Brady (BRC) risk factors, FY2024 10-K

Brady's FY2024 10-K, filed Sep 06, 2024, lists 15 risk factors in 2 groups. There is no earlier 10-K to compare against, so the most company-specific risks are listed below.

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Risk factors listed
152 groups
Section length
4k wordsItem 1A

Brady's biggest risks in the FY2024 10-K

  • Brady Corp faces risks primarily driven by raw material inflation, digital channel shifts, and global currency exposure.
  • The company relies heavily on acquisitions and digital transformation while facing concentrated voting control by founder descendants.

The risks most specific to Brady

  • Business Risks

    Raw material and other cost inflation as well as product shortages could adversely affect our business and financial results

    Raw material inflation, wage increases, and product shortages can increase production costs and lead times.

  • Business Risks

    Additionally, throughout our global business, distributors and customers may not accept our price increases or may seek lower cost sourcing opportunities, which could result in a loss of business that may adversely impact our business and financial results

    Customers and distributors may reject price increases or shift to lower-cost sourcing as digital sales grow.

  • Business Risks

    The failure to properly identify, integrate and grow acquired companies, and to manage contingent liabilities from divested businesses could adversely affect our business and financial results

    Failure to properly integrate acquired companies and manage contingent liabilities from divestitures could harm financial results.

  • Business Risks

    Our failure or the failure of third-party service providers to protect our sites, networks and systems against security breaches, to protect our confidential information, or to facilitate our digital strategy, could adversely affect our business and financial results

    Security breaches or failures of third-party systems to protect confidential data could disrupt our digital strategy.

  • Financial and Security Ownership Risks

    The global nature of our business exposes us to foreign currency fluctuations that could adversely affect our business and financial results

    Approximately 50 percent of sales are derived outside the United States, exposing the company to foreign currency fluctuations.

  • Financial and Security Ownership Risks

    Failure to execute our strategies could result in impairment of goodwill or other intangible assets, which may negatively impact income and profitability

    Goodwill of $589.6 million and other intangible assets of $51.8 million represent 42.3 percent of total assets and are subject to impairment.

  • Financial and Security Ownership Risks

    Substantially all of our voting stock is controlled by two shareholders, while our public investors hold non-voting stock. The interests of the voting and non-voting shareholders could differ, potentially resulting in decisions that affect the value of the non-voting shares

    Substantially all voting stock is controlled by Elizabeth P. Bruno and William H. Brady III, while public investors hold non-voting stock.

All 15 risk factors

Headings as the filing states them, in filing order.

Business Risks

  1. 01Raw material and other cost inflation as well as product shortages could adversely affect our business and financial results
  2. 02Demand for our products may be adversely affected by numerous factors, some of which we cannot predict or control. This could adversely affect our business and financial results
  3. 03Failure to compete effectively or to successfully execute our strategy may have a negative impact on our business and financial results
  4. 04Additionally, throughout our global business, distributors and customers may not accept our price increases or may seek lower cost sourcing opportunities, which could result in a loss of business that may adversely impact our business and financial results
  5. 05Failure to develop or acquire technologically advanced products that meet customer demands, including price expectations, could adversely impact our business and financial results
  6. 06The failure to properly identify, integrate and grow acquired companies, and to manage contingent liabilities from divested businesses could adversely affect our business and financial results
  7. 07Our failure or the failure of third-party service providers to protect our sites, networks and systems against security breaches, to protect our confidential information, or to facilitate our digital strategy, could adversely affect our business and financial results
  8. 08We depend on key employees and the loss of these individuals could have an adverse effect on our business and financial results
  9. 09Further, these laws and regulations are constantly evolving and it is difficult to accurately predict the effect they may have upon our business and financial results
  10. 10Global climate change and related emphasis on environmental matters by various stakeholders could negatively affect our business and financial results
  11. 11We are subject to litigation that could adversely impact our business, financial results, and reputation

Financial and Security Ownership Risks

  1. 12The global nature of our business exposes us to foreign currency fluctuations that could adversely affect our business and financial results
  2. 13Changes in tax legislation or tax rates could adversely affect results of operations and financial statements. Additionally, audits by taxing authorities could result in tax payments for prior periods
  3. 14Failure to execute our strategies could result in impairment of goodwill or other intangible assets, which may negatively impact income and profitability
  4. 15Substantially all of our voting stock is controlled by two shareholders, while our public investors hold non-voting stock. The interests of the voting and non-voting shareholders could differ, potentially resulting in decisions that affect the value of the non-voting shares

Other Brady 10-Ks

  • FY2026 10-K risk factors
    20 risks6 new2 dropped6 reworded

    PSS acquisition dominates: integration complexity, $1.6 billion of new debt, higher goodwill and semiconductor exposure.

    Filed Sep 03, 2026
  • FY2025 10-K risk factors
    16 risks1 new6 reworded

    Brady Corp added specific disclosures around business divestitures and indemnity liabilities. Tax disclosures were updated to reflect the U.S. enactment of the One Big Beautiful Bill Act. Goodwill increased to $676.9 million and intangible assets to $105.4 million.

    Filed Sep 04, 2025

About this page

The headings are the filing's own. The one-line readings and the overview are automated and can be wrong: read Item 1A of the 10-K for the exact wording.