Exhibit 99.1

“We completed the reorganization of our company to focus on two business platforms, Identification Solutions and Workplace Safety that will provide long-term growth for Brady. Although total sales increased 13.0 percent in our first quarter, our Workplace Safety business experienced an organic sales decline of 10.0 percent. In the fourth quarter of last year, we accelerated our investment in our Workplace Safety business to drive organic sales growth and we will be investing another $14 million in fiscal 2014 as we improve our e-commerce capabilities, expand our product offerings and enhance our pricing capabilities. We are starting to see positive signs from this accelerated investment and expect to return to organic sales growth in the second half of the year,” said

The Company anticipates organic sales from continuing operations in fiscal 2014 to range from a slight contraction to low single-digit growth, with organic sales down in the first half of the year and returning to growth in the second half of fiscal 2014. Guidance for earnings from continuing operations per diluted Class A Nonvoting Common Share remains unchanged at $1.80 to $2.00, exclusive of restructuring charges. This guidance is based on current exchange rates, a full-year income tax rate in the mid-to-upper 20 percent range, depreciation and amortization of approximately $45 to $50 million, and approximately $30 million of restructuring charges in fiscal 2014, the timing of which is subject to change as we execute our restructuring plan. Our guidance also includes capital expenditures of approximately $40 million in fiscal 2014.

Brady Corporation is an international manufacturer and marketer of complete solutions that identify and protect premises, products and people. Brady’s products help customers increase safety, security, productivity and performance and include high-performance labels, signs, safety devices, printing systems and software, and precision die-cut materials. Founded in 1914, the company has a diverse customer base in electronics, telecommunications, manufacturing, electrical, construction, education, medical and a variety of other industries. Brady is headquartered in Milwaukee, Wisconsin and as of July 31, 2013, employed approximately 7,400 people in its worldwide businesses. Brady’s fiscal 2013 sales were approximately $1.15 billion. Brady stock trades on the New York Stock Exchange under the symbol BRC. More information is available on the Internet at www.bradycorp.com.

The use of words such as “may,” “will,” “expect,” “intend,” “estimate,” “anticipate,” “believe,” “should,” “project” or “plan” or similar terminology are generally intended to identify forward-looking statements. These forward-looking statements by their nature address matters that are, to different degrees, uncertain and are subject to risks, assumptions, and other factors, some of which are beyond Brady's control, that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. For Brady, uncertainties arise from: Implementation of the Workplace Safety strategy; the length or severity of the current worldwide economic downturn or timing or strength of a subsequent recovery; future financial performance of major markets Brady serves, which include, without limitation, telecommunications, hard disk drive, manufacturing, electrical, construction, laboratory, education, governmental, public utility, computer, healthcare and transportation; future competition; changes in the supply of, or price for, parts and components; increased price pressure from suppliers and customers; Brady's ability to retain significant contracts and customers; fluctuations in currency rates versus the U.S. dollar; risks associated with international operations; difficulties associated with exports; risks associated with obtaining governmental approvals and maintaining regulatory compliance; Brady's ability to develop and successfully market new products; risks associated with identifying, completing, and integrating acquisitions; risks associated with divestitures and businesses held for sale; risks associated with restructuring plans; environmental, health and safety compliance costs and liabilities; risk associated with loss of key talent; risk associated with product liability claims; technology changes and potential security violations to the Company's information technology systems; Brady's ability to maintain compliance with its debt covenants; increase in our level of debt; potential write-offs of Brady's substantial intangible assets; unforeseen tax consequences; risk, associated with our ownership structure; and numerous other matters of national, regional and global scale, including those of a political, economic, business, competitive, and regulatory nature contained from time to time in Brady's U.S. Securities and Exchange Commission filings, including, but not limited to, those factors listed in the “Risk Factors” section within Item 1A of Part I of Brady’s Form 10-K for the year ended July 31, 2013.



