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Safety products manufacturer Brady Corp., Milwaukee, WI, reported sales for first quarter of $310.2 million, up 0.9 percent from the same quarter a year ago. Brady reported a profit of $13.6 million, down 43.2 percent from $23.9 million a year ago.
Organic sales increased 2.4 percent for the quarter with consistent organic growth in both workplace safety and identification solutions.
“Although we had organic sales growth, we continued to incur costs related to the consolidation of our manufacturing facilities and have been experiencing challenges in terms of sales mix,” said Brady President and CEO J. Michael Nauman. “We have scaled back our facility consolidation efforts and our remaining facility consolidation activities will be executed in a manner that will allow us to maintain the highest service levels and least disruptions to our customers while still achieving efficiency gains over the long run.”