Brady Corp. (NYSE: BRC), Milwaukee, WI, reported sales for the second quarter ended Jan. 31, were $295.8 million, an increase of 11% over the prior year period. Organic sales were up 2.9%. Profit was $15 million, compared with a prior year loss of $4.2 million.
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Sales for the six months ended Jan. 31 were $614.3 million, down 4.7% from the same period a year ago. Profit improved 11.2%.
\”I’m encouraged to see our quarterly organic sales improve on a year-over-year basis, fueled by growth in our Asia-Pacific business. I’m also pleased with the continued improvement in our gross margin,\” said Frank M. Jaehnert, president and CEO. \”However, we remain cautious about the stability of the global economy and we continue our vigilance on cost controls while continuing to strategically invest in our future.\”
