Brady Corp. expected to Report Q3 2010 Results on May 19, 2010. This event was calculated by Capital IQ (Created on March 16, 2010).

Brady Corp. announced earnings results for the second quarter and six months ended January 31, 2010. Sales for the quarter were up 11.0% to $295.8 million compared to $266.4 million in the second quarter of fiscal 2009. Organic sales were up 2.9%, acquisitions contributed 0.9% to sales, and the impact of foreign currency translation improved sales by 7.2%. Net income for the quarter was $15.0 million compared to a net loss of $4.2 million in the fiscal 2009 second quarter. Excluding restructuring charges, net income in the quarter was up 79.4% from $9.8 million in the fiscal 2009 second quarter to $17.6 million this quarter. Earnings per diluted Class A Common share were $0.28 in the quarter compared to a net loss of $0.08 per share in the fiscal 2009 second quarter. 2010 results include after-tax restructuring charges of $2.6 million or $0.05 per diluted share; 2009 results include after-tax restructuring charges of $14.0 million or $0.27 per diluted share. Operating income for the quarter was $23.9 million against $4.6 million and income before income taxes was $19.8 million against loss before income taxes of $3.4 million reported last year. EBITDA (non-GAAP measure) was $38.6 million against $16.4 million reported last year. Sales for the six months were $614.3 million compared to $644.8 million in the same period last year. Net income for the first six months of fiscal 2010 was $36.7 million compared to $33.0 million in the same period in fiscal 2009. For the six-month period, earnings per diluted Class A Common share were $0.69 compared to $0.62 in the prior year. Results include after-tax restructuring charges of $5.2 million or $0.10 per diluted share for the six-month period ended January 31, 2010 and $15.2 million or $0.29 per diluted share for the six month period ended January 31, 2009. Excluding the after-tax impact of restructuring charges, six-month earnings per diluted share were $0.79, compared to $0.91 in the first-half of fiscal 2009. Operating income for the quarter was $59.5 million against $60.8 million and income before income taxes was $50.3 million against $48.3 million reported last year. Net cash provided by operating activities were $68.0 million against $22.0 million purchases of property, plant and equipment was $15 million against $13 million reported last year. EBITDA (non-GAAP measure) was $88 million against $88.2 million reported last year. The company is reiterating its guidance range for net income of $85 to $95 million and earnings per diluted share of $1.60 to $1.80, excluding pretax restructuring charges of $15 million and $0.20 per diluted share.

Brady Corporation held its earnings conference call. The company plans to make acquisitions. Frank Jaehnert, President and CEO of the company said: We remain very committed to investing in key initiatives to drive organic growth, in particular new product development activities. In the past quarter, we launched several new products addressing our customer needs. We also continue to invest in growth through acquisitions, acquiring a label manufacturer in Brazil. I'm pleased with the progress we have made in first half of fiscal 2010.