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Brady 3Q Sales Down 1.9%

Brady Corp. (NYSE: BRC), Milwaukee, WI, reported sales for the fiscal 2012 third quarter of $331.6 million, a 1.9 percent decrease over the same period a year ago. Profit decreased to $27.7 million from $28.6 million in 2011.

Organic sales increased 1.9 percent in the Americas, decreased 1.2 percent in the Asia-Pacific region and decreased 3.3 percent in EMEA.

For the 9-month period ended April 30, 2012, sales were $1.002 billion, a 0.5 percent decrease over the same period a year ago. Organic sales increased 0.4 percent.

“After quarter-end, we completed two acquisitions for a purchase price of approximately $36 million. These two acquisitions, Pervaco AS in Norway and Runelandhs Försäljnings AB in Sweden expand our presence in the Scandanavian region, which is an under-penetrated market for Brady. We also announced the acquisition of Grafo Wiremarkers Africa (Pty) Ltd. in South Africa during the third quarter, which is our first acquisition on the African continent,” said Frank M. Jaehnert, president and CEO.

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