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Article: Brady Corporation Reports Fiscal 1998 Earnings Per Share of $1.44 Before Changes
- Article from:
- PR Newswire
- Article date:
- September 11, 1998
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MILWAUKEE, Sept. 11 /PRNewswire/ -- Brady Corporation (Nasdaq: BRCOA) today reported the results for its fiscal 1998 fourth quarter and year ending July 31, 1998.
Sales for fiscal 1998 were $455.2 million, up 6.8 percent from fiscal 1997's sales of $426.1 million. The 1998 sales included a reduction of $14.7 million or 3.4 percentage points due to the effect of foreign currency translation.
Brady took one-time charges totaling $7.9 million ($4.8 million after tax) in the fourth quarter in order to realign its cost structure. These charges related primarily to a 7.5-percent workforce reduction and writedowns of certain inventories and other assets. ...