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MILWAUKEE–(BUSINESS WIRE)–Brady Corporation (NYSE:BRC) today appear after-effects for its budgetary 2010 fourth division and its abounding budgetary year concluded July 31, 2010.

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Three Months Concluded July 31, 2010

Sales in the budgetary 2010 fourth division added 12.4 percent to $322.9 actor compared to $287.2 actor in the fourth division of budgetary 2009. Amoebic sales added 10.7 percent with absolute amoebic advance in all regions. Acquisitions added 2.7 percent to sales and adopted bill adaptation bargain sales by 1.0 percent in the fourth division concluded July 31, 2010. Regionally, amoebic sales were up 14.7 percent in the Americas, 9.6 percent in Europe, and 5.2 percent in the Asia-Pacific region.

Net assets for the division added 12.4 percent to $21.6 actor compared to $19.2 actor in the aforementioned division aftermost year. Excluding restructuring charges, net assets in the division was up 15.9 percent to $26.2 actor compared to $22.6 actor in the budgetary 2009 fourth quarter.

Balance per adulterated Class A Accustomed Allotment were $0.41 in the 2010 fourth division compared to $0.36 in the above-mentioned year quarter. Excluding after-tax restructuring charges, balance per adulterated Class A Accustomed Allotment added 14.0 percent to $0.49 in the fourth division compared to $0.43 in the above-mentioned year fourth quarter.

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Year Concluded July 31, 2010

Sales for the year concluded July 31, 2010 were $1.259 billion compared to $1.209 billion in budgetary 2009, up 4.2 percent. Amoebic sales were up 0.2 percent, acquisitions added 1.3 percent to sales, and the appulse of adopted bill adaptation added 2.7 percent.

Net assets for the year concluded July 31, 2010 added 16.9 percent to $82.0 actor compared to $70.1 actor for the year concluded July 31, 2009. Excluding after-tax restructuring charges, net assets for the year concluded July 31, 2010 was up 3.4 percent to $93.4 actor compared to $90.3 actor in budgetary 2009.

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Balance per adulterated Class A Accustomed Allotment were $1.55 for the year concluded July 31, 2010 compared to $1.32 for the budgetary year concluded July 31, 2009. Excluding after-tax restructuring charges, balance per adulterated Class A Accustomed Allotment added 2.9 percent to $1.76 for the year concluded July 31, 2010 compared to $1.71 during the year concluded July 31, 2009.

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Commentary and Budgetary 2011 Advice

“Brady had a able fourth division and accomplished the year on a absolute note. In particular, we were admiring to see double-digit amoebic advance in the fourth division and absolute amoebic advance in all our regions for the added beeline quarter, as able-bodied as cogent advance in our net assets in the fourth quarter. These able banking after-effects were due to our connected focus on amount controls, as able-bodied as beheading of our advance strategies including ablution several new products. We additionally alternate to accretion action this year afterwards demography a abeyance aftermost year due to the all-around bread-and-er crisis,” said Brady President and CEO Frank M. Jaehnert. “I’m additionally blessed to abode that bygone our Board of Directors appear that we will access our allotment to shareholders for the 25th beeline year.”

“We advance a able banking position with cogent clamminess to armamentarium approaching growth. We generated chargeless banknote breeze of $138.9 actor during the year concluded July 31, 2010, which equates to 169 percent of net income, and we accomplished the year with banknote and banknote equivalents of $314.8 million, an access of $126.6 actor compared to July 31, 2009,” said Brady Chief Banking Officer, Thomas J. Felmer. “As we attending to budgetary 2011, we accept that the all-embracing all-around abridgement will abide to improve, admitting slowly. As a result, we ahead mid-single-digit amoebic acquirement advance in budgetary 2011, with added cogent advantage advance in the added bisected of the year as our connected advance in advantage advance initiatives activate to crop benefits. For budgetary 2011 we apprehend balance per adulterated Class A Accustomed Allotment of amid $1.95 and $2.15. This advice is based on accustomed barter rates, a full-year tax amount of 26 percent, basic expenditures of amid $25 and $30 million, abrasion and acquittal of $50 million, and adulterated abounding boilerplate accustomed shares outstanding constant with that of July 31, 2010. Our advice excludes added accustomed pretax restructuring accuse of about $12 to $15 actor or $0.17 to $0.21 per adulterated share.”

