Brady Corporation (BRC) Earnings Call Transcripts

Brady Corporation's Latest Earnings Call - April 20, 2026

In Q2 FY2026, Brady Corporation announced a transformative acquisition of Honeywell's Productivity Solutions and Services (PSS) business, expected to significantly expand its portfolio and market reach. The acquisition, valued at $1.1 billion in 2025 revenues, is anticipated to be double-digit accretive to adjusted diluted EPS within the first year post-close. Management maintained its fiscal guidance, emphasizing the strategic fit and growth potential of the acquisition.

Reported metrics

Guidance from management

Management maintained fiscal guidance, expecting the acquisition to be double-digit accretive to EPS within the first year. The acquisition is anticipated to close in the second half of 2026, subject to regulatory approvals.

What management said

Well, I think I'm not going to get into details at this juncture because we don't actually own them, but I think we're going to bring a level of stability to their business that they probably haven't enjoyed in the past. As you're well aware, braving very consistent and methodical performance for the last decade. And you're not the flavor of the month or whatever, but we can pretty much consistently expand market sha...

Yes. I think Brady, I would say, what was 1 of our outside people called the scrapping. And I think that's a fair characterization. We're quick to make decisions if we don't have a lot of bureaucracy. We are definitely going to be bringing that to Honeywell. I think that will be pleasant surprise to some. It will probably be confusing to others, but our ability to make precision at very low levels, I think, is a trem...

What analysts pressed on

Analysts questioned the declining market share of Honeywell's PSS and the relatively low synergy estimates. Concerns were raised about the competitive landscape and the integration of differing corporate cultures.

Main topics on the call

• Acquisition of Honeywell's PSS — Brady announced the acquisition of Honeywell's PSS business, which will expand its portfolio with data capture and workforce solutions. The acquisition is expected to be double-digit accretive to EPS within the first yea...
• Financial Impact and Synergies — The acquisition is expected to generate a minimum of $25 million in annual run rate cost synergies within three years. Ann Thornton stated, 'We expect the acquisition of PSS to be double-digit accretive to adjusted dilut...
• Strategic Expansion — The acquisition expands Brady's customer base into enterprise accounts and a larger total addressable market. Russell Shaller noted, 'This transaction moves us into technology-enabled data capture and workflow solutions ...
• R&D and Product Development — PSS's strong R&D focus is highlighted, with 70% of its revenue from products launched within the last three years. Russell Shaller mentioned, 'The combination of Brady's R&D team and Honeywell's R&D team... will be a ful...

Read the full Brady Corporation transcript (April 20, 2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 33 Brady Corporation earnings call transcripts on record, spanning February 20, 2020 to May 18, 2026. Based on this history, Brady Corporation reports quarterly. The most recent call on file is dated May 18, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

BRC

Exchange

NYSE

Country

US

Sector

Industrials

Industry

Commercial Services and Supplies

Calls on record

33

First call

February 20, 2020

Most recent

May 18, 2026

Reporting cadence

quarterly