	(Unaudited)
	Three months ended October 31,
	2013			2012
Net sales	$	305,974		$	270,866
Cost of products sold	149,029			121,342
Gross margin	156,945			149,524
Operating expenses:
Research and development	8,587			7,887
Selling, general and administrative	112,687			99,009
Restructuring charges	6,840			—
Total operating expenses	128,114			106,896

Operating income	28,831			42,628

Other income and (expense):
Investment and other income	762			397
Interest expense	(3,721		)	(4,163		)

Earnings from continuing operations before income taxes	25,872			38,862

Income tax expense	8,449			13,077

Earnings from continuing operations	$	17,423		$	25,785

Earnings from discontinued operations, net of income taxes	6,505			1,403

Net earnings	$	23,928		$	27,188

Earnings from continuing operations per Class A Nonvoting Commons Share:
Basic	$	0.33		$	0.50
Diluted	$	0.33		$	0.50

Earnings from continuing operations per Class B Voting Common Share:
Basic	$	0.32		$	0.49
Diluted	$	0.32		$	0.49

Earnings from discontinued operations per Class A Nonvoting Common Share:
Basic	$	0.13		$	0.03
Diluted	$	0.13		$	0.03

Earnings from discontinued operations per Class B Voting Common Share:
Basic	$	0.12		$	0.03
Diluted	$	0.12		$	0.02

Net Earnings per Class A Nonvoting Common Share:
Basic	$	0.46		$	0.53
Diluted	$	0.46		$	0.53
Dividends	$	0.195		$	0.19

Net Earnings per Class B Voting Common Share:
Basic	$	0.44		$	0.52
Diluted	$	0.44		$	0.51
Dividends	$	0.178		$	0.173

Weighted average common shares outstanding (in thousands):
Basic	52,071			51,039
Diluted	52,419			51,312



	(Unaudited)
	October 31, 2013			July 31, 2013
ASSETS
Current assets:
Cash and cash equivalents	$	81,869		$	91,058
Accounts receivable—net	184,099			169,261
Inventories:
Finished products	69,085			64,544
Work-in-process	17,757			14,776
Raw materials and supplies	18,102			15,387
Total inventories	104,944			94,707
Assets held for sale	132,616			119,864
Prepaid expenses and other current assets	46,671			37,600
Total current assets	550,199			512,490
Other assets:
Goodwill	624,165			617,236
Other intangible assets	152,812			156,851
Deferred income taxes	10,469			8,623
Other	21,821			21,325
Property, plant and equipment:
Cost:
Land	7,978			7,861
Buildings and improvements	94,545			91,471
Machinery and equipment	270,371			266,787
Construction in progress	15,112			11,842
	388,006			377,961
Less accumulated depreciation	263,112			255,803
Property, plant and equipment—net	124,894			122,158
Total	$	1,484,360		$	1,438,683
LIABILITIES AND STOCKHOLDERS’ INVESTMENT
Current liabilities:
Notes payable	$	26,442		$	50,613
Accounts payable	92,044			82,519
Wages and amounts withheld from employees	47,968			42,413
Liabilities held for sale	43,976			34,583
Taxes, other than income taxes	8,968			8,243
Accrued income taxes	8,996			7,056
Other current liabilities	39,531			36,806
Current maturities on long-term debt	61,264			61,264
Total current liabilities	329,189			323,497
Long-term obligations, less current maturities	204,413			201,150
Other liabilities	84,784			83,239
Total liabilities	618,386			607,886
Stockholders’ investment:
Common stock:
Class A nonvoting common stock—Issued 51,261,487 and 51,261,487 shares, respectively and outstanding 48,594,617 and 48,408,544 shares, respectively	513			513
Class B voting common stock—Issued and outstanding, 3,538,628 shares	35			35
Additional paid-in capital	308,835			306,191
Earnings retained in the business	552,291			538,512
Treasury stock—2,435,203 and 2,626,276 shares, respectively of Class A nonvoting	(65,255		)	(69,797		)
Accumulated other comprehensive income	70,132			56,063
Other	(577		)	(720		)
Total stockholders’ investment	865,974			830,797
Total	$	1,484,360		$	1,438,683



	(Unaudited)
	Three months ended October 31,
	2013			2012
Operating activities:
Net earnings	$	23,928		$	27,188
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	10,878			10,675
Non-cash portion of stock-based compensation expense	2,600			4,399
Loss (gain) on sales of businesses	—			3,138
Deferred income taxes	(2,421		)	(109		)
Changes in operating assets and liabilities (net of effects of business acquisitions/divestitures):
Accounts receivable	(18,551		)	(18,426		)
Inventories	(12,461		)	(8,141		)
Prepaid expenses and other assets	(5,372		)	(2,710		)
Accounts payable and accrued liabilities	25,903			6,752
Income taxes	1,089			(2,548		)
Net cash provided by operating activities	25,593			20,218

