BRC - Brady Corporation: Securing Products

2024-03-18 05:00:19 ET

Summary

• Brady Corporation shares have risen 20% over the past half year, driven by improved margins and a recent acquisition that could be a major driver for future growth.
• The company generates sales through its identification solutions segment and workplace safety activities.
• BRC recently acquired Gravotech Holding, a French-based engraving solutions company, which is expected to add $121 million in sales, boosting pro forma sales by 10%.

In August of last year, I believed that shares of Brady Corporation ( BRC ) , the ID solutions provider, looked a lot safer again. The manufacturer and marketer of complete identification and protection solutions traded at non-compelling multiples, although its track record was not too convincing....

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