BRADY CORP

Brady Corporation announced the completion of its acquisition of Honeywell International Inc.'s Productivity Solutions and Services business for a base purchase price of $1.4 billion. The filing includes the audited and unaudited financial statements of the acquired business for various periods, as well as unaudited pro forma condensed combined financial information reflecting the transaction. The acquisition was effective August 3, 2026.

Brady Corporation announced the completion of its $1.4 billion all-cash acquisition of Honeywell Technologies' Productivity Solutions and Services (PSS) business. This transformational acquisition was funded through cash on hand, borrowings under existing credit facilities, and a private placement of $800 million in senior notes. The company expects the PSS business, which generated $1.1 billion in sales in 2025, to be immediately accretive to Adjusted Diluted EPS by approximately $0.80 within the first year and generate $25 million in annual run-rate cost synergies.

BRADY CORP entered into a new $1.0 billion Credit Agreement on June 12, 2026, to finance its pending acquisition of Honeywell International Inc.'s Productivity Solutions and Services business (PSS). The facility consists of a $500 million term loan and a $500 million revolving credit facility, replacing the company's prior credit agreement. The new debt has a maturity date of June 12, 2031, and includes provisions for multi-currency borrowings and an incremental facility feature for future capital needs.

Brady Corporation announced that Russell Shaller will retire as Chief Executive Officer and director, effective June 8, 2026, after an 11-year tenure. Vineet Nargolwala, a current Board member and accomplished technology executive, has been appointed to succeed Shaller. Shaller will remain in a consultative position until August 1, 2026, to ensure a smooth transition. The Board highlighted Shaller's contributions, including a nearly 90% increase in market value and record EPS, and expressed confidence in Nargolwala's ability to lead the company, especially with the recently announced acquisition of Honeywell's Productivity Solutions and Services business.

Brady Corporation's Board of Directors declared a quarterly dividend of $0.245 per share for its Class A Common Stock. The dividend is scheduled to be paid on July 31, 2026, to shareholders of record as of July 10, 2026. Brady Corporation is an international manufacturer and marketer of identification and protection solutions, with fiscal 2025 sales of approximately $1.51 billion.

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.

Brady Corporation reported strong fiscal 2026 third quarter financial results, achieving record adjusted diluted EPS and significant sales growth. The company also raised its full-year adjusted diluted EPS guidance, reflecting confidence in continued performance. Additionally, Brady announced an agreement to acquire Honeywell's Productivity Solutions and Services business, expanding its portfolio in identification solutions.

Brady Corporation reported strong fiscal 2026 third-quarter financial results, with sales increasing 13.8% to $435.2 million and adjusted diluted EPS rising 23.0% to $1.50. The company raised its full-year fiscal 2026 adjusted diluted EPS guidance to a new range of $5.20 to $5.30 per share. Net cash provided by operating activities increased to $78.2 million, and the company also highlighted its definitive agreement to acquire Honeywell’s Productivity Solutions and Services business.

Brady Corporation announced it will release its fiscal 2026 third quarter financial results on Monday, May 18, 2026. Following the announcement, the company will host a conference call at 10:30 a.m. Eastern Time to discuss the results. Participants can access the webcast and presentation live and in replay.

Brady Corporation announced that Deidre E. Cusack and Anne De Greef-Safft have resigned from the company's Board of Directors, effective May 8, 2026. Ms. Cusack served on the Technology Committee, while Ms. De Greef-Safft was a member of the Audit Committee.