Investing Activities:
Purchases of property, plant and equipment	(9,086		)	(6,177		)
Sales of businesses, net of cash retained	—			10,178
Other	(70		)	(70		)
Net cash (used in) provided by investing activities	(9,156		)	3,931

Financing Activities:
Payment of dividends	(10,149		)	(9,705		)
Proceeds from issuance of common stock	5,209			1,684
Purchase of treasury stock	—			(5,121		)
Repayment of borrowing on notes payable	(24,000		)	—
Income tax on the exercise of stock options and deferred comp distributions, and other	(719		)	401
Net cash used in financing activities	(29,659		)	(12,741		)

Effect of exchange rate changes on cash	4,033			4,001

Net (decrease) increase in cash and cash equivalents	(9,189		)	15,409
Cash and cash equivalents, beginning of period	91,058			305,900

Cash and cash equivalents, end of period	$	81,869		$	321,309

Supplemental disclosures:
Cash paid during the period for:
Interest, net of capitalized interest	$	4,151		$	4,953
Income taxes, net of refunds	10,006			12,199



	Three months ended October 31,
	2013			2012
SALES TO EXTERNAL CUSTOMERS
ID Solutions	$	207,990		$	161,244
Workplace Safety	97,984			109,622
Total Company	$	305,974		$	270,866

SALES INFORMATION
ID Solutions
Organic	3.0		%	0.4		%
Currency	(0.2		)%	(2.5		)%
Acquisitions	26.2		%	0.4		%
Total	29.0		%	(1.7		)%

Workplace Safety
Organic	(10.0		)%	(3.3		)%
Currency	(0.6		)%	(2.3		)%
Acquisitions	—%			5.8		%
Total	(10.6		)%	0.2		%

Total Company
Organic	(2.2		)%	(1.1		)%
Currency	(0.4		)%	(2.4		)%
Acquisitions	15.6		%	2.6		%
Total	13.0		%	(0.9		)%

SEGMENT PROFIT
ID Solutions	$	50,110		$	43,973
Workplace Safety	18,374			27,829
Total Company	$	68,484		$	71,802

SEGMENT PROFIT AS PERCENT OF SALES
ID Solutions	24.1		%	27.3		%
Workplace Safety	18.8		%	25.4		%
Total Company	22.4		%	26.5		%



In accordance with the U.S. Securities and Exchange Commission’s Regulation G, the following provides definitions of the non-GAAP measures used in the earnings release and the reconciliation to the most closely related GAAP measure.


EBITDA from Continuing Operations
Brady is presenting EBITDA from Continuing Operations because it is used by many of our investors and lenders, and is presented as a convenience to them. EBITDA from Continuing Operations represents earnings (loss) from continuing operations before interest expense, income taxes, depreciation, amortization and impairment charges. EBITDA from Continuing Operations is not a calculation based on generally accepted accounting principles ("GAAP"). The amounts included in the EBITDA from Continuing Operations calculation, however, are derived from amounts included in the Consolidated Financial Statements and supporting footnote disclosures. EBITDA from Continuing Operations should not be considered as an alternative to net earnings or operating income as an indicator of the Company's operating performance, or as an alternative to net cash provided by operating activities as a measure of liquidity. The EBITDA from Continuing Operations measure presented may not always be comparable to similarly titled measures reported by other companies due to differences in the components of the calculation.








			Fiscal 2014

			Q1		Q2			Q3		Q4			Total
EBITDA from Continuing Operations:
	Earnings from continuing operations		$	17,423									$	17,423
		Interest expense	3,721										3,721
		Income taxes	8,449										8,449
		Depreciation and amortization	10,878										10,878
	EBITDA from Continuing Operations (non-GAAP measure)		$	40,471									$	40,471


