Brady Corporation reported fiscal 2026 fourth-quarter sales of $436.9 million, a 10% increase year-over-year, driven by 8.4% organic growth and the acquisition of Honeywell’s Productivity Solutions business. Full-year revenue reached $1.66 billion with adjusted diluted EPS of $5.29, up 15%. The company announced fiscal 2027 guidance projecting adjusted diluted EPS between $6.25 and $6.75, representing 18% to 28% growth. Additionally, the Board increased the annual cash dividend from $0.98 to $1.00 per share, with a quarterly payment of $0.25 scheduled for October 30, 2026, to shareholders of record on October 9, 2026. Brady Corporation is a global industrial technology company providing identification, safety, and productivity solutions.

Brady Corporation completed its acquisition of Honeywell International Inc.'s Productivity Solutions and Services business for a base purchase price of $1.4 billion in cash on August 3, 2026. The transaction was funded using approximately $800 million borrowed under existing credit facilities and an additional $800 million raised through the private placement of senior unsecured notes: $250 million of 5.43% Series A Notes due 2031, $300 million of 5.65% Series B Notes due 2033, and $250 million of 5.90% Series C Notes due 2036. The acquired business generated approximately $1.1 billion in sales in 2025 and is expected to contribute roughly $0.80 in incremental adjusted diluted earnings per share within the first year. Brady anticipates achieving at least $25 million in annual run-rate cost synergies within three years and expects net debt-to-EBITDA of approximately 2.5x post-closing. Brady Corporation operates as a global industrial technology company providing identification, safety, and productivity solutions.

On June 12, 2026, Brady Corporation entered into a new $1.0 billion Credit Agreement to finance its pending acquisition of Honeywell International Inc.’s Productivity Solutions and Services (PSS) business. The facility consists of a $500 million term loan and a $500 million revolving credit facility, replacing a previous 2019 agreement. Both facilities mature on June 12, 2031. The agreement includes an incremental facility feature of up to $550 million and establishes a maximum consolidated net leverage ratio of 3.50 to 1.00, which temporarily increases to 4.00 to 1.00 following the PSS closing. The company will use the funds for the acquisition, transaction costs, capital expenditures, and working capital. Brady Corporation provides identification and safety solutions for industrial and commercial applications.

Brady Corporation announced the retirement of President and CEO Russell R. Shaller, effective June 8, 2026, including his resignation from the Board of Directors. Mr. Shaller will serve in a consultative role until August 1, 2026. Vineet Nargolwala has been appointed as the new President and CEO, effective June 8, 2026. Mr. Nargolwala, a current Board member, will receive an annual base salary of $1,000,000 and an annual stock incentive award with a grant date value of $6,400,000. His compensation package includes a target annual cash incentive of 125% of his base salary and specific stock ownership requirements. Brady Corporation is a provider of industrial identification and traceability solutions.