIT growth (YoY)
11.3%
computed by olivLawFY 2026
Net income growth (YoY)
8.5%
computed by olivLawFY 2026
Net income CAGR 3Y
5.5%
computed by olivLawFY 2023 → FY 2026
Net income CAGR 5Y
9.6%
computed by olivLawFY 2021 → FY 2026
EPS growth (YoY)
unavailable
input data missing
EPS CAGR 3Y
unavailable
input data missing
EPS CAGR 5Y
unavailable
input data missing
FCF growth (YoY)
25.4%
computed by olivLawFY 2026

Profitability

Gross margin
51.7%
computed by olivLawFY 2026
EBITDA margin
18.6%
computed by olivLawFY 2026
EBIT margin
15.9%
computed by olivLawFY 2026
Net margin
12.4%
computed by olivLawFY 2026
FCF margin
11.6%
computed by olivLawFY 2026

Returns

ROE
16.1%
computed by olivLawFY 2026 · balance sheet at 31 Jul 2026
ROA
11.5%
computed by olivLawFY 2026 · balance sheet at 31 Jul 2026
ROIC
18.1%
computed by olivLawFY 2026 · balance sheet at 31 Jul 2026
ROCE
17.6%
computed by olivLawFY 2026 · balance sheet at 31 Jul 2026
Payout ratio (EPS)
unavailable
input data missing
Payout ratio (FCF)
23.9%
computed by olivLawFY 2026

Balance sheet

Net debt
-172.2 m USD
computed by olivLawbalance sheet at 31 Jul 2026
Net debt / EBITDA
-0.6x
computed by olivLawFY 2026 · balance sheet at 31 Jul 2026
Debt / equity
0.0x
computed by olivLawbalance sheet at 31 Jul 2026
Interest coverage
27.2x
computed by olivLawFY 2026

Liquidity

Current ratio
1.9x
computed by olivLawbalance sheet at 31 Jul 2026
Quick ratio
1.3x
computed by olivLawbalance sheet at 31 Jul 2026
Cash ratio
0.5x
computed by olivLawbalance sheet at 31 Jul 2026

Cash

Operating cash flow
244.1 m USD
computed by olivLawFY 2026
Capital expenditure
51.5 m USD
computed by olivLawFY 2026
Free cash flow
192.7 m USD
computed by olivLawFY 2026
FCF conversion
93.8%
computed by olivLawFY 2026
Cash conversion
79.2%
computed by olivLawFY 2026

Efficiency

Days sales outstanding
54 days
computed by olivLawFY 2026 · balance sheet at 31 Jul 2026
Days inventory outstanding
97 days
computed by olivLawFY 2026 · balance sheet at 31 Jul 2026
Days payables outstanding
49 days
computed by olivLawFY 2026 · balance sheet at 31 Jul 2026
Cash conversion cycle
102 days
computed by olivLawFY 2026 · balance sheet at 31 Jul 2026

Market and valuation

Market capitalisation
unavailable
input data missing
Enterprise value
unavailable
input data missing
Market cap / net income TTM
unavailable
input data missing
P/E (TTM)
unavailable
input data missing
Earnings yield
unavailable
input data missing
P/B
unavailable
input data missing
P/S
unavailable
input data missing
EV/EBITDA
unavailable
input data missing
EV/EBIT
unavailable
input data missing
EV/Sales
unavailable
input data missing
P/FCF
unavailable
input data missing
FCF yield
unavailable
input data missing
Dividend yield
1.0%
computed by olivLawFY 2026
Shareholder yield (distributions)
unavailable
input data missing

1 indicators that do not apply to the sector.

Valuation

olivLaw classification

Insufficient data
What is missing
  • score weight coverage: 56.2% of at least 60%

A scoring methodology on indicators and valuation, not investment advice.

Closing price

79.79 USD

05 Nov 2026Source: olivLaw, closing series

Market cap: unavailable

Key indicators

Market capitalisation
unavailable
input data missing
P/E (TTM)
unavailable
input data missing
P/B
unavailable
input data missing
EV/EBITDA
unavailable
input data missing
ROE
16.1%
computed by olivLawFY 2026 · balance sheet at 31 Jul 2026
Net margin
12.4%
computed by olivLawFY 2026
Revenue growth (YoY)
9.8%
computed by olivLawFY 2026
Dividend yield
1.0%
computed by olivLawFY 2026

Coverage and freshness

33/37 reporting lines present
Latest full fiscal year: 2026
Latest reported period: 31 Jul 2026
Latest balance sheet date: 31 Jul 2026
Source: SEC (XBRL)published 03 Sept 2026
verified 2579derived 245

Score by group

56% · Insufficient data

Estimated value range

Low
10.25
USD per share
Mid
11.76
USD per share
High
13.78
USD per share
Price: 79.79 USD
The price is above the range
Potential to the central value: -85.3% (value / price − 1)
Margin of safety: -578.6% (1 − price / value)
Agreement between methods: single method · 1 methods used · 1 independent bases

The combined range = the median of the valid methods' low, central and high values; it is not a probability interval and does not cover every result. Envelope of all methods: 10.25 – 13.78 USD.

