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Briggs & Stratton Corp (BGG.N)

BGG.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Briggs & Stratton Q3 Adjusted Earnings Per Share $0.34 Excluding Items
Thursday, 25 Apr 2019 

April 25 (Reuters) - Briggs & Stratton Corp ::BRIGGS & STRATTON CORPORATION REPORTS FISCAL 2019 THIRD QUARTER RESULTS.SEES FY 2020 EARNINGS PER SHARE $1.20 TO $1.40 EXCLUDING ITEMS.Q3 ADJUSTED EARNINGS PER SHARE $0.34 EXCLUDING ITEMS.Q3 GAAP EARNINGS PER SHARE $0.19.Q3 SALES $580 MILLION VERSUS REFINITIV IBES ESTIMATE OF $575.3 MILLION.Q3 EARNINGS PER SHARE ESTIMATE $0.65 -- REFINITIV IBES DATA.SEES FY 2020 SALES $1.98 BILLION TO $2.03 BILLION.SEES FY 2019 EARNINGS PER SHARE $0.45 TO $0.55.FY2019 REVENUE VIEW $1.90 BILLION -- REFINITIV IBES DATA.FISCAL 2019 NET SALES ARE NOW EXPECTED TO BE IN A RANGE OF $1.86 BILLION TO $1.91 BILLION.CONTINUES TO ANTICIPATE CAPITAL EXPENDITURES OF APPROXIMATELY $65 MILLION FOR FISCAL 2019.FY2020 EARNINGS PER SHARE VIEW $1.54 -- REFINITIV IBES DATA.  Full Article

Briggs & Stratton Corporation Reports Fiscal 2019 Third Quarter Results
Thursday, 25 Apr 2019 

April 25 (Reuters) - Briggs & Stratton Corp ::ORATION REPORTS FISCAL 2019 THIRD QUARTER RESULTS.SEES FY 2020 EARNINGS PER SHARE $1.20 TO $1.40 EXCLUDING ITEMS.Q3 ADJUSTED EARNINGS PER SHARE $0.34 EXCLUDING ITEMS.Q3 GAAP EARNINGS PER SHARE $0.19.SEES FY 2020 SALES $1.98 MILLION TO $2.03 MILLION.Q3 SALES $580 MILLION VERSUS REFINITIV IBES ESTIMATE OF $575.3 MILLION.Q3 EARNINGS PER SHARE ESTIMATE $0.65 -- REFINITIV IBES DATA.SEES FY 2019 EARNINGS PER SHARE $0.45 TO $0.55.FY2019 REVENUE VIEW $1.90 BILLION -- REFINITIV IBES DATA.FISCAL 2019 NET SALES ARE NOW EXPECTED TO BE IN A RANGE OF $1.86 BILLION TO $1.91 BILLION.CONTINUES TO ANTICIPATE CAPITAL EXPENDITURES OF APPROXIMATELY $65 MILLION FOR FISCAL 2019.FY2020 EARNINGS PER SHARE VIEW $1.54 -- REFINITIV IBES DATA.  Full Article

Briggs & Stratton Corp Says Optimizes Business With Goal To Yield $30 To $35 Mln Annual Pre-Tax Savings By FY2021
Wednesday, 14 Nov 2018 

Nov 14 (Reuters) - Briggs & Stratton Corp ::BRIGGS & STRATTON CORP - OPTIMIZES BUSINESS WITH GOAL TO YIELD $30 TO $35 MILLION ANNUAL PRE-TAX SAVINGS BY FY2021.  Full Article

Briggs & Stratton Reports Q2 Gaap Loss Per Share $0.39
Wednesday, 24 Jan 2018 

Jan 24 (Reuters) - Briggs & Stratton Corp ::BRIGGS & STRATTON CORPORATION REPORTS FISCAL 2018 SECOND QUARTER RESULTS.Q2 ADJUSTED EARNINGS PER SHARE $0.25 EXCLUDING ITEMS.Q2 GAAP LOSS PER SHARE $0.39.Q2 EARNINGS PER SHARE VIEW $0.23 -- THOMSON REUTERS I/B/E/S.SEES FY 2018 SALES $1.91 BILLION TO $1.96 BILLION.Q2 SALES $446 MILLION VERSUS I/B/E/S VIEW $424 MILLION.RAISES FY 2018 EARNINGS PER SHARE VIEW TO $1.45 TO $1.62.AS A RESULT OF TAX CUTS AND JOBS ACT OF 2017, COMPANY RECOGNIZED A ONE-TIME CHARGE OF $24.9 MILLION IN Q2.EXPECTS REDUCTION IN CORPORATE TAX RATE WILL RESULT IN AN EFFECTIVE TAX RATE OF ABOUT 29% TO 31% FOR FISCAL 2018.BEGINNING IN FISCAL 2019, COMPANY'S EFFECTIVE TAX RATE IS EXPECTED TO DECREASE TO A RANGE OF APPROXIMATELY 26% TO 28%.FY2018 EARNINGS PER SHARE VIEW $1.63, REVENUE VIEW $1.91 BILLION -- THOMSON REUTERS I/B/E/S.  Full Article

