8-K

                                 UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                    FORM 8-K
                                 CURRENT REPORT

     Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

       Date of Report (Date of earliest event reported): October 22, 2004

                         Commission File Number 1-14959

                                BRADY CORPORATION
             (Exact name of registrant as specified in its charter)


               Wisconsin                              39-0971239
       (State of Incorporation)             (IRS Employer Identification No.)


                            6555 West Good Hope Road
                           Milwaukee, Wisconsin 53223
              (Address of Principal Executive Offices and Zip Code)


                                 (414) 358-6600
                         (Registrant's Telephone Number)



Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions:

( ) Written communications pursuant to Rule 425 under the Securities Act
(17 CFR 230.425)

( ) Soliciting material pursuant to Rule 14a-12 under the Exchange Act
(17 CFR 240.14a-12)

( ) Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
Act (17 CFR 240.14d-2(b))

( ) Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange
Act (17 CFR 240.13e-4(c))









Item 8.01 OTHER EVENTS

On October 22, 2004 Brady Corporation announced that it expects first quarter
revenue in the range of $195 to $200 million, net income of $18 to $19 million
and diluted earnings per share in the quarter of $.75 to $0.79. For the full
year, Brady raised earnings guidance to $66 to $69 million with sales of $780 to
$800 million. Previous earnings guidance was $59 to $62 million with sales of
$770 to $790 million. Further information is included in Brady's press release
filed as Exhibit 99 to this report and incorporated herein by reference.

                                    SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.

                                BRADY CORPORATION
Date: October 26, 2004          /s/ David Mathieson
                                -----------------------------------
                                David Mathieson
                                Vice President &
                                Chief Financial Officer








                                  EXHIBIT INDEX

EXHIBIT
NUMBER                 DESCRIPTION
- -------                -----------

  99         Press Release of Brady Corporation dated October 22, 2004.

EX-99

                                                                      EXHIBIT 99

For More Information:
Investor contact:  Barbara Bolens  414-438-6940, Director of Investor Relations
Media contact:  Carole Herbstreit 414-438-6882, Public Relations Manager


BRADY CORPORATION INCREASES F'05 GUIDANCE DUE TO A STRONG FIRST QUARTER.

MILWAUKEE (October 22, 2004)--Brady Corporation (NYSE: BRC), a world leader in
identification solutions, today announced that it expects first quarter revenue
in the range of $195 to $200 million, net income of $18 to 19 million and
diluted earnings per share in the quarter of $0.75 to $0.79. For the full year,
the company is raising earnings guidance to $66 to $69 million with sales of
$780 to 800 million.

         "This has been a very good first quarter so far, due to stronger than
expected base business growth, particularly in Asia, and a better than expected
contribution from our recent acquisitions," said Brady President and Chief
Executive officer Frank M. Jaehnert.

         Brady will announce its fiscal 2005 first quarter results on November
16, 2004.

         Brady is an international manufacturer and marketer of identification
and materials solutions, with products including labels, signs, precision
die-cut materials, printing systems, software, and label-application and
data-collection systems for electronics, telecommunications, manufacturing,
electrical, and a variety of other markets. Founded in 1914, Brady is
headquartered in Milwaukee and employs about 4,000 people in operations in the
United States, Europe, Asia/Pacific, Latin America and Canada. Brady had fiscal
2004 sales of $671 million and net income of $51 million. More information is
available on the Internet at www.bradycorp.com.


This news release contains forward-looking information, as defined in the
Private Securities Litigation Reform Act of 1995. Forward-looking information in
this release involves risks and uncertainties, including, but not limited to,
domestic and international economic conditions and growth rates; fluctuations in
currency exchange rates for international currencies versus the U.S. dollar; the
successful implementation of a new enterprise-resource-planning system; the
ability of the company to acquire, integrate and achieve anticipated synergies
from new businesses; the ability of the company to adjust its cost structure to
changes in levels of sales and product mix in a timely manner; variations in the
economic or political conditions in the countries in which the company does
business; technology changes; and the continued availability of sources of
supply. Brady cautions that forward-looking statements are not guarantees, since
there are inherent difficulties in predicting future results, and that actual
results could differ materially from those expressed or implied in
forward-looking statements.