AcquisitionsMay 18, 2026, 07:12 AM
Brady to Acquire Honeywell PSS Business for $1.4B; Q3 Net Sales +13.75%
AI Summary
Brady Corporation announced an agreement to acquire Honeywell's Productivity Solutions and Services (PSS) business for $1.4 billion in cash, expected to close in the second half of calendar year 2026. This strategic acquisition complements Brady's direct part marking solutions. For the third quarter, the company reported a 13.75% increase in net sales and a 10.59% rise in net income.
Key Highlights
- Brady to acquire Honeywell's PSS business for $1.4 billion in cash, expected to close in H2 2026.
- Q3 2026 net sales increased 13.75% to $435.2 million from $382.6 million in Q3 2025.
- Q3 2026 net income rose 10.59% to $57.8 million, with diluted EPS at $1.21.
- Nine-month 2026 net sales grew 9.71% to $1.22 billion, and net income increased 14.64% to $159.8 million.
- Net cash provided by operating activities for nine months increased 34.2% to $164.9 million.
- Americas & Asia 9-month net sales +10.6% to $810.6M; segment profit +15.3%.
- Europe & Australia 9-month net sales +8.0% to $414.1M; segment profit +32.8%.
- Long-term debt reduced to $26.9 million as of April 30, 2026, from $99.8 million in July 2025.
Price Impact
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