EXHIBIT 99.1

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

Brady Corporation reports fiscal 2011 second quarter results

MILWAUKEE (February 18, 2011)—Brady Corporation (NYSE: BRC), a world leader in identification solutions, today reported financial results for its fiscal 2011 second quarter ended January 31, 2011.

Second-quarter results:

Sales for the fiscal 2011 second quarter were up 11.2 percent to $329.0 million compared to $295.8 million in the second quarter of fiscal 2010. Organic sales growth was 9.8 percent, acquisitions, net of divestitures contributed 1.8 percent to sales, and the impact of foreign currency translation decreased sales by 0.4 percent. By segment, organic sales increased 9.7 percent in the Americas, 12.4 percent in Europe and 6.9 percent in the Asia-Pacific region.

Net income in the fiscal 2011 second quarter was up 61.3 percent to $24.2 million compared to $15.0 million in the same quarter last year. Excluding $1.5 million of after-tax restructuring charges in the second quarter of fiscal 2011 and $2.6 million of after-tax restructuring charges in the same quarter last year, net income was up 46.0 percent to $25.7 million compared to $17.6 million in the same quarter last year.

Earnings per diluted Class A Common Share were up 64.3 percent to $0.46 in the second quarter of fiscal 2011 compared to $0.28 in the second quarter of fiscal 2010. Excluding after-tax restructuring charges, earnings per diluted Class A Common Share increased 45.5 percent to $0.48 in the second quarter of fiscal 2011 compared to $0.33 per share in the same quarter of fiscal 2010.

Six-month results:

Sales for the six-month period ended January 31, 2011 were up 7.2 percent to $658.6 million compared to $614.3 million in the same period last year.

Net income for the six months ended January 31, 2011 was up 37.7 percent to $50.5 million compared to $36.7 million in the same period in fiscal 2010. Excluding $4.2 million of after-tax restructuring charges in the six-month period ended January 31, 2011 and $5.2 million of after-tax restructuring charges in the same period last year, net income was up 30.4 percent to $54.6 million compared to $41.9 million in the same period last year.

Earnings per diluted Class A Common Share were up 37.7 percent to $0.95 for the six-month period ended January 31, 2011 compared to $0.69 in the same period of fiscal 2010. Excluding after-tax restructuring charges, earnings per diluted Class A Common Share increased 30.4 percent to $1.03 for the six-month period ended January 31, 2011 compared to $0.79 per share in the same period of fiscal 2010.

Commentary and Guidance:

“We are pleased to see strong organic sales growth in all our regions, and are encouraged by the substantial growth in earnings resulting from the increased organic sales and our on-going focus on improving profitability,” said Frank M. Jaehnert, Brady’s President and Chief Executive Officer.

“Cash generation remains a highlight for Brady as we delivered $41.4 million of cash flow from operating activities in the quarter, resulting in an increase in our cash balance to $362.3 million at January 31, 2011. Our strong cash position along with our untapped $200 million line of credit provides us with adequate flexibility to take advantage of future growth opportunities,” said Brady Chief Financial Officer Thomas J. Felmer. “As a result of our strong second quarter earnings, we are increasing our full year fiscal 2011 guidance range for earnings per diluted Class A Common share from between $2.05 and $2.25 to between $2.15 and $2.35, excluding pre-tax restructuring charges of $7 to $10 million, or $0.10 to $0.14 per share. We also expect mid-single digit organic sales growth for the balance of fiscal 2011 as sales comparisons become more challenging in the second half of fiscal 2011. Our guidance reflects all cost savings we expect to realize this year from restructuring activities as well as from our Brady Business Performance System initiatives for operational improvements.”

A webcast regarding fiscal 2011 second quarter results will be available at www.investor.bradycorp.com beginning at 9:30 a.m. Central Standard 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 6,600 people at operations in the Americas, Europe and Asia-Pacific. Brady’s fiscal 2010 sales were approximately $1.26 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.

###

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, 2010. 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)

