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Broke on Sep 11, 2026 · measured target $77.29 (-2%). Details →
Nov 5, 7:05 AM ET
Brady Corporation entered into a Share Exchange Agreement on November 4, 2026, in which William H. Brady III transferred all 1,769,314 of his Class B Common Stock shares to the company in exchange for an equal number of newly issued Class A Common Stock shares. As a result of the transaction, Elizabeth P. Bruno now holds 100% of the Class B Common Stock, representing all of the company's voting power and resulting in a change in control. Dr. Bruno also stepped down from independent board committees, and the company qualified as a controlled company under NYSE rules.
- On November 4, 2026, William H. Brady III exchanged 1,769,314 shares of Class B Common Stock for 1,769,314 newly issued shares of Class A Common Stock.
- Elizabeth P. Bruno acquired 100% control of the company's Class B Common Stock voting power, resulting in a change in control.
- William H. Brady III agreed to a 24-month lock-up period on the newly issued Class A Common Stock.
- Dr. Bruno stepped down from the Management Development and Compensation Committee and the Corporate Governance Committee.
Read the filing on SEC.gov ↗
Sep 3, 6:59 AM ET
Brady reported fiscal 2026 fourth-quarter sales of $436.9 million, up 10.0%, and full-year sales of $1.66 billion, up 9.8%. GAAP diluted EPS fell to $0.96 in the quarter from $1.04 as acquisition and integration costs rose, while adjusted diluted EPS rose 17.5% to $1.48. The company also guided fiscal 2027 adjusted diluted EPS to $6.25 to $6.75 and raised its annual dividend to $1.00 per share from $0.98.
- Q4 sales $436.9 million, up 10.0%; organic growth 8.4%
- Q4 GAAP diluted EPS $0.96 vs. $1.04 a year earlier; adjusted diluted EPS $1.48 vs. $1.26
- Fiscal 2027 adjusted diluted EPS guidance of $6.25 to $6.75, including about $0.80 accretion from the IPS segment
- Annual dividend raised to $1.00 per share from $0.98; $0.25 quarterly payment on October 30, 2026 to holders of record October 9, 2026
Read the filing on SEC.gov ↗
Aug 6, 5:14 PM ET
Brady Corporation closed its acquisition of Honeywell Technologies' Productivity Solutions and Services (PSS) business on August 3, 2026, in an all-cash transaction valued at $1.4 billion. The company funded it with cash on hand, borrowings under a $1.0 billion credit agreement and $800 million of new senior notes, and it expects the business to add approximately $0.80 of incremental Adjusted Diluted EPS within the first year.
- Transaction valued at $1.4 billion, all cash, closed August 3, 2026
- Borrowed about $800 million under a $1.0 billion Credit Agreement dated June 12, 2026, and about $800 million under a Note Purchase Agreement
- Senior notes: $250 million at 5.43% due 2031, $300 million at 5.65% due 2033, and $250 million at 5.90% due 2036
- PSS generated sales of about $1.1 billion in 2025; Brady expects net debt-to-EBITDA of about 2.5x after transaction financing
Read the filing on SEC.gov ↗
Jun 18, 1:52 PM ET
Brady Corporation entered a $1.0 billion credit agreement on June 12, 2026, consisting of a $500 million term loan and a $500 million revolving credit facility, which replaced its prior 2019 credit agreement. The company says it will use the borrowings mainly to finance its pending acquisition of Honeywell's Productivity Solutions and Services business, which means the company will take on new debt tied to that deal.
- Credit agreement dated June 12, 2026: $500 million term loan plus $500 million revolving credit facility, maturing June 12, 2031
- Replaces previous credit agreement dated August 1, 2019; €13.0 million of revolving loans were exchanged and other obligations repaid in full
- Revolver availability capped at $300 million until the PSS acquisition closes, then expands to the full $500 million
- Maximum consolidated net leverage ratio of 3.50 to 1.00 (temporarily up to 4.00 to 1.00 after closing) and minimum interest coverage of 3.00 to 1.00
Read the filing on SEC.gov ↗
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.