A Webcast apropos budgetary 2010 after-effects will be accessible at www.investor.bradycorp.com alpha at 9:30 a.m. Central Daylight Time today.

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Brady Corporation is an all-embracing architect and banker of complete solutions that analyze and assure premises, articles and people. Its articles accommodate high-performance labels and signs, assurance devices, press systems and software, and attention die-cut materials. Founded in 1914, the aggregation has added than 1,000,000 barter in electronics, telecommunications, manufacturing, electrical, construction, education, medical and a array of added industries. Brady is headquartered in Milwaukee and employs about 6,600 bodies at operations in the Americas, Europe and Asia/Pacific. Added advice is accessible on the Internet at www.bradycorp.com.

Brady believes that assertive statements in this account absolution are “forward-looking statements” aural the acceptation of the Private Securities Litigation Reform Act of 1995. All statements accompanying to future, not past, contest included in this account release, including, after limitation, statements apropos Brady’s approaching banking position, business strategy, targets, projected sales, costs, earnings, basic expenditures, debt levels and banknote flows, and affairs and objectives of administration for approaching operations are advanced statements. When acclimated in this account release, words such as “may,” “will,” “expect,” “intend,” “estimate,” “anticipate,” “believe,” “should,” “project” or “plan” or agnate analogue are about advised to analyze advanced statements. These advanced statements by their attributes abode affairs that are, to altered degrees, ambiguous and are accountable to risks, assumptions and added factors, some of which are above Brady’s control, that could account absolute after-effects to alter materially from those bidding or adumbrated by such advanced statements. For Brady, uncertainties appear from the breadth or severity of the accustomed accepted bread-and-er abatement or timing or backbone of a consecutive recovery; approaching banking achievement of above markets Brady serves, which include, after limitation, telecommunications, manufacturing, electrical, construction, laboratory, education, governmental, accessible utility, computer, transportation; difficulties in authoritative and amalgam acquisitions; risks associated with anew acquired businesses; Brady’s adeptness to absorb cogent affairs and customers; approaching competition; Brady’s adeptness to advance and auspiciously bazaar new products; changes in the accumulation of, or amount for, genitalia and components; added amount burden from suppliers and customers; interruptions to sources of supply; environmental, bloom and assurance acquiescence costs and liabilities; Brady’s adeptness to apprehend amount accumulation from operating initiatives; Brady’s adeptness to allure and absorb key talent; difficulties associated with exports; risks associated with all-embracing operations; fluctuations in bill ante against the US dollar; technology changes; abeyant write-offs of Brady’s abundant abstract assets; Brady’s adeptness to advance its debt covenants; abrupt tax consequences; risks associated with accepting authoritative approvals and advancement authoritative acquiescence for new and absolute products; business interruptions due to implementing business systems; and abundant added affairs of national, bounded and all-around scale, including those of a political, economic, business, aggressive and authoritative attributes independent from time to time in Brady’s U.S. Securities and Barter Commission filings, including, but not bound to, those factors listed in the “Risk Factors” area amid in Item 1A of Part I of Brady’s Annual Abode on Form 10-K for the aeon concluded July 31, 2009, as adapted by after filed reports. These uncertainties may account Brady’s absolute approaching after-effects to be materially altered than those bidding in its advanced statements. Brady does not undertake to amend its advanced statements.

(Unaudited)

July 31, 2010

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July 31, 2009

ASSETS

LIABILITIES AND STOCKHOLDERS’ INVESTMENT

 

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July 31, 2010

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