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•GAAP earnings per diluted Class A Nonvoting Common share guidance for the year ending July 31, 2026 was adjusted from the previous range of $4.62 to $4.82 per share to $4.66 to $4.76 per share. Adjusted Diluted EPS* Guidance was raised for the full year ending July 31, 2026 from the previous range of $4.95 to $5.15 per share to the new range of $5.20 to $5.30 per share.

Sales for the quarter ended April 30, 2026 increased 13.8 percent, which consisted of organic sales growth of 8.2 percent, growth of 2.1 percent from acquisitions and an increase of 3.5 percent from foreign currency translation. Sales for the quarter ended April 30, 2026 were $435.2 million compared to $382.6 million in the same quarter last year. By region, sales increased 14.4 percent in the Americas & Asia and sales increased 12.6 percent in Europe & Australia, which consisted of organic sales growth of 10.1 percent in the Americas & Asia and organic sales growth of 4.5 percent in Europe & Australia.

Income before income taxes increased 11.6 percent to $73.4 million in the quarter ended April 30, 2026, compared to $65.7 million in the same quarter last year. Adjusted Income Before Income Taxes* in the quarter ended April 30, 2026, which was adjusted for amortization expense of $5.3 million and acquisition-related costs of $13.5 million, was $92.1 million, an increase of 23.8 percent compared to the third quarter of last year. Adjusted Income Before Income Taxes* in the quarter ended April 30, 2025, which was adjusted for amortization expense and facility closure and other reorganization costs of $8.7 million, was $74.4 million.

Net income for the quarter ended April 30, 2026 was $57.8 million compared to $52.3 million in the same quarter last year. Adjusted Net Income* in the quarter ended April 30, 2026 was $71.9 million compared to $58.8 million in the same quarter last year. Earnings per diluted Class A Nonvoting Common Share was $1.21 compared to $1.09 in the same quarter last year. Adjusted Diluted EPS* in the quarter ended April 30, 2026 was $1.50 compared to $1.22 in the same quarter last year.

Sales for the nine-month period ended April 30, 2026 increased 9.7 percent, which consisted of organic sales growth of 4.3 percent, growth of 2.5 percent from acquisitions and an increase of 2.9 percent from foreign currency translation. Sales for the nine months ended April 30, 2026 were $1.22 billion compared to $1.12 billion in the same period last year. By region, sales increased 10.6 percent in the Americas & Asia and sales increased 8.0 percent in Europe & Australia, which consisted of organic sales growth of 6.0 percent in the Americas & Asia and organic sales growth of 0.9 percent in Europe & Australia.

Income before income taxes increased 15.4 percent to $203.8 million in the nine-month period ended April 30, 2026, compared to $176.6 million in the same period last year. Adjusted Income Before Income Taxes* in the nine-month period ended April 30, 2026, which was adjusted for amortization expense of $15.8 million and acquisition-related costs of $13.5 million, was $233.1 million, an increase of 13.5 percent compared to the same period last year. Adjusted Income Before Income Taxes* in the nine-month period ended April 30, 2025, which was adjusted for amortization expense, facility closure and other reorganization costs and acquisition-related charges of $28.8 million, was $205.4 million.

Net income in the nine-month period ended April 30, 2026 was $159.8 million compared to $139.4 million in the same period last year. Adjusted Net Income* in the nine-month period ended April 30, 2026 was $181.9 million compared to $161.1 million in the same period last year. Earnings per diluted Class A Nonvoting Common Share was $3.35 compared to $2.89 in the same period last year. Adjusted Diluted EPS* in the nine-month period ended April 30, 2026 was $3.81 compared to $3.34 in the same period last year.

“Our investment in research & development resulted in strong organic sales growth globally, along with a record quarter of adjusted earnings per share. New product launches over the last several years as well as data center construction drove our sales growth, which is an end market that is ideal for our high-performance identification solutions,” said Brady’s President and Chief Executive Officer, Russell R. Shaller. “Last month, we announced our agreement to acquire Honeywell’s Productivity Solutions and Services business, which we expect to close in the second half of calendar 2026. I’m incredibly excited to execute our plans for growth and expand our portfolio through PSS with high-quality mobility and scanning solutions, which are highly complementary to Brady’s portfolio of printers, software and specialty adhesive materials.”

