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Brady Corp. reports Q3 earnings at $1.09 per share, sales up 11.4%, amid supply chain issues.
Brady Corp., a Milwaukee-based identification solutions manufacturer, reported fiscal third-quarter earnings of $52.3 million, netting $1.09 per share, and $1.22 per share after adjustments.
Sales rose 11.4% to $382.6 million, with organic growth of 1.6%.
The company cited global supply chain issues and unfavorable currency exchange for the earnings decline from the previous year.
Brady Corp. narrowed its full-year earnings guidance to $3.95 to $4.10 per share and adjusted earnings to $4.48 to $4.63 per share.
Despite the challenges, the company remains optimistic about future growth.
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Brady Corp. reporta ganancias del tercer trimestre a $1.09 por acción, las ventas aumentaron un 11.4%, en medio de problemas en la cadena de suministro.