Valuation assumptions are editorial choices, not measured; beta is not measured.

Method ranges (USD per share)

— — Mid · ▏ Price

Valuation methods

  • DCF (discounted cash flow)unavailable · input data missing
  • Peers: EV/EBITDAunavailable · input data missing
  • Peers: P/Eunavailable · input data missing
  • Dividend discount (DDM)10.25 – 13.78 (Mid 11.76)
Multiple comparisons use the SIC vertical: Miscellaneous Manufacturing Industries (SIC 3990)

Classification (SIC) comparables group by industry code, not by economic activity; the direct group is an editorial selection by activity. Members' multiples are on their own trailing twelve months, at their own latest close.

Assumptions (illustrative, editorial)

Risk-free rate
4.3%
Equity risk premium
5.0%
Beta (default)
1.00
Cost of equity
9.3%
Terminal growth
2.5%

Factor scorecard

Insufficient data

Minimum-evidence gate: score weight coverage: 56.2% of at least 60%

FactorValueScoreWeight used
ROIC · Quality18.1%100 (on a fixed band)19%
Net margin · Quality12.4%88 (vs peers)11%
FCF conversion · Quality93.8%91 (on a fixed band)11%
Revenue CAGR 3Y · Growth7.7%64 (on a fixed band)15%
EPS CAGR 3Y · Growthunavailableunavailable—
Net debt / EBITDA · Balance sheet-0.6x100 (on a fixed band)19%
Interest coverage · Balance sheet27.2x100 (on a fixed band)11%
Current ratio · Balance sheet1.9x95 (on a fixed band)7%
P/E (TTM) · Valuationunavailableunavailable—
EV/EBITDA · Valuationunavailableunavailable—
FCF yield · Valuationunavailableunavailable—
Shareholder yield (distributions) · Returnsunavailableunavailable—
Payout ratio (FCF) · Returns23.9%100 (on a fixed band)7%

Factors without a value were dropped; the remaining weights were renormalised.

Score groups

  • Balance sheet99/100 · 3/3 factors with a value
  • Growth· partial64/100 · 1/2 factors with a value
  • Quality94/100 · 3/3 factors with a value
  • Returns· partial100/100 · 1/2 factors with a value
  • Valuation· partialunavailable · 0/3 factors with a value

A «partial» group is computed from under half of its weight or from one factor: it is not a full assessment of the group.

Memo

BRADY CORP (BRC). Latest full fiscal year: 2026; data up to 2026-07-31.

Figures computed from the financial statements: revenue 1.7 bn USD in 2026; YoY growth 9.8%; net margin 12.4%; ROE 16.1%; net debt/EBITDA -0.6x.

The estimated value range is 10.25–13.78 USD per share (median of 1 methods, agreement: single method); assumptions are illustrative. Against the central value of 11.76 USD, the price of 79.79 USD leaves a potential of -85.3% (value / price − 1) and a margin of safety of -578.6% (1 − price / value). The range is the median of the methods' low, central and high values, not a probability interval.

Insufficient data for a verdict (score weight coverage: 56.2% of at least 60%).

Text generated deterministically from the figures shown; no language model. Not investment advice.

What supports the thesis

  • ROIC: 18.1%
  • Net margin: 12.4%
  • FCF conversion: 93.8%
  • Net debt / EBITDA: -0.6x
  • Interest coverage: 27.2x
  • Current ratio: 1.9x
  • Payout ratio (FCF): 23.9%

What contradicts it

  • The price is above the estimated value range

Not assessed (insufficient data or a ratio without meaning): EPS CAGR 3Y, P/E (TTM), EV/EBITDA, FCF yield, Shareholder yield (distributions).

