Brady corp posts eps of 70 cents, raises fy profit forecast

Brady corporation reports fiscal 2020 first quarter results and increases its fiscal 2020 eps guidance.q1 sales $286.9 million versus refinitiv ibes estimate of $293.7 million.qtrly earnings per share $0.70.qtrly organic sales decreased 0.4 percent and impact of foreign currency translation decreased sales by 1.7 percent.diluted eps guidance for full year ending july 31, 2020 was increased to a range of $2.50 to $2.60.brady - qtrly eps impacted by reduced income tax rate of 9.8% due to favorable tax audit settlement, tax benefits from equity-based compensation.sees fiscal 2020 organic sales growth of about 1.5 to 2.5 percent.capital expenditures are expected to be about $35 million during year ending july 31, 2020.q1 earnings per share view $0.63 -- refinitiv ibes data.fy2020 earnings per share view $2.57 -- refinitiv ibes data.
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