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UPDATE: Brady Posts FQ4 Net Loss

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Brady (NYSE: BRC) posted a loss in the fiscal fourth quarter.

For the new year, Brady projects earnings from continuing operations of $1.80 to $2 per share, versus analysts' estimates of $2.01 per share.

Brady posted a quarterly loss of $177.3 million, or $3.43 per share, versus a year-ago profit of $11.7 million, or $0.22 per share. Excluding one-time items, its earnings from continuing operations dropped to $0.53 from $0.56 per share. Brady in May had expected earnings from continuing operations of $0.45 to $0.55 per share.

Its net sales climbed 15% to $309.1 million, versus analysts' estimates of $307 million.

Brady's gross margin narrowed to 50.8% from 54.8%.

Brady shares closed at $32.59 yesterday.

Posted-In: lossEarnings News Guidance

 

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