布雷迪 2026年季度报告

☑QUARTERLYREPORT PURSUANT TO SECTION 13 OR 15(d)OF THE SECURITIESEXCHANGE ACT OF 1934 For the Quarterly Period Ended January 31, 2026 OR TRANSITIONREPORT PURSUANT TO SECTION 13 OR 15(d)OF THE SECURITIESEXCHANGE ACT OF 1934 For the Transition Period fromtoCommission File Number 1-14959 BRADY CORPORATION (Exact name of registrant as specified in its charter) Wisconsin (I.R.S. Employer Identification No.) (State or other jurisdiction of incorporation or organization) 6555 West Good Hope RoadMilwaukee, Wisconsin 53223(Address of principal executive offices and zip code) (414) 358-6600(Registrant’s telephone number, including area code) Securities registered pursuant to Section 12(b) of the Act: Indicate by check mark whether the registrant (1)has filed all reports required to be filed by Section13 or 15(d) of the Securities Exchange Act of 1934 during thepreceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2)has been subject to such filing requirements for the past 90days.Yes☑No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T(§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).Yes☑No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reporting company, or an emerging growthcompany. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of theExchange Act. Large accelerated filer☑Acceleratedfiler☐Emerging growth company☐Non-accelerated filer☐Smallerreportingcompany☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revisedfinancial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).Yes☐No☑ As of February17, 2026, there were 43,689,411 outstanding shares of ClassA Nonvoting Common Stock and 3,538,628 shares of ClassB Voting Common Stock. TheClassB Voting Common Stock, all of which is held by affiliates of the Registrant, is the only voting stock. INDEX PagePART I. Financial Information3Item1. Financial Statements (Unaudited)3Condensed Consolidated Balance Sheets3Condensed Consolidated Statements of Income4Condensed Consolidated Statements of Comprehensive Income5Condensed Consolidated Statements of Stockholders’ Equity6Condensed Consolidated Statements of Cash Flows8Notes to Condensed Consolidated Financial Statements9Item2. Management’s Discussion and Analysis of Financial Condition and Results of Operations17Item3. Quantitative and Qualitative Disclosures About Market Risk24Item4. Controls and Procedures24PART II. Other Information25Item 1. Legal Proceedings25Item 1A. Risk Factors25Item 2. Unregistered Sales of Equity Securities and Use of Proceeds25Item 5. Other Information25Item6. Exhibits26Signatures27 PART I. FINANCIAL INFORMATIONITEM1. FINANCIAL STATEMENTS BRADY CORPORATION AND SUBSIDIARIESCONDENSED CONSOLIDATED BALANCE SHEETS(Dollars in Thousands) BRADY CORPORATION AND SUBSIDIARIESCONDENSED CONSOLIDATED STATEMENTS OF INCOME(Dollars in Thousands, Except Per Share Amounts, Unaudited) BRADY CORPORATION AND SUBSIDIARIESCONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME(Dollars in Thousands, Unaudited) BRADY CORPORATION AND SUBSIDIARIESCONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY (Dollars in Thousands, Unaudited) BRADY CORPORATION AND SUBSIDIARIESCONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS(Dollars in Thousands, Unaudited) BRADY CORPORATION AND SUBSIDIARIESNOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTSSix Months Ended January31, 2026(Unaudited)(In thousands, except share and per share amounts) NOTE A — Basis of Presentation The condensed consolidated financial statements included herein have been prepared by Brady Corporation and subsidiaries (the“Company,” “Brady,” “we,” or “our”) without audit, pursuant to the rules and regulations of the Securities and Exchange Commission.In the opinion of the Company, the foregoing statements contain all adjustments, consisting only of normal recurring adjustmentsnecessary to present fairly the financial position of the Company as of January31, 2026 and July31, 2025, its results of operations,comprehensive income and changes in stockholders’ equity for the three and six months ended January 31, 2026 and 2025, and cashflows for the six months ended January 31, 2026 and 2025. The condensed consolidated balance sheet as of July31, 2025 has beenderived from the audited consolidated financial statements as of that date. The preparation of financial stat