Last €15.75 EUR
Change Today -0.004 / -0.03%
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Symbol
Exchange
Frankfurt
As of 2:01 AM 04/17/14 All times are local (Market data is delayed by at least 15 minutes).

briggs & stratton (BS7) Snapshot

Open
€15.75
Previous Close
€15.75
Day High
€15.75
Day Low
€15.75
52 Week High
05/22/13 - €18.35
52 Week Low
10/31/13 - €13.41
Market Cap
740.3M
Average Volume 10 Days
0.0
EPS TTM
--
Shares Outstanding
47.0M
EX-Date
03/12/14
P/E TM
--
Dividend
€0.48
Dividend Yield
2.19%
Current Stock Chart for BRIGGS & STRATTON (BS7)

briggs & stratton (BS7) Related Businessweek News

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briggs & stratton (BS7) Details

Briggs & Stratton Corporation designs, manufactures, markets, and services air cooled gasoline engines for outdoor power equipment. It operates in two segments, Engines and Products. The Engines segment offers four-cycle aluminum alloy gasoline engines that are used primarily by the lawn and garden equipment industry. Its products are used in various lawn and garden equipment applications, including walk-behind lawn mowers, riding lawn mowers, garden tillers, and snow throwers, as well as on products for industrial, construction, agricultural, and other consumer applications that include portable and standby generators, pumps, and pressure washers. This segment also manufactures and sells replacement engines and service parts to sales and service distributors. The Products segment offers portable and standby generators, pressure washers, snow throwers, and lawn and garden powered equipment. This segment sells its products through various channels of retail distribution, including consumer home centers, warehouse clubs, mass merchants, and independent dealers under its brands, which include Briggs & Stratton, Snapper, Simplicity, Ferris, Snapper Pro, Murray, and Victa, as well as other brands, such as Craftsman, John Deere, GE, and Troy-Bilt. The company serves original equipment manufacturers worldwide. Briggs & Stratton Corporation was founded in 1908 and is based in Wauwatosa, Wisconsin.

5,980 Employees
Last Reported Date: 08/27/13
Founded in 1908

briggs & stratton (BS7) Top Compensated Officers

Chairman, Chief Executive Officer, President ...
Total Annual Compensation: $840.0K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $400.0K
Senior Vice President and President of Engine...
Total Annual Compensation: $347.0K
Managing Director of Europe and Senior Vice P...
Total Annual Compensation: $346.0K
Senior Vice President of Corporate Developmen...
Total Annual Compensation: $423.0K
Compensation as of Fiscal Year 2013.

briggs & stratton (BS7) Key Developments

Briggs & Stratton Corporation Presents at J.P. Morgan Global High Yield & Leveraged Finance Conference, Feb-25-2014 11:40 AM

Briggs & Stratton Corporation Presents at J.P. Morgan Global High Yield & Leveraged Finance Conference, Feb-25-2014 11:40 AM. Venue: Loews Miami Beach, Miami, Florida, United States.

Briggs & Stratton Corporation Announces Consolidated Unaudited Financial Results for the Second Quarter and Six Months Ended December 29, 2013; Revises Earnings Guidance for the Year 2014

Briggs & Stratton Corp. announced consolidated unaudited financial results for the second quarter and six months ended December 29, 2013. For the quarter, the company reported net sales of $416,592,000 against $439,066,000 a year ago. Income from operations of $5,164,000 against $4,278,000 a year ago, due to lower sales of standby and portable generators, partially offset by higher sales of engines and lawn and garden products. Income before income taxes was $2,321,000 against $1,129,000 a year ago. Net income was $702,000 against net loss of $635,000 a year ago. Diluted earnings per share were $0.01 against loss per diluted share of $0.02 a year ago. Adjusted net income was $2,298,000 against $3,678,000 a year ago. Adjusted diluted earnings per share was $0.05 against $0.07 a year ago. The impact of the reduced engines and generator sales in the quarter was an estimated $0.12 per diluted share compared with last year's second fiscal quarter. Adjusted loss from operations in the second quarter of fiscal 2014 was $4 million, an improvement of $0.5 million compared to last year. For the six months, the company reported net sales of $733,896,000 against $748,086,000 a year ago. Loss from operations of $19,767,000 against $17,540,000 a year ago. Loss before income taxes was $25,027,000 against $23,771,000 a year ago. Net loss was $18,647,000 against $17,162,000 a year ago. Diluted loss per share was $0.41 against $0.37 a year ago. Adjusted net loss was $14,200,000 against $9,518,000 a year ago. Adjusted diluted loss per share was $0.31 against $0.21 a year ago. Net cash used in operating activities was $45,248,000 against $75,412,000 a year ago. Additions to plant and equipment was $18,063,000 against $16,744,000 a year ago. Net debt as at December 29, 2013 was $126.8 million. The improvement in operating cash flows was primarily related to changes in working capital needs in fiscal 2014 associated with lower seasonal growth in accounts receivable and inventory due to lower production levels and planned inventory reductions. The company announced that for fiscal 2014, the company has revised its full year guidance to exclude the potential positive benefit of landed hurricanes from the upper end of the revenue and earnings guidance. In addition, the lower end of the guidance has been reduced to give effect to approximately $3.0 million of negative foreign currency fluctuations and the lack of European snow sales that are not likely to be recovered in the second half of the fiscal year. The company now expects net income to be in a range of $48 million to $57 million or $1.00 to $1.18 per diluted share prior to the impact of any additional share repurchases and costs related to announced restructuring actions. Fiscal 2014 consolidated net sales are projected to be in a range of $1.88 billion to $2.0 billion. The company continues to estimate that the retail market for lawn and garden products will increase 4-6% in the U.S. next season. The estimated incremental impact of exiting the sale of lawn and garden equipment through national mass retailers is approximately $10 million to $15 million of reduced sales in fiscal 2014. In addition, sales in fiscal 2013 were favorably impacted by sales of portable and standby generators in response to power outages during Hurricanes Isaac and Sandy. The upper end of earnings projections contemplates a higher market recovery in excess of 10% for the U.S. lawn and garden market. Operating income margins are expected to improve over fiscal 2013 and be in a range of 4.5% to 4.8% and reflect the positive impacts of the restructuring actions. Interest expense and other income are estimated to be approximately $18 million and $5 million, respectively. The effective tax rate is projected to be in a range of 30% to 33% and capital expenditures are projected to be approximately $50 million to $55 million.

Briggs & Stratton Corporation, Board Meeting, Jan 22, 2014

Briggs & Stratton Corporation, Board Meeting, Jan 22, 2014. Agenda: To authorize an additional $50 million in funds for use in the company's share repurchase program and an extension of the expiration date to June 30, 2016; and to elect Frank M. Jaehnert as a director.

 

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