“In addition to our new quarterly record adjusted earnings per share, we increased our cash flow from operating activities more than 30 percent to $78.2 million in the quarter, and we returned $16.7 million to our shareholders in the form of dividends and share buybacks,” said Brady’s Chief Financial Officer, Ann Thornton. “We were in a net cash position of $148.6 million as of April 30, 2026, which gives us the ability to continue to invest in organic growth and provides support for our acquisition of the Productivity Solutions and Services business, while returning funds to our shareholders to continue to drive long-term shareholder value.”

The assumptions included in fiscal 2026 guidance include a full-year income tax rate of approximately 21 percent, depreciation and amortization expense of approximately $44 million, and capital expenditures of approximately $45 million. Fiscal 2026 guidance is based on foreign currency exchange rates as of April 30, 2026 and assumes continued economic growth. Fiscal 2026 guidance does not include any earnings impact from the PSS transaction.

Brady Corporation is an international manufacturer and marketer of complete solutions that identify and protect people, products and places. Brady’s products help customers increase safety, security, productivity and performance and include high-performance labels, signs, safety devices, printing systems and software. Founded in 1914, the Company has a diverse customer base in electronics, telecommunications, manufacturing, electrical, construction, medical, aerospace and a variety of other industries. Brady is headquartered in Milwaukee, Wisconsin and as of July 31, 2025, employed approximately 6,400 people in its worldwide businesses. Brady’s fiscal 2025 sales were approximately $1.51 billion. Brady stock trades on the New York Stock Exchange under the symbol BRC. More information is available on the Internet at www.bradyid.com.

In this news release, statements that are not reported financial results or other historic information are “forward-looking statements.” These forward-looking statements relate to, among other things, the Company's future financial position, business strategy, targets, projected sales, costs, earnings, capital expenditures, debt levels and cash flows, and plans and objectives of management for future operations.

The use of words such as “may,” “will,” “expect,” “intend,” “estimate,” “anticipate,” “believe,” “should,” “project,” “plan” or similar terminology are generally intended to identify forward-looking statements. These forward-looking statements by their nature address matters that are, to different degrees, uncertain and are subject to risks, assumptions, and other factors, some of which are beyond Brady’s control, that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. For Brady, uncertainties arise from: increased cost of materials, labor, material shortages and supply chain disruptions, including as a result of tariffs or other impacts of the global trade environment; decreased demand for our products; our ability to compete effectively or to successfully execute our strategy; our ability to develop technologically advanced products that meet customer demands; Brady’s ability to identify, integrate and grow acquired companies; difficulties in protecting our websites, networks, and systems against security breaches and difficulties in preventing phishing attacks, social engineering or malicious break-ins; risks associated with the loss of key employees; litigation, including product liability claims; global climate change and environmental regulations; foreign currency fluctuations; changes in tax legislation and tax rates; potential write-offs of goodwill and other intangible assets; differing interests of voting and non-voting shareholders and changes in the regulatory and business environment around dual-class voting structures; the possibility that events, changes or other circumstances could result in termination of the agreement to acquire the PSS business; our ability to complete the

pending acquisition of the PSS business on the anticipated timeline or at all, including risks related to the timing, receipt and terms of required governmental and regulatory approvals and the satisfaction or waiver of other closing conditions; the potential effects of the pending acquisition and related integration planning on Brady’s and the PSS business’s relationships with customers, suppliers and other business partners, ability to retain and hire key personnel, operating results and businesses generally; our ability to realize the anticipated strategic and financial benefits of the pending acquisition of the PSS business, including expected synergies, within the anticipated timeframe, or at all; numerous other matters of national, regional and global scale, including major public health crises and government responses thereto and those of a political, economic, business, competitive, and regulatory nature contained from time to time in Brady’s U.S. Securities and Exchange Commission filings, including, but not limited to, those factors listed in the “Risk Factors” section within Item 1A of Part I of Brady’s Form 10-K for the year ended July 31, 2025.