Versus the vertical median

Miscellaneous Manufacturing Industries (SIC 3990) · same industry (4-digit SIC) · compared with 9 companies

Multiples and returns vs the median

P/E
—
vertical median 19.6x
EV/EBITDA
—
vertical median —
P/S
—
vertical median 0.9x
P/B
—
vertical median 1.5x
ROE
16.1%
vertical median -2.0%
above median
Net margin
12.4%
vertical median 1.8%
above median (+590.8%)
EBIT margin
15.9%
vertical median 2.4%
above median (+569.1%)
Revenue YoY
9.8%
vertical median 11.4%
below median (−13.9%)
Net debt/EBITDA
-0.6x
vertical median —
Dividend yield
1.0%
vertical median 3.4%
below median (−71.5%)

Price rebased to 100 (monthly, 5 years)

Companies in the vertical

Market capP/EROENet marginRevenue YoY1A / 3A
AMCRAmcor PLC21.2 bn19.69.3%4.5%+56.6%+8% / −3%
DAKTDaktronics, Inc.925.3 m19.616.2%5.7%+10.9%+2% / +84%
HCAIHuachen AI Parking Management Technology Holding Co., Ltd85.8 m—-402.1%-642.6%−83.9%−75% / unavailable
MWGMulti Ways Holdings Limited44.3 m—-2.0%-1.0%+44.1%−51% / −53%
VTSIVirTra, Inc.30.6 m—-6.1%—unavailable−46% / −63%
DOGZDogness (International) Corporation8.7 m—-32.0%-173.9%−23.3%−95% / −81%
JCSEJe Cleantech Holdings Limited8.1 m3.218.3%15.9%+11.8%+36% / +66%
WFFWF Holding Ltd5.7 m—-127.3%-64.4%+61.9%−63% / unavailable
ODCOil-Dri Corporation of America——20.5%11.5%+1.7%+26% / +142%
BRCBrady Corp——16.1%12.4%+9.8%+5% / +50%

1- and 3-year price returns: for BRC from daily closes (the same as the performance table), for the other companies from month-end closes.

olivLaw engine forecast

The world engine ran after the company's latest material disclosure. Probabilities are of TOUCHING a level within the horizon (not closing there) and sit next to the random walk (p_rw), the no-information benchmark.

The engine has no published run for this company yet.

Valuation scenarios (editable assumptions)

Illustrative scenarios

Scenarios are not available. input data missing

AI analysis

AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.

In brief

Brady Corporation is a global maker of identification and workplace safety solutions, headquartered in Milwaukee. With the PSS business from Honeywell acquired in August 2026, it is widening its portfolio toward productivity and logistics, and net sales rose 9.8% in fiscal 2026 to 1.66 billion USD 12.

SWOT

Strengths

  • Broad range of proprietary products and leadership positions in identification and safety niches 1.
  • Organic growth in both segments and improved margins in fiscal 2026 1.
  • Rising operating cash flow and a balance sheet that supported the IPS acquisition 2.

Weaknesses

  • Dependence on European markets where organic growth remained modest 1.
  • High integration and transaction costs that weighed on the latest quarter's net income 2.
  • Higher debt after the acquisition, with variable rates that could raise costs 1.

Opportunities

  • Expansion into logistics, retail and transport through PSS products and a larger addressable market 12.
  • Growing demand from datacenter construction and electronics manufacturing in Asia 1.
  • Cost and sales synergies if PSS integration proceeds as planned 12.

Threats

  • Tariffs, export controls and trade tensions that could disrupt production in China 1.
  • Price pressure from distributors and customers seeking lower-cost sources 1.
  • Intensifying competition and fast-changing business models, including those driven by AI 1.

Risks

  • PSS integrationhigh

    Integrating a large acquired business could take longer than expected and reduce anticipated synergies 1.

  • Indebtednesshigh

    New borrowings could limit financial flexibility if cash flows do not grow enough 1.

  • Input costsmedium

    Rising electronic component prices and tariffs could compress margins if they cannot be passed to customers 1.

  • Geopolitical exposuremedium

    A significant share of inventory sits in China, and trade tensions could disrupt deliveries 1.

  • Competitionlow

    Rivals with greater resources could press prices or margins 1.

Investment thesis

What would need to be true (bull case)

  • If PSS integration proceeds as planned, the company could expand sales in logistics and retail, and fiscal 2027 guidance points to significant growth in adjusted earnings per share 2.
  • Rising margins and higher operating cash flow indicate a solid financial base that could support research investment 12.
  • Demand from datacenters and electronics manufacturing in Asia could continue to support the Americas & Asia segment 1.

What would break the thesis

  • Higher debt and variable interest rates could reduce profit and limit flexibility in an economic slowdown 1.
  • Organic growth in Europe remained modest, and tariffs and input costs could keep pressuring margins 1.
  • Integration and transaction costs reduced net income in the latest quarter, and synergies remain uncertain 2.

