Milwaukee, WI-based Brady Corporation reported sales were up 9% to $396.8 for its fiscal 2008 fourth quarter compared with the same quarter a year ago. Profit increased 33% to $34.8 million.
For the fiscal year ended July 31, 2008, sales rose 12% to $1.5 billion, compared to sales of $1.4 billion in fiscal 2008. Profit for fiscal year 2008 improved 21% to $132.2 million.
The increase in fourth quarter sales was comprised of acquisition growth adding 3 percent and foreign currency translation contributing 6 percent to sales growth. Organic growth was flat. Regionally, sales were up 16 percent in Europe and 20 percent in Asia/Pacific; sales in the Americas region were flat.
Brady Corporation is a manufacturer and marketer of high-performance labels and signs, safety devices, printing systems and software, and precision die-cut materials.