			Fiscal 2013

			Q1		Q2			Q3		Q4			Total
EBITDA from Continuing Operations:
	Earnings (loss) from continuing operations		$	25,785	$	(11,365	)	$	20,998	$	(176,234	)	$	(140,816	)
		Interest expense	4,163		4,406			4,186		3,886			16,641
		Income taxes	13,077		28,823			6,065		(5,895		)	42,070
		Depreciation and amortization	7,684		8,490			11,065		12,688			39,927
		Intangible asset write-down in restructuring charges	—		—			3,207		—			3,207
		Impairment charges	—		—			—		204,448			204,448
	EBITDA from Continuing Operations (non-GAAP measure)		$	50,709	$	30,354		$	45,521	$	38,893		$	165,477



EBITDA from Discontinued Operations
Brady is presenting EBITDA from Discontinued Operations because it is used by many of our investors and lenders, and is presented as a convenience to them. EBITDA from Discontinued Operations represents earnings (loss) from discontinued operations before interest expense, income taxes, depreciation, amortization, and impairment charges. EBITDA from Discontinued Operations is not a calculation based on generally accepted accounting principles ("GAAP"). The amounts included in the EBITDA from Discontinued Operations calculation, however, are derived from amounts included in the Consolidated Financial Statements and supporting footnote disclosures. EBITDA from Discontinued Operations should not be considered as an alternative to net earnings or operating income as an indicator of the Company's operating performance, or as an alternative to net cash provided by operating activities as a measure of liquidity. The EBITDA from Discontinued Operations measure presented may not always be comparable to similarly titled measures reported by other companies due to differences in the components of the calculation.






			Fiscal 2014

			Q1		Q2		Q3			Q4			Total
EBITDA from Discontinued Operations:
	Earnings from discontinued operations		$	6,505									$	6,505
		Interest expense	—										—
		Income taxes	2,680										2,680
		Depreciation and amortization	—										—
	EBITDA from Discontinued Operations (non-GAAP measure)		$	9,185									$	9,185


			Fiscal 2013

			Q1		Q2		Q3			Q4			Total
EBITDA from Discontinued Operations:
	Earnings (loss) from discontinued operations		$	1,403	$	2,680	$	(16,765	)	$	(1,037	)	$	(13,719	)
		Interest expense	—		—		—			—			—
		Income taxes	404		1,802		1,530			1,478			5,214
		Depreciation and amortization	2,991		2,881		2,926			—			8,798
		Loss on write-down of assets held for sale	—		—		15,658			—			15,658
	EBITDA from Discontinued Operations (non-GAAP measure)		$	4,798	$	7,363	$	3,349		$	441		$	15,951



EBITDA:
Brady is presenting EBITDA because it is used by many of our investors and lenders, and is presented as a convenience to them. EBITDA represents net earnings (loss) before interest expense, income taxes, depreciation, amortization and impairment charges. EBITDA is not a calculation based on generally accepted accounting principles ("GAAP"). The amounts included in the EBITDA calculation, however, are derived from amounts included in the Consolidated Financial Statements and supporting footnote disclosures. EBITDA should not be considered as an alternative to net earnings or operating income as an indicator of the Company's operating performance, or as an alternative to net cash provided by operating activities as a measure of liquidity. The EBITDA measure presented may not always be comparable to similarly titled measures reported by other companies due to differences in the components of the calculation.






			Fiscal 2014

			Q1		Q2			Q3		Q4			Total
EBITDA:
	Net earnings		$	23,928									$	23,928
		Interest expense	3,721										3,721
		Income taxes	11,129										11,129
		Depreciation and amortization	10,878										10,878
	EBITDA (non-GAAP measure)		$	49,656									$	49,656


			Fiscal 2013

			Q1		Q2			Q3		Q4			Total
EBITDA:
	Net earnings (loss)		$	27,188	$	(8,685	)	$	4,233	$	(177,271	)	$	(154,535	)
		Interest expense	4,163		4,406			4,186		3,886			16,641
		Income taxes	13,481		30,625			7,595		(4,417		)	47,284
		Depreciation and amortization	10,675		11,371			13,991		12,688			48,725
		Intangible asset write-down in restructuring charges	—		—			3,207		—			3,207
		Loss on write-down of assets held for sale	—		—			15,658		—			15,658
		Impairment charges	—		—			—		204,448			204,448
	EBITDA (non-GAAP measure)		$	55,507	$	37,717		$	48,870	$	39,334		$	181,428