Briggs & Stratton acquires commercial spreader and sprayer product line
Monday, 11 Dec 2017 

Dec 11 (Reuters) - Briggs & Stratton Corp ::BRIGGS & STRATTON ACQUIRES COMMERCIAL SPREADER AND SPRAYER PRODUCT LINE.BRIGGS & STRATTON CORP - BRIGGS & STRATTON FINANCED TRANSACTION FROM CASH ON HAND.BRIGGS & STRATTON CORP - EXPECTS THAT ACQUISITION WILL NOT HAVE A MATERIAL EFFECT ON FISCAL 2018 EARNINGS OR CASH FLOWS.BRIGGS & STRATTON CORP - ACQUIRED ASSETS OF GROUND LOGIC INC OF LINCOLN, NE.  Full Article

Briggs & Stratton to move production from Japan to plants in U.S.
Monday, 30 Oct 2017 

Oct 30 (Reuters) - Briggs & Stratton Corp :Briggs & Stratton to move production from Japan to its plants in Statesboro, Georgia and Auburn, Alabama.Briggs & Stratton- ‍production of V-Twin Vanguard engines in U.S. Plants is expected to be phased in beginning in middle of 2018 through middle of 2019​.Briggs & Stratton-to move production of V-Twin Vanguard engines from JV in Japan to existing facilities in Statesboro, Georgia and Auburn, Alabama​.  Full Article

Briggs & Stratton reports Q1 adjusted loss per share $0.27
Wednesday, 25 Oct 2017 

Oct 25 (Reuters) - Briggs & Stratton Corp :Briggs & Stratton Corporation reports fiscal 2018 first quarter results.Q1 adjusted loss per share $0.27.Q1 earnings per share view $-0.34 -- Thomson Reuters I/B/E/S.Sees FY 2018 sales $1.9 billion to $1.95 billion.Q1 sales $329 million versus I/B/E/S view $295.8 million.Raises FY 2018 earnings per share view to $1.41 to $1.58.Q1 GAAP loss per share $0.36.Briggs & Stratton- ‍for fiscal 2018, operating margins expected to be about 5.8% to 6.0% prior to impact of costs related to business optimization program​.  Full Article

Briggs & Stratton to expand commercial turf operation​
Thursday, 17 Aug 2017 

Aug 17 (Reuters) - Briggs & Stratton Corp :Briggs & Stratton - ‍Will be moving production of commercial turf operations from current facility in Munnsville, N.Y. to neighboring Sherrill, N.Y.​.Briggs & Stratton Corp - Anticipates some production to begin in spring 2018 and will be fully operational in spring of 2019 for Munnsville facility​.  Full Article

Briggs & Stratton Corp reports Q4 earnings per share of $0.46
Wednesday, 16 Aug 2017 

Aug 16 (Reuters) - Briggs & Stratton Corp :Briggs & Stratton Corporation reports fiscal 2017 fourth quarter and full-year results.Sees FY 2018 earnings per share $1.31 to $1.48.Q4 earnings per share $0.46.Q4 sales $474 million versus I/B/E/S view $537.8 million.Q4 earnings per share view $0.53 -- Thomson Reuters I/B/E/S.Sees FY 2018 sales $1.87 billion to $1.92 billion.Briggs & Stratton - ‍announces business optimization program which will generate $30 million to $35 million of annual pre-tax savings​.Briggs & Stratton Corp - ‍total pre-tax expenses related to business optimization program are expected to be approximately $50 million to $55 million​.Briggs & Stratton Corp - capital expenditures are projected to be $80 million to $90 million for 2018.Briggs & Stratton Corp - ‍production of Ferris commercial mowers is expected to begin in new facility in latter half of fiscal 2018.Briggs & Stratton Corp - ‍$24 million to $28 million of pre-tax expenses related to business optimization program​ expected be recognized in fiscal 2018.FY2017 revenue view $1.85 billion -- Thomson Reuters I/B/E/S.Briggs & Stratton - optimization program entails expanding production of Vanguard commercial engines into existing plants in Georgia, Alabama​.  Full Article