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Brady 3Q Profit Falls 48 Percent As Sales Slide

Stock quotes in this article: BRC  

MILWAUKEE (AP) — Brady Corp. said Wednesday its profit dropped 48 percent in the fiscal third quarter as sales fell in all of its markets.

The company, which makes labels, signs and safety devices, said its profit dropped to $18 million, or 34 cents per share, from $34.4 million, or 63 cents per share a year ago. Sales decreased by more than 10 percent in each of its major regions, and the stronger dollar also hurt international sales. Revenue fell 28 percent, to $276.7 million from $381.9 million.

Brady's third quarter ended April 30. Thomson Reuters says analysts expected a profit of 34 cents per share and $280.6 million in revenue. ...

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