Brady Corporation reported record fiscal 2026 revenue of $1.66 billion, an increase of 9.8% from $1.51 billion in the prior year, as organic growth, acquisitions and foreign currency gains supported expansion across the business.
Organic sales increased 5.3% for the year. Americas & Asia revenue increased 11.4%, while Europe & Australia revenue increased 6.7%.
Net income increased 8.5% to $205.4 million, while GAAP diluted EPS increased 9.1% to $4.30. Adjusted net income increased 14.2% to $252.6 million and adjusted diluted EPS reached a record $5.29, up 15%.
Fourth-quarter sales increased 10% to $436.9 million, including organic growth of 8.4%. Adjusted diluted EPS increased 17.5% to $1.48.
Operating cash flow increased nearly 35% for the full year to $244.1 million, and Brady returned $88.3 million to shareholders through dividends and share repurchases.
Brady recently completed its acquisition of Honeywell’s Productivity Solutions and Services business, which it renamed Intelligent Productivity Solutions.
For fiscal 2027, Brady expects adjusted diluted EPS of $6.25 to $6.75, representing growth of 18.1% to 27.6%. The company expects Intelligent Productivity Solutions to contribute approximately $1.15 billion of revenue.
KEY QUOTES:
“The results of the fourth quarter and full year 2026 are a clear indication of the momentum we are achieving at Brady Corporation. Our strong organic growth, with additional contributions from acquisitions and foreign currency translation, drove 10% sales growth for the quarter and the year. Organic sales growth and expanding margins drove a 15% increase in adjusted earnings per share in 2026 versus 2025.”
“As we enter 2027, continued growth in our Identification Solutions business (IDS), complemented by the addition of the newly named Intelligent Productivity Solutions business (IPS), is expected to drive 23% growth in adjusted diluted earnings per share at the midpoint of our guidance range.”
“With the closing of the IPS acquisition, Brady becomes a stronger and more global industrial technology company. Our addressable market is expanding to $14 billion as we grow our presence in manufacturing, transportation, logistics, retail and healthcare markets. As we enter a new chapter for Brady, I could not be more excited about our opportunity to drive value for all of our stakeholders.”
Vineet Nargolwala, President and CEO of Brady Corporation
“We continued our strong momentum and achieved another annual adjusted earnings per share record, increased our cash flow from operating activities nearly 35% to $244.1 million in fiscal 2026 compared to $181.2 million in fiscal 2025, and returned $88.3 million to our shareholders in the form of dividends and share buybacks. Our net cash position of $172.2 million as of July 31, 2026, provided significant support for our acquisition of the Intelligent Productivity Solutions business. Our strong balance sheet allows us to continue to invest in organic growth, reduce our net leverage, and continue to return funds to our shareholders through dividends and share buybacks to drive long-term shareholder value.”
Ann Thornton, Chief Financial Officer of Brady Corporation