	Three months ended April 30,				Nine months ended April 30,
	2026		2025		2026		2025
Net sales	$	435,237	$	382,590	$	1,224,661	$	1,116,330
Cost of goods sold	209,768		187,531		595,966		555,739
Gross margin	225,469		195,059		628,695		560,591
Operating expenses:
Research and development	23,531		19,191		71,132		56,835
Selling, general and administrative	128,732		108,678		354,195		326,410
Total operating expenses	152,263		127,869		425,327		383,245

Operating income	73,206		67,190		203,368		177,346

Other income (expense):
Investment and other income (expense)	1,431		(509)		3,948		2,850
Interest expense	(1,269)		(936)		(3,467)		(3,604)

Income before income taxes	73,368		65,745		203,849		176,592

Income tax expense	15,568		13,482		44,062		37,212

Net income	$	57,800	$	52,263	$	159,787	$	139,380

Net income per Class A Nonvoting Common Share:
Basic	$	1.22	$	1.10	$	3.38	$	2.92
Diluted	$	1.21	$	1.09	$	3.35	$	2.89

Net income per Class B Voting Common Share:
Basic	$	1.22	$	1.10	$	3.36	$	2.90
Diluted	$	1.21	$	1.09	$	3.33	$	2.88

Weighted average common shares outstanding:
Basic	47,357		47,644		47,313		47,743
Diluted	47,814		48,066		47,761		48,196


	April 30, 2026		July 31, 2025
	(Unaudited)
ASSETS
Current assets:
Cash and cash equivalents	$	175,491	$	174,349
Accounts receivable, net of allowance for credit losses of $7,274 and $7,876, respectively	266,354		231,944
Inventories	220,252		200,881
Prepaid expenses and other current assets	16,832		14,661
Total current assets	678,929		621,835
Property, plant and equipment—net	243,720		225,572
Goodwill	689,415		676,945
Other intangible assets	103,425		105,374
Deferred income taxes	18,503		20,862
Operating lease assets	61,154		58,422
Other assets	36,805		25,243
Total	$	1,831,951	$	1,734,253
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Accounts payable	$	108,454	$	105,028
Accrued compensation and benefits	92,253		92,657
Taxes, other than income taxes	22,308		21,537
Accrued income taxes	4,787		5,547
Current operating lease liabilities	16,382		15,234
Other current liabilities	93,620		90,329
Total current liabilities	337,804		330,332
Long-term debt	26,857		99,766
Long-term operating lease liabilities	45,270		43,565
Other liabilities	78,035		68,379
Total liabilities	487,966		542,042
Stockholders’ equity:
Common stock:
Class A nonvoting common stock—Issued 51,261,487 shares, and outstanding 43,650,910 and 43,530,012 shares, respectively	513		513
Class B voting common stock—Issued and outstanding, 3,538,628 shares	35		35
Additional paid-in capital	363,578		359,269
Retained earnings	1,442,868		1,317,739
Treasury stock—7,610,577 and 7,731,475 shares, respectively, of Class A nonvoting common stock, at cost	(393,992)		(393,186)
Accumulated other comprehensive loss	(69,017)		(92,159)
Total stockholders’ equity	1,343,985		1,192,211
Total	$	1,831,951	$	1,734,253


	Nine months ended April 30,
	2026		2025
Operating activities:
Net income	$	159,787	$	139,380
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	33,549		30,279
Stock-based compensation expense	11,605		9,762
Deferred income taxes	9,506		(6,038)


Other	(4,857)		(181)
Changes in operating assets and liabilities:
Accounts receivable	(28,102)		(6,869)
Inventories	(12,970)		(8,209)
Prepaid expenses and other assets	(1,098)		(3,754)
Accounts payable and accrued liabilities	(1,638)		(26,415)
Income taxes	(883)		(5,081)
Net cash provided by operating activities	164,899		122,874

