Brady Corporation (NYSE: BRC) is a world leader in identification solutions. Brady's labels, signs, precision materials, software, and printing systems identify and protect premises, products and people.
Brady products are used in many different applications. For example, Brady materials are found inside cellular phones, pagers, and computers where they protect, filter, shield and hold together components. And Brady signs, labels, printers and regulatory identification products are used in the facilities of manufacturers and other businesses to enhance safety and productivity in the workplace. Its products also help to identify people with badges, personalized lanyards, employee access products and more. Its products are used in diverse niche markets including general manufacturing, electrical, transportation, non-residential construction, chemical, electronics, telecommunication, medical/healthcare, education and government.
Brady's vision is to be the market leader in the markets it serves. It strives to accomplish this goal through hiring and retaining world-class people who deliver differentiated solutions to loyal customers. The company is focused on achieving long-term sustainable top-tier growth and profitability and increasing shareholder value.
Founded in 1914 and headquartered in Milwaukee, Wisconsin, Brady has more than 8,000 employees serving over 300,000 companies in more than 100 countries throughout the world.
Since going public in 1984, Brady has shown a record of profitability and strong revenue increases and cash flow. To provide a catalyst to base business growth, Brady is investing increasing amounts annually in research and development. It looks to grow its top line by 10% per year on average with half through base business growth and the other half through acquisitions. Brady also strives to improve its earnings quality through productivity enhancements, operational excellence and offering differentiated solutions to its customers and has a strong focus on working capital management.
For the year ending July 31, 2007, Brady's sales increased 34% and it net income increased 5%. It has strong cash flow and sufficient credit facilities to fund not only growth through new products, new markets and market penetration but also through acquisitions and geographic expansion.
