Brady Corporation's shares surged nearly 19% to $84.43 following a strong earnings report and the announcement of a $1.4 billion acquisition of Honeywell's Productivity Solutions and Services. The company reported adjusted earnings per share of $1.50, exceeding analyst expectations.
Brady Corporation's stock jumped 13.47 points, or 18.98%, closing at $84.43 after reporting record adjusted earnings that surpassed Wall Street forecasts. The company raised its full-year guidance and highlighted strong demand for high-margin safety products, with revenue reaching $435.2 million, above the expected $405.9 million. After-hours trading saw the stock rise an additional 0.66% to $84.99.