Investing activities:
Purchases of property, plant and equipment	(32,994)		(18,685)
Acquisition of businesses, net of cash acquired	(17,416)		(147,248)

Other	6,848		854
Net cash used in investing activities	(43,562)		(165,079)

Financing activities:
Payment of dividends	(34,658)		(34,237)
Proceeds from exercise of stock options	9,168		5,759
Payments for employee taxes withheld from stock-based awards	(3,406)		(2,518)
Purchase of treasury stock	(14,130)		(33,155)
Proceeds from borrowing on credit agreement	73,500		206,249
Repayment of borrowing on credit agreement	(146,409)		(194,365)

Other	(9,534)		190
Net cash used in financing activities	(125,469)		(52,077)

Effect of exchange rate changes on cash and cash equivalents	5,274		(3,682)

Net increase (decrease) in cash and cash equivalents	1,142		(97,964)
Cash and cash equivalents, beginning of period	174,349		250,118

Cash and cash equivalents, end of period	$	175,491	$	152,154


	Three months ended April 30,						Nine months ended April 30,
	2026			2025			2026			2025
NET SALES
Americas & Asia	$	290,055		$	253,652		$	810,552		$	732,926
Europe & Australia	145,182			128,938			414,109			383,404
Total	$	435,237		$	382,590		$	1,224,661		$	1,116,330

SALES INFORMATION
Americas & Asia
Organic	10.1		%	5.4		%	6.0		%	5.0		%
Acquisitions	3.1		%	8.6		%	3.9		%	7.9		%
Currency	1.2		%	(1.1)		%	0.7		%	(1.0)		%
Divestiture	—		%	—		%	—		%	(0.5)		%
Total	14.4		%	12.9		%	10.6		%	11.4		%
Europe & Australia
Organic	4.5		%	(5.4)		%	0.9		%	(1.9)		%
Acquisitions	—		%	14.2		%	—		%	14.8		%
Currency	8.1		%	(0.1)		%	7.1		%	(0.1)		%
Total	12.6		%	8.7		%	8.0		%	12.8		%
Total Company
Organic	8.2		%	1.6		%	4.3		%	2.6		%
Acquisitions	2.1		%	10.5		%	2.5		%	10.2		%
Currency	3.5		%	(0.7)		%	2.9		%	(0.5)		%
Divestiture	—		%	—		%	—		%	(0.4)		%
Total	13.8		%	11.4		%	9.7		%	11.9		%

SEGMENT PROFIT
Americas & Asia	$	68,730		$	57,164		$	182,344		$	158,148
Europe & Australia	21,470			17,478			55,624			41,872
Total segment profit	$	90,200		$	74,642		$	237,968		$	200,020
SEGMENT PROFIT AS A PERCENT OF NET SALES
Americas & Asia	23.7		%	22.5		%	22.5		%	21.6		%
Europe & Australia	14.8		%	13.6		%	13.4		%	10.9		%
Total	20.7		%	19.5		%	19.4		%	17.9		%


	Three months ended April 30,						Nine months ended April 30,
	2026			2025			2026			2025
Total segment profit	$	90,200		$	74,642		$	237,968		$	200,020
Unallocated amounts:
Administrative costs	(16,994)			(7,452)			(34,600)			(22,674)

Investment and other income (expense)	1,431			(509)			3,948			2,850
Interest expense	(1,269)			(936)			(3,467)			(3,604)
Income before income taxes	$	73,368		$	65,745		$	203,849		$	176,592

Brady is presenting the non-GAAP measure, “Adjusted Income Before Income Taxes.” This is not a calculation based upon GAAP. The amounts included in this non-GAAP measure are derived from amounts included in the Consolidated Financial Statements and supporting footnote disclosures. We do not view these items to be part of our ongoing results. We believe this profit measure provides an important perspective of underlying business trends and results and provides a more comparable measure from year to year. The table below provides a reconciliation of the GAAP measure of Income before income taxes to the non-GAAP measure of Adjusted Income Before Income Taxes:


