The company reported sales growth of 6.8% Y/Y to $345.93 million, beating the consensus of $329.19 million.
By region, sales rose 4.4% Y/Y in the Americas & Asia and 11.5% Y/Y in Europe & Australia.
Organic sales increased 6.9% Y/Y in the quarter. Gross margin increased to 50.8% from 50.4% a year ago.
Adjusted EPS of $1.04 beat the consensus of $0.90.
Repurchase: In Q4, the company returned $56.4 million and $120.4 million, respectively, in the form of dividends and share repurchases to the shareholders.
On August 30, 2023, the Board of Directors authorized an additional share buyback worth $100 million.
A quarterly dividend of $0.235 per share will be paid on October 31, 2023, to shareholders of record at the close of business on October 10, 2023.
FY24 Outlook: The company expects adjusted EPS of $3.85-$4.10 vs. $3.84 estimate.
Price Action: BRC shares are up 11.16% at $56.47 premarket on the last check Tuesday.
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