Brady Corp. Organic Sales Fall 3.1% in 2Q - Modern Distribution Management

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Brady Corp. Organic Sales Fall 3.1% in 2Q

Brady also reported plans to change its organizational structure.

Brady Corp. (NYSE: BRC), Milwaukee, WI, reported sales for the second quarter ended Jan. 31, 2013, of $324.2 million, an increase of 1.1 percent compared to the same period a year earlier. Organic sales declined 3.1 percent. Net loss was $8.7 million, compared to a year-ago loss of $90 million in fiscal 2012's second quarter.

Organic sales increased 0.6 percent in the Americas during the quarter and decreased 5 percent in EMEA and 7 percent in the Asia-Pacific region.

For the first six months, sales were $661.8 million, a decline of 1.3 percent. Organic sales decreased 2.5 percent. Net loss for the six months was $18.5 million, compared to a year-ago loss of $57.2 million for the same period.

Brady also reported plans to change its organizational structure from geographically-based to an organization structured around three global business platforms: Identification Solutions, Workplace Safety and Die-Cut.

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