Brady Corporation (BRC) saw its stock plummet by 6.02% in pre-market trading on Friday, following the company's fiscal second-quarter earnings release before the market open.
The workplace safety products maker reported adjusted earnings per share of $1.00 for the quarter ended January 31, 2025, missing analyst estimates of $1.04. While Brady's revenue grew 10.6% year-over-year to $356.7 million, slightly below expectations of $359.1 million, higher operating costs weighed on profitability.
According to the earnings report, Brady's overall costs including overhead and R&D climbed more than 15% during the quarter, outpacing the revenue growth and leading to a decline in operating income. The company cited factors such as foreign currency headwinds contributing to the higher expenses.
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