Brady Corp Q1 Profit Down - Quick Facts

(RTTNews) - Identification solutions provider Brady Corp. (BRC) posted lower first-quarter net earnings of $13.58 million, compared with last year's $23.93 million. Net Earnings per Class A Nonvoting Common Share slid to $0.26 from $0.46 a year ago.

Sales for the quarter increased 0.9 percent to $310.2 million from $307.5 million. Total organic sales rose by 2.4 percent, while foreign currency translation reduced sales by 1.5 percent.

Analysts polled by Thomson Reuters expected the company to report earnings of $0.40 per share and revenues of $310.27 million for the quarter. Analysts' estimates typically exclude special items.

Looking ahead to fiscal 2015, the company sees low single-digit organic sales growth in fiscal 2015, with organic sales growth in both the Identification Solutions and Workplace Safety platforms. Brady also expects earnings from continuing operations per Class A Nonvoting Common Share of between $1.50 and $1.70, exclusive of restructuring charges and other non-routine charges.