EXHIBIT 99.1

For More Information:
Investor contact: Aaron Pearce 414-438-6895
Media contact: Carole Herbstreit 414-438-6882

Brady Corporation Reports Fiscal 2012 First Quarter Results

MILWAUKEE (November 18, 2011)—Brady Corporation (NYSE: BRC), a world leader in identification solutions, today reported its financial results for the fiscal 2012 first quarter ended October 31, 2011.

Sales for the fiscal 2012 first quarter were up 6.0 percent to $349.5 million compared to $329.6 million in the first quarter of fiscal 2011. Organic sales increased by 3.5 percent, divestitures, net of acquisitions reduced sales by 0.2 percent, and the impact of foreign currency translation increased sales by 2.7 percent. By segment, organic sales increased 5.7 percent in the Americas, 3.7 percent in Europe, and organic sales declined 0.2 percent in the Asia-Pacific region.

Net income for the quarter ended October 31, 2011 was up 24.5 percent to $32.7 million compared to $26.3 million in the same quarter last year. Excluding after-tax restructuring charges of $2.6 million in the first quarter of fiscal 2011, net income was up 13.2 percent. Impacting net income was a 190 basis point reduction in our gross profit margin to 48.0 percent during the quarter ended October 31, 2011 and a 200 basis point reduction in selling, general and administrative expenses as a percentage of sales to 31.2 percent during the quarter ended October 31, 2011. During the quarter ended October 31, 2011, restructuring related expenses were not significant and are included in selling, general and administrative expenses.

Earnings per diluted Class A Common Share were up 24.0 percent to $0.62 in the first quarter of fiscal 2012 compared to $0.50 in the first quarter of fiscal 2011.

Commentary and Guidance:

“I am pleased with our net income growth and our organic sales growth in the first quarter. This profitability improvement is a direct result of our on-going initiatives to streamline our processes and improve our profitability through various activities including those stemming from the Brady Business Performance Systems (BBPS),” said Brady’s President and Chief Executive Officer Frank M. Jaehnert. “We also remain focused on improving our customer service and our customers’ buying experiences and investing in growth initiatives, especially our investments in developing proprietary new products that add customer value.”

“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. During the first quarter, we repurchased 457,360 shares of Brady stock for $12.3 million,” said Brady Chief Financial Officer, Thomas J. Felmer. “We have recently seen the depreciation of certain foreign currencies versus the U.S. dollar and we expect some short-term impacts from the flooding in Thailand. We also remain cautious about the health of the overall global economy. As we look to the remainder of fiscal 2012, we are confident in our initiatives to drive revenue and net profit growth in spite of these challenges and we reiterate our full year fiscal 2012 guidance which includes low-single-digit organic sales growth and earnings per diluted Class A Common Share of between $2.30 and $2.50, exclusive of after-tax restructuring charges.”

A webcast regarding Brady’s fiscal 2012 first quarter financial results will be available at www.investor.bradycorp.com beginning at 9:30 a.m. Central Time today.

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 and signs, safety devices, printing systems and software, and precision die-cut materials. Founded in 1914, the company has millions of customers in electronics, telecommunications, manufacturing, electrical, construction, education, medical and a variety of other industries. Brady is headquartered in Milwaukee, Wisconsin and employs approximately 6,500 people at operations in the Americas, Europe and Asia-Pacific. Brady’s fiscal 2011 sales were approximately $1.34 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.

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Brady believes that certain statements in this news release are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. All statements related to future, not past, events included in this news release, including, without limitation, statements regarding Brady’s future financial position, business strategy, targets, projected sales, costs, earnings, capital expenditures, debt levels and cash flows, and plans and objectives of management for future operations are forward-looking statements. When used in this news release, 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 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, manufacturing, electrical, construction, laboratory, education, governmental, public utility, computer, transportation; difficulties in making and integrating acquisitions; risks associated with newly acquired businesses; Brady’s ability to develop and successfully market new products; changes in the supply of, or price for, parts and components; increased price pressure from suppliers and customers; fluctuations in currency rates versus the US dollar; unforeseen tax consequences; potential write-offs of Brady’s substantial intangible assets; Brady’s ability to retain significant contracts and customers; risks associated with international operations; Brady’s ability to maintain compliance with its debt covenants; technology changes; business interruptions due to implementing business systems; environmental, health and safety compliance costs and liabilities; future competition; interruptions to sources of supply; Brady’s ability to realize cost savings from operating initiatives; difficulties associated with exports; risks associated with restructuring plans; risks associated with obtaining governmental approvals and maintaining regulatory compliance; 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 located in Item 1A of Part I of Brady’s Form 10-K for the year ended July 31, 2011. These uncertainties may cause Brady’s actual future results to be materially different than those expressed in its forward-looking statements. Brady does not undertake to update its forward-looking statements.