		(Unaudited)
		Three Months Ended January 31,												Six Months Ended January 31,
										Percentage												Percentage
		2011				2010				Change				2011				2010				Change
Net sales		$	329,009			$	295,829				11.2	%		$	658,597			$	614,315				7.2	%
Cost of products sold			169,999				148,911				14.2	%			335,075				309,955				8.1	%
Gross margin			159,010				146,918				8.2	%			323,522				304,360				6.3	%
Operating expenses:
Research and development			11,732				10,632				10.3	%			21,676				20,241				7.1	%
Selling, general and administrative			108,064				108,735				-0.6	%			217,388				217,411				0.0	%
Restructuring charge			2,134				3,649				-41.5	%			5,775				7,250				-20.3	%
Total operating expenses			121,930				123,016				-0.9	%			244,839				244,902				0.0	%
Operating income			37,080				23,902				55.1	%			78,683				59,458				32.3	%
Other income and (expense):
Investment and other income			1,174				1,104				6.3	%			1,464				1,153				27.0	%
Interest expense			(5,850	)			(5,163	)			13.3	%			(11,537	)			(10,325	)			11.7	%
Income before income taxes			32,404				19,843				63.3	%			68,610				50,286				36.4	%
Income taxes			8,205				4,842				69.5	%			18,130				13,617				33.1	%
Net income		$	24,199			$	15,001				61.3	%		$	50,480			$	36,669				37.7	%
Per Class A Nonvoting Common Share:
Basic net income		$	0.46			$	0.29				58.6	%		$	0.96			$	0.70				37.1	%
Diluted net income		$	0.46			$	0.28				64.3	%		$	0.95			$	0.69				37.7	%
Dividends		$	0.18			$	0.175				2.9	%		$	0.36			$	0.35				2.9	%
Per Class B Voting Common Share:
Basic net income		$	0.46			$	0.29				58.6	%		$	0.94			$	0.68				38.2	%
Diluted net income		$	0.46			$	0.28				64.3	%		$	0.94			$	0.67				40.3	%
Dividends		$	0.18			$	0.175				2.9	%		$	0.34			$	0.33				3.1	%
Weighted average common shares outstanding (in thousands):
Basic			52,593				52,370								52,521				52,354
Diluted			53,053				53,096								52,932				53,020

BRADY CORPORATION AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS

(IN THOUSANDS)

		(Unaudited)
		January 31, 2011				July 31, 2010
ASSETS
Current assets:
Cash and cash equivalents		$	362,302			$	314,840
Accounts receivable — Net			240,173				221,621
Inventories:
Finished products			56,085				52,906
Work-in-process			14,614				13,146
Raw materials and supplies			28,129				28,620
Total inventories			98,828				94,672
Prepaid expenses and other current assets			36,233				37,839
Total current assets			737,536				668,972
Other assets:
Goodwill			781,776				768,600
Other intangible assets, net			98,560				103,546
Deferred income taxes			45,087				39,103
Other			19,673				20,808
Property, plant and equipment:
Cost:
Land			6,331				6,265
Buildings and improvements			103,305				101,138
Machinery and equipment			294,414				289,727
Construction in progress			15,208				9,873
			419,258				407,003
Less accumulated depreciation			278,710				261,501
Property, plant and equipment — net			140,548				145,502
Total		$	1,823,180			$	1,746,531
LIABILITIES AND STOCKHOLDERS’ INVESTMENT
Current liabilities:
Accounts payable		$	92,696			$	96,702
Wages and amounts withheld from employees			52,161				67,285
Taxes, other than income taxes			8,898				7,537
Accrued income taxes			16,603				10,138
Other current liabilities			60,105				50,862
Current maturities on long-term debt			61,265				61,264
Total current liabilities			291,728				293,788
Long-term obligations, less current maturities			387,875				382,940
Other liabilities			66,120				64,776
Total liabilities			745,723				741,504
Stockholders’ investment:
Common stock:
Class A nonvoting common stock — Issued 51,261,487 and 51,261,487 shares, respectively and outstanding 49,105,601 and 48,875,716 shares, respectively			513				513
Class B voting common stock — Issued and outstanding, 3,538,628 shares			35				35
Additional paid-in capital			308,002				304,205
Income retained in the business			750,038				718,512
Treasury stock — 1,845,886 and 2,175,771 shares, respectively of Class A nonvoting common stock, at cost			(56,069	)			(66,314	)
Accumulated other comprehensive income			79,674				50,905
Other			(4,736	)			(2,829	)
Total stockholders’ investment			1,077,457				1,005,027
Total		$	1,823,180			$	1,746,531

BRADY CORPORATION AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF CASH FLOWS

(Dollars in Thousands)

		(Unaudited)
		Six Months Ended
		January 31,
		2011				2010
Operating activities:
Net income		$	50,480			$	36,669
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization			25,502				27,366
Non-cash portion of restructuring charges			1,714				1,420
Non-cash portion of stock-based compensation expense			6,869				5,156
Gain on the sale of business			(4,394	)			—
Deferred income taxes			(4,926	)			(4,398	)
Changes in operating assets and liabilities (net of effects of business acquisitions/divestitures):
Accounts receivable			(11,938	)			(10,300	)
Inventories			(879	)			(1,891	)
Prepaid expenses and other assets			2,384				(1,585	)
Accounts payable and accrued liabilities			(13,792	)			12,926
Income taxes			6,589				2,670
Net cash provided by operating activities			57,609				68,033
Investing activities:
Acquisition of business, net of cash acquired			(7,970	)			(20,299	)
Payments of contingent consideration			(979	)			—
Divestiture of business, net of cash retained in business			12,979				—
Purchases of property, plant and equipment			(9,045	)			(14,974	)
Other			(494	)			(570	)
Net cash used in investing activities			(5,509	)			(35,843	)
Financing activities:
Payment of dividends			(18,954	)			(18,344	)
Proceeds from issuance of common stock			4,909				1,672
Income tax benefit from the exercise of stock options and deferred compensation distribution			359				380
Net cash used in financing activities			(13,686	)			(16,292	)
Effect of exchange rate changes on cash			9,048				1,530
Net increase in cash and cash equivalents			47,462				17,428
Cash and cash equivalents, beginning of period			314,840				188,156
Cash and cash equivalents, end of period		$	362,302			$	205,584
Supplemental disclosures:
Cash paid during the period for:
Interest, net of capitalized interest		$	9,138			$	10,313
Income taxes, net of refunds			17,398				10,817
Acquisitions:
Fair value of assets acquired, net of cash		$	4,624			$	8,829
Liabilities assumed			(1,446	)			(2,678	)
Goodwill			4,792				14,148
Net cash paid for acquisitions		$	7,970			$	20,299

