Brady Shares Fall After it Cut FY 2025 Earnings Outlook

Dow Jones
2024/11/19
 

By Sabela Ojea

 

Shares of Brady on Monday dropped on pace for its largest decrease in more than a year after the workplace manufacturing company cut its guidance for per-share earnings for the fiscal year.

The stock was down 5.7% to $69.95 in recent trading. Shares have jumped 30% over the past 12 months.

The company said it continues to expect earnings of $4.02 to $4.32 per share to reflect amortization and other acquisition-related charges. In September, Brady had forecast per-share earnings of $4.20 to $4.45.

"We remain focused on innovation and on our consistent priorities, which we believe will continue to drive future growth," Chief Executive Russell Shaller said.

Brady kept unchanged its adjusted per-share earnings outlook at $4.40 to $4.70, as well as its views for organic sales growth in the low single digit percentages.

 

Write to Sabela Ojea at sabela.ojea@wsj.com; @sabelaojeaguix

 

(END) Dow Jones Newswires

November 18, 2024 11:43 ET (16:43 GMT)

Copyright (c) 2024 Dow Jones & Company, Inc.

應版權方要求,你需要登入查看該內容

免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。

熱議股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10