BRADY CORPORATION AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF INCOME

(Dollars in Thousands, Except Per Share Amounts)

		(Unaudited)
		Three Months Ended October 31,
										Percentage
		2011				2010				Change
Net sales		$	349,508			$	329,588				6.0	%
Cost of products sold			181,677				165,076				10.1	%
Gross margin			167,831				164,512				2.0	%
Operating expenses:
Research and development			9,809				9,944				-1.4	%
Selling, general and administrative			108,932				109,324				-0.4	%
Restructuring charges			—				3,641				-100.0	%
Total operating expenses			118,741				122,909				-3.4	%
Operating income			49,090				41,603				18.0	%
Other income and (expense):
Investment and other income (expense)			(202	)			290				-169.7	%
Interest expense			(5,047	)			(5,687	)			-11.3	%
Income before income taxes			43,841				36,206				21.1	%
Income taxes			11,109				9,925				11.9	%
Net income		$	32,732			$	26,281				24.5	%
Per Class A Nonvoting Common Share:
Basic net income		$	0.62			$	0.50				24.0	%
Diluted net income		$	0.62			$	0.50				24.0	%
Dividends		$	0.185			$	0.18				2.8	%
Per Class B Voting Common Share:
Basic net income		$	0.60			$	0.48				25.0	%
Diluted net income		$	0.60			$	0.48				25.0	%
Dividends		$	0.168			$	0.163				3.1	%
Weighted average common shares outstanding (in thousands):
Basic			52,657				52,448
Diluted			52,954				52,810

BRADY CORPORATION AND SUBSIDIARIES
CONDENSED CONSOLIDATED BALANCE SHEETS

(Dollars in Thousands)

		(Unaudited)
		October 31, 2011				July 31, 2011
ASSETS
Current assets:
Cash and cash equivalents		$	371,594			$	389,971
Accounts receivable — net			232,837				228,483
Inventories:
Finished products			64,652				62,152
Work-in-process			16,259				14,550
Raw materials and supplies			28,752				27,484
Total inventories			109,663				104,186
Prepaid expenses and other current assets			42,120				35,647
Total current assets			756,214				758,287
Other assets:
Goodwill			792,303				800,343
Other intangible assets			84,461				89,961
Deferred income taxes			50,676				53,755
Other			19,444				19,244
Property, plant and equipment:
Cost:
Land			6,360				6,406
Buildings and improvements			103,683				104,644
Machinery and equipment			303,493				305,557
Construction in progress			13,431				11,226
			426,967				427,833
Less accumulated depreciation			290,704				287,918
Property, plant and equipment — net			136,263				139,915
Total		$	1,839,361			$	1,861,505
LIABILITIES AND STOCKHOLDERS’ INVESTMENT
Current liabilities:
Accounts payable		$	96,237			$	98,847
Wages and amounts withheld from employees			46,221				69,798
Taxes, other than income taxes			8,963				7,612
Accrued income taxes			16,170				9,954
Other current liabilities			57,717				54,406
Current maturities on long-term debt			61,264				61,264
Total current liabilities			286,572				301,881
Long-term obligations, less current maturities			330,054				331,914
Other liabilities			68,200				71,518
Total liabilities			684,826				705,313
Stockholders’ investment:
Common stock:
Class A nonvoting common stock — Issued 51,261,487 and 51,261,487 shares, respectively and outstanding 48,862,485 and 49,284,252 shares, respectively			513				513
Class B voting common stock — Issued and outstanding, 3,538,628 shares			35				35
Additional paid-in capital			310,602				307,527
Earnings retained in the business			812,142				789,100
Treasury stock - 2,082,801 and 1,667,235 shares, respectively of Class A nonvoting common stock, at cost			(61,015	)			(50,017	)
Accumulated other comprehensive income			96,778				113,898
Other			(4,520	)			(4,864	)
Total stockholders’ investment			1,154,535				1,156,192
Total		$	1,839,361			$	1,861,505

BRADY CORPORATION AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(Dollars in Thousands)

