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What: Shares of safety and security specialist Brady
So what: When it comes to earnings season, absolute performance almost always takes a back seat to whether a company was able to top Wall Street's expectations. In Brady's case, that box was checked, and investors are obviously pumped about it.
For the quarter, revenue was up 6% from a year ago to $349.5 million, while adjusted net income rose 13.2% and earnings per share finished at $0.62. Analysts were looking for $0.59 in per-share profit on $338 million in sales.
Now what: Like virtually every other business out there, Brady's future results will hinge to a large extent on whether the economy can continue to chug forward. However, a steady approach to its business, solid management, and sensible capital allocation will be big boons to investors either way. And on that latter point, it's easy to love a management team that talks like this:
We are committed to putting our cash to work through a balanced approach of investing in organic growth opportunities, strategic acquisitions, and returning dividends to our shareholders and buying back Brady stock from time to time.
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Fool contributor Matt Koppenheffer has no financial interest in any of the companies mentioned. You can check out what Matt is keeping an eye on by visiting his CAPS portfolio, or you can follow Matt on Twitter, @KoppTheFool, or on Facebook. The Fool's disclosure policy prefers dividends over a sharp stick in the eye.