Brady Reports $18M Loss in Fiscal 2012 - Modern Distribution Management

Brady Reports $18M Loss in Fiscal 2012

Organic sales for the manufacturer of identification solutions fell 0.4 percent for the fiscal year.

Brady Corp. (NYSE: BRC), Milwaukee, WI, reported sales of $1.32 billion for the fiscal year ended July 31, 2012, down 1.5 percent from the prior fiscal year. Organic sales decreased 0.4 percent. The manufacturer recorded a net loss of $17.9 million for the fiscal year, compared to profit of $108.7 million a year ago.

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By segment, organic sales increased 3.4 percent in the Americas, and decreased 1.3 percent in EMEA and 5.3 percent in the Asia-Pacific region.

For the fourth quarter, sales were down 6 percent to $322.5 million. Organic sales declined 2.6 percent. Profit fell 60.6 percent to $11.7 million for the period.

By segment, fourth-quarter organic sales increased 3 percent in the Americas and 0.6 percent in EMEA. Organic sales in the Asia-Pacific region decreased 14.6 percent.

\”As we look to fiscal 2013, we see limited likelihood that the macro-economy will provide a tailwind,\” CFO Thomas J. Felmer said. \”As such, we anticipate low single-digit organic growth in fiscal 2013, with all of the growth driven by our initiatives.\”

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