Brady Corp Q3 2024: Assets $8.47B, Liabilities $6.69B
Ticker: BRC · Form: 10-Q · Filed: May 22, 2024 · CIK: 746598
Sentiment: neutral
Topics: financials, 10-Q, quarterly-report
TL;DR
Brady Corp Q3 2024: Assets $8.47B, Liabilities $6.69B. Retained Earnings $3.54B.
AI Summary
Brady Corporation filed its 10-Q for the period ending April 30, 2024, reporting total assets of $8,467 million and total liabilities of $6,690 million. The company's retained earnings stood at $3,538,628 million for the period. This filing covers the third quarter of their fiscal year.
Why It Matters
This 10-Q filing provides a snapshot of Brady Corporation's financial health, detailing its assets and liabilities as of April 30, 2024, which is crucial for investors and creditors to assess its financial stability.
Risk Assessment
Risk Level: low — The filing is a routine quarterly report and does not indicate any immediate or significant financial distress.
Key Numbers
- $8.47B — Total Assets (As of April 30, 2024)
- $6.69B — Total Liabilities (As of April 30, 2024)
- $3.54B — Retained Earnings (As of April 30, 2024)
Key Players & Entities
- Brady Corporation (company) — Filer of the 10-Q
- April 30, 2024 (date) — End of reporting period
- $8,467 million (dollar_amount) — Total assets
- $6,690 million (dollar_amount) — Total liabilities
- $3,538,628 million (dollar_amount) — Retained earnings
FAQ
What were Brady Corporation's total assets as of April 30, 2024?
Brady Corporation's total assets were $8,467 million as of April 30, 2024.
What were Brady Corporation's total liabilities as of April 30, 2024?
Brady Corporation's total liabilities were $6,690 million as of April 30, 2024.
What is the reporting period for this 10-Q filing?
The reporting period for this 10-Q filing is the quarter ended April 30, 2024.
What was the amount of Brady Corporation's retained earnings for the period ending April 30, 2024?
Brady Corporation's retained earnings were $3,538,628 million for the period ending April 30, 2024.
What is Brady Corporation's fiscal year end?
Brady Corporation's fiscal year ends on July 31.
Filing Stats: 4,890 words · 20 min read · ~16 pages · Grade level 18.8 · Accepted 2024-05-22 07:15:17
Key Financial Figures
- $0.01 — ass A Nonvoting Common Stock, par value $0.01 per share BRC New York Stock Exchange
Filing Documents
- brc-20240430.htm (10-Q) — 960KB
- exhibit101-putoptionxgravo.htm (EX-10.1) — 82KB
- brc-20240430xex311.htm (EX-31.1) — 8KB
- brc-20240430xex312.htm (EX-31.2) — 8KB
- brc-20240430xex321.htm (EX-32.1) — 5KB
- brc-20240430xex322.htm (EX-32.2) — 5KB
- 0000746598-24-000034.txt ( ) — 5061KB
- brc-20240430.xsd (EX-101.SCH) — 28KB
- brc-20240430_cal.xml (EX-101.CAL) — 62KB
- brc-20240430_def.xml (EX-101.DEF) — 156KB
- brc-20240430_lab.xml (EX-101.LAB) — 429KB
- brc-20240430_pre.xml (EX-101.PRE) — 302KB
- brc-20240430_htm.xml (XML) — 668KB
Financial Information
PART I. Financial Information 3
Financial Statements (Unaudited)
Item 1. Financial Statements (Unaudited) 3 Condensed Consolidated Balance Sheets 3 Condensed Consolidated Statements of Income 4 Condensed Consolidated Statements of Comprehensive Income 5 Condensed Consolidated Statements of Stockholders' Equity 6 Condensed Consolidated Statements of Cash Flows 8 Notes to Condensed Consolidated Financial Statements 9
Management's Discussion and Analysis of Financial Condition and Results of Operations
Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations 16
Quantitative and Qualitative Disclosures About Market Risk
Item 3. Quantitative and Qualitative Disclosures About Market Risk 22
Controls and Procedures
Item 4. Controls and Procedures 22
Other Information
PART II. Other Information 23
Legal Proceedings
Item 1. Legal Proceedings 23
Risk Factors
Item 1A. Risk Factors 23
Unregistered Sale of Equity Securities and Use of Proceeds
Item 2. Unregistered Sale of Equity Securities and Use of Proceeds 23
Other Information
Item 5. Other Information 23
Exhibits
Item 6. Exhibits 24
Signatures
Signatures 25 2 Table of Contents
FINANCIAL INFORMATION
PART I. FINANCIAL INFORMATION
FINANCIAL STATEMENTS
ITEM 1. FINANCIAL STATEMENTS BRADY CORPORATION AND SUBSIDIARIES CONDENSED CONSOLIDATED BALANCE SHEETS ( Dollars in Thousands) April 30, 2024 July 31, 2023 (Unaudited) ASSETS Current assets: Cash and cash equivalents $ 160,458 $ 151,532 Accounts receivable, net of allowance for credit losses of $ 6,690 and $ 8,467 , respectively 195,099 184,420 Inventories 153,272 177,078 Prepaid expenses and other current assets 12,443 11,790 Total current assets 521,272 524,820 Property, plant and equipment—net 194,732 142,149 Goodwill 588,095 592,646 Other intangible assets 53,893 62,096 Deferred income taxes 14,881 15,716 Operating lease assets 27,438 29,688 Other assets 23,785 22,142 Total $ 1,424,096 $ 1,389,257 LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities: Accounts payable $ 79,965 $ 79,855 Accrued compensation and benefits 73,697 71,470 Taxes, other than income taxes 14,462 13,575 Accrued income taxes 7,945 12,582 Current operating lease liabilities 12,230 14,726 Other current liabilities 64,850 65,828 Total current liabilities 253,149 258,036 Long-term debt 63,774 49,716 Long-term operating lease liabilities 15,552 16,217 Other liabilities 69,519 74,369 Total liabilities 401,994 398,338 Stockholders' equity: Class A nonvoting common stock—Issued 51,261,487 shares, and outstanding 43,941,713 and 45,008,724 shares, respectively 513 513 Class B voting common stock—Issued and outstanding, 3,538,628 shares 35 35 Additional paid-in capital 354,432 351,771 Retained earnings 1,129,739 1,021,870 Treasury stock— 7,319,774 and 6,252,763 shares, respectively, of Class A nonvoting common stock, at cost ( 356,210 ) ( 290,209 ) Accumulated other comprehensive loss ( 106,407 ) ( 93,061 ) Total stockholders' equity 1,022,102 990,919 Total $ 1,424,096 $ 1,389,257 See Notes to Condensed Consolidated Financial Statements. 3 Table of Contents BRADY CORPORATION AND SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Dollars