	Three months ended April 30,				Nine months ended April 30,
	2026		2025		2026		2025
Income before income taxes (GAAP measure)	$	73,368	$	65,745	$	203,849	$	176,592
Amortization expense	5,255		4,754		15,768		14,138
Non-recurring acquisition-related costs and other related expenses	13,506		—		13,506		5,059
Facility closure and other reorganization costs	—		3,930		—		9,584
Adjusted Income Before Income Taxes (non-GAAP measure)	$	92,129	$	74,429	$	233,123	$	205,373

Brady is presenting the non-GAAP measure, “Adjusted Income Tax Expense.” This is not a calculation based upon GAAP. The amounts included in this non-GAAP measure are derived from amounts included in the Consolidated Financial Statements and supporting footnote disclosures. We do not view these items to be part of our ongoing results. We believe this measure provides an important perspective of underlying business trends and results and provides a more comparable measure from year to year. The table below provides a reconciliation of the GAAP measure of Income tax expense to the non-GAAP measure of Adjusted Income Tax Expense:


	Three months ended April 30,				Nine months ended April 30,
	2026		2025		2026		2025
Income tax expense (GAAP measure)	$	15,568	$	13,482	$	44,062	$	37,212
Amortization expense	1,267		1,144		3,803		3,402
Non-recurring acquisition-related costs and other related expenses	3,376		—		3,376		1,265
Facility closure and other reorganization costs	—		983		—		2,396
Adjusted Income Tax Expense (non-GAAP measure)	$	20,211	$	15,609	$	51,241	$	44,275

Brady is presenting the non-GAAP measure, “Adjusted Net Income.” This is not a calculation based upon GAAP. The amounts included in this non-GAAP measure are derived from amounts included in the Consolidated Financial Statements and supporting footnote disclosures. We do not view these items to be part of our ongoing results. We believe this measure provides an important perspective of underlying business trends and results and provides a more comparable measure from year to year. The table below provides a reconciliation of the GAAP measure of Net income to the non-GAAP measure of Adjusted Net Income:


	Three months ended April 30,				Nine months ended April 30,
	2026		2025		2026		2025
Net income (GAAP measure)	$	57,800	$	52,263	$	159,787	$	139,380
Amortization expense	3,988		3,610		11,965		10,736
Non-recurring acquisition-related costs and other related expenses	10,130		—		10,130		3,794
Facility closure and other reorganization costs	—		2,947		—		7,188
Adjusted Net Income (non-GAAP measure)	$	71,918	$	58,820	$	181,882	$	161,098

Brady is presenting the non-GAAP measure, “Adjusted Diluted EPS.” This is not a calculation based upon GAAP. The amounts included in this non-GAAP measure are derived from amounts included in the Consolidated Financial Statements. We do not view these items to be part of our ongoing results. We believe this measure provides an important perspective of underlying business trends and results and provides a more comparable measure from year to year. The table below provides a reconciliation of the GAAP measure of Net income per Class A Nonvoting Common Share to the non-GAAP measure of Adjusted Diluted EPS (Note that certain amounts will not foot due to rounding):


	Three months ended April 30,				Nine months ended April 30,
	2026		2025		2026		2025
Net income per Class A Nonvoting Common Share (GAAP measure)	$	1.21	$	1.09	$	3.35	$	2.89
Amortization expense	0.08		0.08		0.25		0.22
Non-recurring acquisition-related costs and other related expenses	0.21		—		0.21		0.08
Facility closure and other reorganization costs	—		0.06		—		0.15
Adjusted Diluted EPS (non-GAAP measure)	$	1.50	$	1.22	$	3.81	$	3.34


	Fiscal 2026 Expectations
	Low		High
Earnings per Class A Nonvoting Common Share (GAAP measure)	$	4.66	$	4.76
Amortization expense	0.33		0.33
Non-recurring acquisition-related costs and other related expenses	0.21		0.21
Adjusted Diluted EPS (non-GAAP measure)	$	5.20	$	5.30