Brady acquisition of Precision a good fit, says Wells Fargo Wells Fargo views Brady's acquisition of Precision Dynamics favorably, saying it exposes the company to the profitable, higher growth health care end market. Wells keeps an Outperform rating on Brady shares.
Brady confirms FY15 continuing ops EPS view $1.50-$1.70, consensus $1.57 The company anticipates low single-digit organic sales growth in fiscal 2015, with organic sales growth in both the Identification Solutions and Workplace Safety platforms. FY15 revenue consensus is $1.24B. This guidance is based on current exchange rates and a full-year income tax rate in the mid-to-upper 20% range. The Company also anticipates approximately $15M of restructuring charges and capital expenditures of approximately $30M in fiscal 2015.