Record High Adjusted Earnings Per Share
Brady Corporation reported a new record high for adjusted earnings per share, growing by 11.9% to $1.22 per share.
Strong Growth in Americas and Asia
The Americas and Asia regions experienced excellent organic sales growth of 5.4% and adjusted operating income growth of 20.2%.
Successful Acquisition Strategy
Acquisitions contributed to a 10.5% increase in sales, including the acquisition of Funai's microfluidic business, enhancing their product portfolio.
Increased Investment in Research and Development
Investment in R&D increased by 8.5% as part of ongoing efforts to develop new products and integrate acquisitions like Gravitec and Funai.
Profitability Improvement in Challenging Regions
Despite a tough macro environment, Europe and Australia saw a 3.8% increase in adjusted operating income due to restructuring actions.