Earnings from Continuing Operations Before Income Taxes Excluding Certain Items:
Brady is presenting the Non-GAAP measure "Earnings from Continuing Operations Before Income Taxes Excluding Certain Items." This is not a calculation based upon GAAP. The amounts included in this Non-GAAP measure are derived from amounts included in the Consolidated Financial Statements and supporting footnote disclosures. We do not view these items to be part of our sustainable results. We believe this profit measure provides an important perspective of underlying business trends and results and provides a more comparable measure from year to year. The table below provides a reconciliation of Earnings from Continuing Operations Before Income Taxes to Earnings from Continuing Operations Before Income Taxes Excluding Certain Items:




		Three Months Ended October 31,
		2013		2012
Earnings from Continuing Operations Before Income Taxes (GAAP measure)		$	25,872	$	38,862
	Restructuring charges	6,840		—
Earnings from Continuing Operations Before Income Taxes Excluding Certain Items (non-GAAP measure)		$	32,712	$	38,862



Income Taxes on Continuing Operations Excluding Certain Items:
Brady is presenting the Non-GAAP measure "Income Taxes on Continuing Operations Excluding Certain Items." This is not a calculation based upon GAAP. The amounts included in this Non-GAAP measure are derived from amounts included in the Consolidated Financial Statements and supporting footnote disclosures. We do not view these items to be part of our sustainable results. We believe this measure provides an important perspective of underlying business trends and results and provides a more comparable measure from year to year. The table below provides a reconciliation of Income Taxes on Continuing Operations to Income Taxes on Continuing Operations Excluding Certain Items:




		Three Months Ended October 31,
		2013		2012
Income Taxes on Continuing Operations (GAAP measure)		$	8,449	$	13,077
	Restructuring charges	2,205		—
Income Taxes on Continuing Operations Excluding Certain Items (non-GAAP measure)		$	10,654	$	13,077



Net Earnings from Continuing Operations Excluding Certain Items:
Brady is presenting the Non-GAAP measure "Net Earnings from Continuing Operations Excluding Certain Items." This is not a calculation based upon GAAP. The amounts included in this Non-GAAP measure are derived from amounts included in the Consolidated Financial Statements and supporting footnote disclosures. We do not view these items to be part of our sustainable results. We believe this measure provides an important perspective of underlying business trends and results and provides a more comparable measure from year to year. The table below provides a reconciliation of Net Earnings from Continuing Operations to Net Earnings from Continuing Operations Excluding Certain Items:




		Three Months Ended October 31,
		2013		2012
Net Earnings from Continuing Operations (GAAP measure)		$	17,423	$	25,785
	Restructuring charges	4,635		—
Net Earnings from Continuing Operations Excluding Certain Items (non-GAAP measure)		$	22,058	$	25,785



Net Earnings from Continuing Operations Per Diluted Class A Nonvoting Common Share Excluding Certain Items:
Brady is presenting the Non-GAAP measure "Net Earnings from Continuing Operations Per Diluted Class A Nonvoting Common Share Excluding Certain Items." This is not a calculation based upon GAAP. The amounts included in this Non-GAAP measure are derived from amounts included in the Consolidated Financial Statements and supporting footnote disclosures. We do not view these items to be part of our sustainable results. We believe this measure provides an important perspective of underlying business trends and results and provides a more comparable measure from year to year. The table below provides a reconciliation of Net Earnings from Continuing Operations Per Diluted Class A Nonvoting Common Share to Net Earnings from Continuing Operations Per Diluted Class A Nonvoting Common Share Excluding Certain Items:





		Three Months Ended October 31,
		2013		2012
Net Earnings from Continuing Operations Per Diluted Class A Nonvoting Share (GAAP measure)		$	0.33	$	0.50
	Restructuring charges	0.09		—
Net Earnings from Continuing Operations Per Diluted Class A Nonvoting Share Excluding Certain Items (non-GAAP measure)		$	0.42	$	0.50



(Dollars in Thousands)	Three months ended October 31,
(Dollars in Thousands)	2013			2012
Total segment profit	$	68,484		$	71,802
Unallocated Amounts:
Administrative costs	(32,813		)	(29,174		)
Restructuring charges	(6,840		)	—
Investment and other income	762			397
Interest expense	(3,721		)	(4,163		)
Earnings from continuing operations before income taxes	$	25,872		$	38,862