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BRADY CORPORATION

(BRC)
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Brady Corporation to Seek Acquisitions

09/02/2021 | 10:30am EDT

Brady Corporation (NYSE:BRC) will look for business acquisitions. President and Chief executive Officer J. Nauman said, "I'm confident we will see continued revenue growth in future quarters as a result of our focus on growing organic sales plus our rock solid balance sheet and strong cash flow give us significant dry powder to accelerate growth through further R&D efforts and additional business acquisitions, all while continuing to return funds to our shareholders". Chief Financial Officer Aaron Pearce said, "Our strong balance sheet puts us in a fantastic position to execute additional value-enhancing activities, including investing in R&D, completing additional acquisitions and returning funds to our shareholders. We'll continue to search for acquisitions that advance our strategies, and we will continue to drive sustainable efficiency gains while being tight on nonrevenue-generating expenses. we'll be opportunistic with buybacks while looking for acquisitions where the price is right and the strategic fit is clear. We have a strong balance sheet, and we'll use it as a tool to drive long-term shareholder value".


© S&P Capital IQ 2021
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Analyst Recommendations on BRADY CORPORATION
More recommendations
Financials (USD)
Sales 2022 1 288 M - -
Net income 2022 162 M - -
Net cash 2022 230 M - -
P/E ratio 2022 16,3x
Yield 2022 1,70%
Capitalization 2 673 M 2 673 M -
EV / Sales 2022 1,90x
EV / Sales 2023 1,80x
Nbr of Employees 5 700
Free-Float 85,2%
Chart BRADY CORPORATION
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Brady Corporation Technical Analysis Chart | BRC | US1046741062 | MarketScreener
Technical analysis trends BRADY CORPORATION
Short TermMid-TermLong Term
TrendsBullishBearishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 4
Last Close Price 51,34 $
Average target price 66,75 $
Spread / Average Target 30,0%
EPS Revisions
Managers and Directors
J. Michael Nauman President, Chief Executive Officer & Director
Aaron James Pearce Chief Financial Officer & Treasurer
Bradley C. Richardson Chairman
Bentley N. Curran Chief Information Officer & VP-Digital Business
Frank W. Harris Independent Director
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