		(Unaudited)
		Three Months Ended
		October 31,
		2011				2010
Operating activities:
Net income		$	32,732			$	26,281
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization			11,241				12,594
Deferred income taxes			4,399				(4,849	)
Non-cash portion of stock-based compensation expense			3,591				4,069
Non-cash portion of restructuring charges			—				951
Changes in operating assets and liabilities (net of effects of business acquisitions/divestitures):
Accounts receivable			(7,798	)			(13,614	)
Inventories			(7,156	)			(3,689	)
Prepaid expenses and other assets			(7,384	)			1,078
Accounts payable and accrued liabilities			(21,814	)			(16,909	)
Income taxes			7,470				10,245
Net cash provided by operating activities			15,281				16,157
Investing activities:
Purchases of property, plant and equipment			(5,817	)			(2,810	)
Settlement of net investment hedges			(958	)			—
Other			(233	)			(908	)
Net cash used in investing activities			(7,008	)			(3,718	)
Financing activities:
Payment of dividends			(9,690	)			(9,424	)
Proceeds from issuance of common stock			683				2,105
Purchase of treasury stock			(12,309	)			—
Income tax benefit from the exercise of stock options and deferred compensation distribution, and other			456				(146	)
Net cash used in financing activities			(20,860	)			(7,465	)
Effect of exchange rate changes on cash			(5,790	)			6,286
Net (decrease) increase in cash and cash equivalents			(18,377	)			11,260
Cash and cash equivalents, beginning of period			389,971				314,840
Cash and cash equivalents, end of period		$	371,594			$	326,100
Supplemental disclosures:
Cash paid during the period for:
Interest, net of capitalized interest		$	6,082			$	7,211
Income taxes, net of refunds			5,825				5,907

Information by regional segment for the three months ended October 31, 2011 and 2010 is as follows:

																		Corporate
																		and
(in thousands)		Americas				Europe				Asia-Pacific				Total Region				Eliminations				Total
SALES TO EXTERNAL CUSTOMERS
Three months ended:
October 31, 2011		$	153,863			$	97,356			$	98,289			$	349,508				—			$	349,508
October 31, 2010		$	145,988			$	92,050			$	91,550			$	329,588				—			$	329,588
SALES GROWTH INFORMATION
Three months ended October 31, 2011:
Base			5.7	%			3.7	%			-0.2	%			3.5	%			—				3.5	%
Currency			0.4	%			3.7	%			5.5	%			2.7	%			—				2.7	%
Acquisitions/Divestitures			-0.7	%			-1.6	%			2.1	%			-0.2	%			—				-0.2	%
Total			5.4	%			5.8	%			7.4	%			6.0	%			—				6.0	%
Three months ended October 31, 2010:
Base			4.3	%			0.7	%			-0.3	%			2.0	%			—				2.0	%
Currency			0.7	%			-6.9	%			4.4	%			-0.5	%			—				-0.5	%
Acquisitions/Divestitures			2.2	%			3.8	%			0.0	%			2.0	%			—				2.0	%
Total			7.2	%			-2.4	%			4.1	%			3.5	%			—				3.5	%
SEGMENT PROFIT (LOSS)
Three months ended:
October 31, 2011		$	43,230			$	26,299			$	13,304			$	82,833			$	(3,263	)		$	79,570
October 31, 2010		$	39,359			$	24,061			$	16,829			$	80,249			$	(3,436	)		$	76,813
Percentage increase (decrease)			9.8	%			9.3	%			-20.9	%			3.2	%							3.6	%

NET INCOME RECONCILIATION (in thousands)

		Three months ended:
		October 31,				October 31,
		2011				2010
Total profit for reportable segments		$	82,833			$	80,249
Corporate and eliminations			(3,263	)			(3,436	)
Unallocated amounts:
Administrative costs			(30,480	)			(31,569	)
Restructuring costs			—				(3,641	)
Investment and other income (expense)			(202	)			290
Interest expense			(5,047	)			(5,687	)
Income before income taxes			43,841				36,206
Income taxes			(11,109	)			(9,925	)
Net income		$	32,732			$	26,281

RECONCILIATION OF GAAP MEASURES TO NON-GAAP MEASURES
(in thousands)

		Fiscal 2012
		Q1				Q2				Q3				Q4				Total
EBITDA (1)
Net income		$	32,732															$	32,732
Interest expense			5,047																5,047
Income taxes			11,109																11,109
Depreciation and amortization			11,241																11,241
EBITDA (non-GAAP measure)		$	60,129			$	—			$	—			$	—			$	60,129

		Fiscal 2011
		Q1				Q2				Q3				Q4				Total
EBITDA (1)
Net income		$	26,281			$	24,199			$	28,589			$	29,583			$	108,652
Interest expense			5,687				5,850				5,103				5,484				22,124
Income taxes			9,925				8,205				8,607				8,669				35,406
Depreciation and amortization			12,594				12,908				12,020				11,305				48,827
EBITDA (non-GAAP measure)		$	54,487			$	51,162			$	54,319			$	55,041			$	215,009