Brady Corporation (NYSE:BRC) reported sales and earnings for its fiscal 2010 first quarter ended October 31, 2009.

Sales for the quarter were $318.5 million compared to $378.3 million in the first quarter of fiscal 2009. Organic sales declined 15.9 percent in the quarter and acquisitions added 0.1 percent to sales. Currency exchange had no impact on sales results in the quarter. By segment, sales were down 15.3 percent in the Americas, 12.8 percent in Europe and 19.5 percent in Asia/Pacific.

Net income in the fiscal 2010 first quarter, including $2.6 million in after-tax restructuring charges, was $21.7 million compared to $37.1 million in the same quarter last year. Earnings per diluted Class A Common share were $0.41 in the first quarter of fiscal 2010, compared to $0.69 per diluted share in the prior year’s quarter. Excluding restructuring charges, earnings per share were $0.46 in the current quarter compared to $0.71 in the first quarter of fiscal 2009.

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