Companies / Brady COMPANY FILINGS
Brady BRC For the fiscal year ended July 31, 2026, Brady manufactured and supplied identification solutions and workplace safety products worldwide, operating through its Americas & Asia and Europe & Australia segments.
Business description: FY2026 CIK 0000746598 Source: SEC EDGAR
Overview 10-K summary Balance sheet Original filings
Annual reports 5
Report coverage 2022–2026
Financial statement focus Balance sheet READ THE FILING
Annual report insights AI summary AI-generated summaries of the cited 10-K filings. For informational purposes only; not personalized investment advice.
Choose a fiscal year FY2026 Brady's fiscal 2026 net sales rose 9.8% to $1,661.6 million, while operating income increased 11.3% to $263.5 million compared with fiscal 2025.
Source: 2026 After fiscal year-end, Brady acquired Honeywell's Productivity Solutions and Services (PSS) business on August 3, 2026 for $1.4 billion in cash, subject to customary post-closing adjustments. PSS operating results were excluded from fiscal 2026 consolidation.
Source: 2026 View full 10-K summary 2026 Hide full 10-K summary 2026 Signals describe observations in the selected filing, not forecasts or investment ratings. Risk disclosures do not establish that a loss occurred.
Positive signals Cash from operations Cash generated by Brady's business operations increased to $244.1 million in fiscal 2026 from $181.2 million in fiscal 2025. Management attributed the increase primarily to organic sales growth, which excludes foreign-currency translation and the first-year effects of acquired or divested companies, and improved management of cash tied up in day-to-day operations.
Source: 2026 Negative signals Transaction costs Although PSS closed after year-end, Brady incurred $35.7 million of PSS acquisition-related costs in fiscal 2026. Management identified these costs as the primary reason selling, general and administrative expenses increased to 30.2% of sales from 29.4% in fiscal 2025.
Source: 2026 Integration risks Brady warned that failure to integrate PSS successfully or realize its expected benefits could harm financial results. Separately, the company warned that increased debt could reduce financial flexibility and require more cash generated by business operations for repayments of borrowed amounts and interest; these are conditional risks, not reported outcomes.
Source: 2026 Business context Acquisition funding The post-year-end PSS transaction was financed with cash on hand, $800 million of borrowings under Brady's new credit agreement and $800 million raised by issuing debt to private investors in the form of senior notes, completed on August 3, 2026. Excess proceeds were designated for general corporate purposes, rather than entirely for the purchase price.
Source: 2026 Business in fiscal 2026 For the fiscal year ended July 31, 2026, Brady manufactured and supplied identification solutions and workplace safety products worldwide, operating through its Americas & Asia and Europe & Australia segments.
Source: 2026
5-year changes FY2022–FY2026 These changes use selected original filing passages and nearby context from the stated five fiscal years. They are not an exhaustive review of all five reports and exclude later-year filings.
R&D spending Brady's research and development expenses increased from $58.5 million in fiscal 2022 to $61.4 million in 2023, $67.7 million in 2024, $79.9 million in 2025 and $94.0 million in 2026. Management attributed the 2025 increase primarily to Gravotech and, to a lesser extent, additional research staff in the existing business; it attributed the 2026 increase primarily to Microfluidic Solutions, Mecco and additional research staff in the existing business.
Source: 2023 , 2024 , 2025 , 2026 Operating cash Cash generated by Brady's operating activities did not rise steadily across the five fiscal years. It increased from $118.4 million in fiscal 2022 to $209.1 million in 2023 and $255.1 million in 2024, fell to $181.2 million in 2025, and recovered to $244.1 million in 2026. The 2026 recovery therefore remained below the reported 2024 level.
Source: 2022 , 2023 , 2024 , 2025 , 2026 Borrowing limits The credit agreement described in Brady's fiscal 2022 filing provided a $200 million revolving loan facility, allowing borrowing and repayment within a limit. Lending commitments increased to $300 million in November 2022, during fiscal 2023. A new agreement signed June 12, 2026 provided $1.0 billion: a $500 million term loan facility and a $500 million revolving facility. These are facility amounts, not outstanding debt; revolving availability was capped at $300 million before the PSS acquisition closed.
Source: 2022 , 2023 , 2026 Request a correction FINANCIAL STATEMENTS
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Annual reports & SEC 10-K filings SEC EDGAR 5 reports in this collection
Report yearAll years 2026 2025 2024 2023 2022 Dates describe the filing metadata. Figures and reporting periods should be checked against the original statement. SEC links open in a new tab.
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