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

																		Corporate
										Asia-				Total				and
(in thousands)		Americas				Europe				Pacific				Region				Eliminations				Total
SALES TO EXTERNAL CUSTOMERS
Three months ended:
January 31, 2011		$	136,011			$	104,041			$	88,957			$	329,009				—			$	329,009
January 31, 2010		$	121,603			$	96,614			$	77,612			$	295,829				—			$	295,829
Six months ended:
January 31, 2011		$	281,999			$	196,091			$	180,507			$	658,597				—			$	658,597
January 31, 2010		$	257,842			$	190,949			$	165,524			$	614,315				—			$	614,315
SALES GROWTH INFORMATION
Three months ended January 31, 2011:
Base			9.7	%			12.4	%			6.9	%			9.8	%			—				9.8	%
Currency			0.8	%			-6.9	%			5.6	%			-0.4	%			—				-0.4	%
Acquisitions/Divestitures			1.4	%			2.2	%			2.1	%			1.8	%			—				1.8	%
Total			11.9	%			7.7	%			14.6	%			11.2	%			—				11.2	%
Six months ended January 31, 2011:
Base			6.8	%			6.6	%			3.1	%			5.7	%			—				5.7	%
Currency			0.8	%			-6.9	%			5.0	%			-0.5	%			—				-0.5	%
Acquisitions/Divestitures			1.8	%			3.0	%			1.0	%			2.0	%			—				2.0	%
Total			9.4	%			2.7	%			9.1	%			7.2	%			—				7.2	%
SEGMENT PROFIT
Three months ended:
January 31, 2011		$	31,015			$	29,165			$	11,524			$	71,704			$	(5,088	)		$	66,616
January 31, 2010		$	23,546			$	25,947			$	10,687			$	60,180			$	(3,683	)		$	56,497
Percentage increase			31.7	%			12.4	%			7.8	%			19.1	%							17.9	%
Six months ended:
January 31, 2011		$	70,374			$	53,226			$	28,353			$	151,953			$	(8,525	)		$	143,428
January 31, 2010		$	56,347			$	50,809			$	25,814			$	132,970			$	(6,603	)		$	126,367
Percentage increase			24.9	%			4.8	%			9.8	%			14.3	%							13.5	%

NET INCOME RECONCILIATION (in thousands)

		Three months ended:								Six months ended:
		January 31,				January 31,				January 31,				January 31,
		2011				2010				2011				2010
Total profit for reportable segments		$	71,704			$	60,180			$	151,953			$	132,970
Corporate and eliminations			(5,088	)			(3,683	)			($8,525	)			(6,603	)
Unallocated amounts:
Administrative costs			(27,402	)			(28,946	)			(58,970	)			(59,659	)
Restructuring charge			(2,134	)			(3,649	)			(5,775	)			(7,250	)
Investment and other income			1,174				1,104				1,464				1,153
Interest expense			(5,850	)			(5,163	)			(11,537	)			(10,325	)
Income before income taxes			32,404				19,843				68,610				50,286
Income taxes			(8,205	)			(4,842	)			(18,130	)			(13,617	)
Net income		$	24,199			$	15,001			$	50,480			$	36,669

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

		Fiscal 2011
		Q1				Q2				Q3				Q4				Total
EBITDA (1)
Net income		$	26,281			$	24,199											$	50,480
Interest expense			5,687				5,850												11,537
Income taxes			9,925				8,205												18,130
Depreciation and amortization			12,594				12,908												25,502
EBITDA (non-GAAP measure)		$	54,487			$	51,162			$	—			$	—			$	105,649
		Fiscal 2010
		Q1				Q2				Q3				Q4				Total
EBITDA (1)
Net income		$	21,668			$	15,001			$	23,695			$	21,592			$	81,956
Interest expense			5,162				5,163				5,147				5,750				21,222
Income taxes			8,775				4,842				7,193				6,636				27,446
Depreciation and amortization			13,817				13,549				12,910				12,746				53,022
EBITDA (non-GAAP measure)		$	49,422			$	38,555			$	48,945			$	46,724			$	183,646