MILWAUKEE—Safety products manufacturer Brady Corporation (NYSE: BRC) today reported its financial results for its fiscal 2015 fourth quarter and year ended July 31, 2015.
Sales for the quarter ended July 31, 2015 decreased 8.9 percent to $288.6 million compared to $316.7 million in the fourth quarter of fiscal 2014. Total organic sales decreased 1.2 percent and foreign currency translation decreased sales by 7.7 percent.
Sales for the year ended July 31, 2015 decreased 4.4 percent to $1.17 billion compared to $1.23 billion in fiscal 2014. Total organic sales increased 1.0 percent and the impact of foreign currency translation decreased sales by 5.4 percent.
Earnings from continuing operations for the year ended July 31, 2015 were $4.9 million compared to a loss of $48.1 million one year ago. Non-GAAP earnings from continuing operations for the year ended July 31, 2015 were $65.5 million compared to $79.5 million for the year ended July 31, 2014.
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