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Brady Corp. Updates 1 Key Risk Factor
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Brady Corp. Updates 1 Key Risk Factor

Brady Corp. (BRC) caters to a range of industries through its workplace safety and identification solutions, products and services. Earlier this month, Code Corp – a part of Brady, launched its EMEA Code Alliance Channel Partner Program to augment its strategic partners across Europe, the Middle East, and Africa.

The programs includes features such as partner-exclusive pricing, deal registration protection, low regional competition, rebates, training, along with no minimum revenue requirements. The company also expanded its North American Channel Program to empower its partners and drive their profitability.

Brady’s upcoming earnings for the second quarter are expected on February 17. Consensus estimates point to earnings per share of $0.7 as compared to the year-ago figure of $0.59.

With these developments in mind, let us take a look at the changes in Brady’s key risk factors that investors should know.

Risk Factors

According to the TipRanks Risk Factors tool, Brady Corp’s top risk category is Production, contributing 27% to the total 15 risks identified. In its recent quarterly report, BRC has added one key risk factor under the Production risk category.

Brady noted that mandatory COVID-19 vaccination requirements could have an adverse impact on its business and operational results. Additional vaccination mandates could be announced in jurisdictions where Brady operates. Adherence to these requirements could lead to attrition of skilled manpower and higher compliance costs.

Compared to a sector average of 44%, Brady’s Finance & Corporate risk factor is at 20%.

Hedge Fund Activity

According to TipRanks data, the Wall Street’s top hedge funds have increased holdings in Brady Corp by 57.2 thousand shares in the last quarter, indicating a positive hedge fund confidence signal in the stock based on activities of six hedge funds in the recent quarter.

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