BRADY CORP
For the period ended Jul 31, 2025. Filed Sep 4, 2025.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2025 · Filed Sep 4, 2025
BRC$79.92+1.5%Stored close · as of Nov 9, 2026
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Item 16. Form 10-K Summary
None.
SCHEDULE II — VALUATION AND QUALIFYING ACCOUNTS
| Year ended July 31, | |||
|---|---|---|---|
| Description | 2025 | 2024 | 2023 |
| (Dollars in thousands) | |||
| Valuation accounts deducted in balance sheet from assets to which they apply — Accounts receivable — allowance for credit losses: | |||
| Balances at beginning of period | $6,749 | $8,467 | $7,355 |
| Additions — Due to acquired businesses | 3,608 | — | — |
| Additions (Deductions) — Charged to (reversal of) expense | (1,423) | 337 | 1,433 |
| Deductions — Bad debts written off, net of recoveries | (1,058) | (2,055) | (321) |
| Balances at end of period | $7,876 | $6,749 | $8,467 |
| Inventory — Reserve for slow-moving inventory: | |||
| Balances at beginning of period | $31,982 | $35,855 | $29,877 |
| Additions — Due to acquired businesses | 19,067 | — | — |
| Additions (Deductions) — Charged to (reversal of) expense | (1,230) | (1,707) | 9,580 |
| Deductions — Inventory write-offs | (3,051) | (2,166) | (3,602) |
| Balances at end of period | $46,768 | $31,982 | $35,855 |
| Valuation allowances against deferred tax assets: | |||
| Balances at beginning of period | $47,224 | $52,750 | $47,276 |
| Additions — Due to acquired businesses | 33,331 | — | — |
| Additions — Charged to expense | 2,575 | 1,357 | 5,852 |
| Deductions — Valuation allowances reversed/utilized | (950) | (6,883) | (378) |
| Balances at end of period | $82,180 | $47,224 | $52,750 |
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