Brady Corporation appoints new board member

MILWAUKEE - Brady Corporation (NYSE:BRC), a global manufacturer of identification and safety solutions with a market capitalization of $3.48 billion, has announced the appointment of Anne De Greef-Safft to its Board of Directors. The appointment took effect on Monday, February 25, 2025. According to InvestingPro data, Brady maintains impressive gross profit margins of 51% and has achieved a "GREAT" financial health score, indicating strong operational performance.

De Greef-Safft brings a wealth of experience to the Brady Board, having served in strategic and operational roles for various manufacturing companies. She provided consulting services to private equity firms such as Windjammer Capital from 2018 to 2024. Her previous leadership positions include Group President of Standex International (NYSE:SXI)’s Food Service Equipment Group and President at Danaher Corporation (NYSE:DHR) over a span of 12 years.

Her career also includes diverse roles in engineering, marketing, sales, and business development. Currently, De Greef-Safft is a board member of Ag Growth International, Benchmark Electronics (NYSE:BHE), and Ambarella (NASDAQ:AMBA). She holds an engineering degree from the Catholic University of Louvain and an MBA from Babson College.

Bradley C. Richardson, Chair of Brady’s Board of Directors, praised De Greef-Safft’s broad business acumen and international experience, suggesting these qualities align with Brady’s commitment to a high-caliber board. Russell R. Shaller, President and CEO of Brady, expressed his anticipation for the expertise she will contribute, particularly in driving long-term shareholder value.

Brady Corporation, headquartered in Milwaukee, Wisconsin, has been operational since 1914 and employs approximately 5,700 individuals globally. As of July 31, 2024, the company reported sales of approximately $1.34 billion. Brady’s shares are traded on the New York Stock Exchange.

This announcement is based on a press release statement from Brady Corporation.

In other recent news, Brady Corporation reported its financial results for the second quarter of fiscal year 2025, which showed a slight miss on earnings expectations. The company’s adjusted earnings per share (EPS) were reported at $1.00, falling short of the anticipated $1.04, while revenue reached $356.68 million, below the forecasted $362.11 million. Despite these shortfalls, Brady Corporation raised its full-year EPS guidance to a range of $4.45 to $4.70, indicating confidence in future performance. The company also reported a 10.6% year-over-year increase in sales, driven by organic growth and acquisitions, though foreign currency impacts were a challenge.

Brady Corporation has also taken significant steps in restructuring, including the closure of its manufacturing facilities in Beijing, China, and Buffalo, New York, which are expected to improve efficiency. The company has been proactive in addressing challenges in various regions, with strong growth reported in Japan and India, while facing difficulties in China and Australia. Additionally, the company introduced the I7500 industrial label printer, which is expected to enhance operational efficiency for customers.

Analyst firms have noted Brady’s strategic initiatives, with Northcoast Research and Sidoti providing insights into the company’s performance and future prospects. Brady’s focus on product innovation and market expansion remains a key part of its strategy, as it navigates the complexities of the global economic landscape.

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