What to watch

  • First-quarter results with PSS consolidated and synergies achievedQ1 2027
  • Effect of tariffs and any refunds on gross margin2027

Products, market & competition

AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.

The business

Brady is a global manufacturer and supplier of identification solutions and workplace safety products that identify and protect premises, products and people 1. The company is organized into two reportable segments, Americas & Asia and Europe & Australia, and its strategy rests on innovative products, customer service and leadership in specialized niches 1. With the August 2026 PSS acquisition it adds mobile scanning, printing and software for retail, transport and logistics 1.

Research and development expense reached 94.0 million USD in fiscal 2026, focused on identification and printing systems, pressure sensitive materials and scanners 1. The company relies on patents and tradenames, but states that its business does not depend on any single patent 1.

Market context

Brady competes in identification, safety and productivity solutions, where competition turns on innovation, service, quality, price and global reach 1. Management estimates the addressable market expands to 14 billion USD after the IPS acquisition 2. Roughly half of sales come from outside the United States, exposing the company to geopolitical and trade risk 1.

The market is fragmented, ranging from small firms with narrow ranges to large adhesive and electrical product makers 1. Fiscal 2027 guidance assumes continued economic growth, but currency and industrial demand remain variable 2.

Trends

  • PSS acquisition from Honeywellmixed

    The deal closed on August 3, 2026 and adds mobile scanning and printing products with a wider footprint in logistics and retail 1. Integration could prove more complex than expected and could delay synergies 1.

  • Rising marginstailwind

    Gross margin rose to 51.7% in fiscal 2026, supported by higher-margin product lines and cost reduction 1. If this trend continues, profitability could support growth in adjusted earnings per share 2.

  • Tariffs and input costsheadwind

    Tariff costs stayed above historical levels since the second half of fiscal 2025, and electronic component costs rose after the PSS deal 1. The company has responded with price adjustments, but it is not certain it can pass on all costs 1.

  • Higher indebtednessmixed

    The PSS deal was financed with borrowings and senior notes, which could reduce financial flexibility if cash flows fall 1. Operating cash flow rose versus the prior year, but interest costs are higher 12.

Competitive position

Competition turns on innovation, customer service, breadth of offering, quality, price and the ability to serve multinational customers 1. Rivals include large adhesive and electrical product makers as well as smaller firms with narrow ranges 1. The company notes that new entrants or AI-driven business models could pressure margins 1.

Identification and scanning is served by global suppliers with broad catalogs, and the PSS deal puts Brady in direct competition with makers of mobile terminals and data capture systems 12. The strategy relies on niche leadership and distribution networks 1.

  • Large adhesive and industrial materials makers

    Compete in materials and labels, where large producers have extensive product lines 1.

  • Large electrical product makers

    Offer competing products within broad lines, notably for wire identification 1.

  • Smaller specialized firms

    Offer narrower ranges but sometimes at lower prices, present in certain regional niches 1.

  • Scanner and mobile terminal suppliers

    Compete in data capture and scanning, where the PSS deal extended the company's presence 12.

News & filings

In the press

The latest news item in our archive is from 22 Oct 2026; the newest SEC filing is from 05 Nov 2026. The press archive comes from the RSS feeds we follow and does not necessarily cover the latest event — the filings alongside do.

SEC filings

  • Current report05 Nov 2026
    Material agreement · Item 3.02 · Item 5.01 · Departure or appointment of officers · Financial statements and exhibits
  • Acquisition or disposition of assets · Financial statements and exhibits
  • Annual report03 Sept 2026
  • Current report03 Sept 2026
    Results of operations · Regulation FD disclosure · Other events · Financial statements and exhibits
  • Current report06 Aug 2026
    Material agreement · Acquisition or disposition of assets · Creation of a direct financial obligation · Regulation FD disclosure · Financial statements and exhibits
  • Current report18 Jun 2026
    Material agreement · Termination of a material agreement · Creation of a direct financial obligation · Financial statements and exhibits
  • Current report11 Jun 2026
    Departure or appointment of officers · Financial statements and exhibits
  • Quarterly report18 May 2026
  • Current report18 May 2026
    Results of operations · Regulation FD disclosure · Financial statements and exhibits
  • Current report08 May 2026
    Departure or appointment of officers

Sources

  1. [1] Form 10-K, fiscal year ended 2026-07-31 · SEC / Brady Corporation · 03 Sept 2026
  2. [2] Form 8-K, results release (exhibit 99.1) · SEC / Brady Corporation · 03 Sept 2026

Figures computed by olivLaw from SEC filings and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.