Last €14.73 EUR
Change Today +0.58 / 4.11%
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As of 2:00 AM 10/22/14 All times are local (Market data is delayed by at least 15 minutes).

briggs & stratton (BS7) Snapshot

Open
€14.73
Previous Close
€14.15
Day High
€14.73
Day Low
€14.73
52 Week High
01/23/14 - €16.65
52 Week Low
10/13/14 - €13.40
Market Cap
674.8M
Average Volume 10 Days
0.0
EPS TTM
--
Shares Outstanding
45.8M
EX-Date
12/3/14
P/E TM
--
Dividend
€0.50
Dividend Yield
2.43%
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 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, Branco, and Victa, as well as other brands, such as Craftsman, GE, and Troy-Bilt. The company serves original equipment manufacturers worldwide. Briggs & Stratton Corporation was founded in 1908 and is headquartered in Wauwatosa, Wisconsin.

5,695 Employees
Last Reported Date: 08/26/14
Founded in 1908

briggs & stratton (BS7) Top Compensated Officers

Chairman, Chief Executive Officer, President ...
Total Annual Compensation: $873.3K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $425.0K
Senior Vice President and President of Engine...
Total Annual Compensation: $358.7K
Senior Vice President and Managing Director o...
Total Annual Compensation: $360.2K
Compensation as of Fiscal Year 2014.

briggs & stratton (BS7) Key Developments

Briggs & Stratton Announces New Symphony(R) II Power Management System for its Line of Residential Standby Generators

Briggs & Stratton announced the new Symphony(R) II power management system for its line of residential standby generators. The technology is designed to provide families with the most affordable and customizable solution to keep a home's lights and appliances on during a power outage. The Symphony II system lets homeowners prioritize what in their home they need powered, by pro-actively monitoring and managing the home's backup power needs. It uses computer technology and remote power generator modules that are installed directly to a home's existing wiring. After a home seamlessly transitions from utility power to backup power, Symphony II automatically manages the distribution of power to the electrical loads -- including up to eight high-wattage items like air conditioning units, electric stoves and electric dryers -- to provide power where it's needed while preventing a generator overload. And because the Symphony II power management system communicates with the electrical circuits over the home's existing wiring, the cost of generator installation is further reduced. The Symphony II power management system is packaged with the Briggs & Stratton 100-amp or 200-amp automatic transfer switch, as well as its dual 200-amp/400-amp automatic transfer switch. Symphony II is available with the following Briggs & Stratton products: 10 kW(1), 12 kW(1), 16 kW(1), 20 kW(1), 25 kW(1), 35 kW(1), 48 kW(1) and 60 kW(1) standby generators.

Briggs & Stratton Corporation Begins Implementation of the Restructuring Actions

Briggs & Stratton Corporation began implementing the restructuring actions to narrow its assortment of lower-priced Snapper consumer lawn and garden equipment and consolidate its Products segment manufacturing facilities in order to reduce costs. The company will close its McDonough, Georgia plant in the second half of fiscal 2015 and consolidate production into existing facilities in Wisconsin and New York.

Briggs & Stratton Corporation Reports Unaudited Consolidated Earnings Results for the First Quarter Ended September 28, 2014; Revises Earnings Guidance for the Fiscal 2015

Briggs & Stratton Corporation reported unaudited consolidated earnings results for the first quarter ended September 28, 2014. For the quarter, the company reported net sales of $292,629,000 against $317,304,000 a year ago. The decrease primarily relates to lower sales of engines resulting from higher channel inventories in North America and lower sales of engines for snow thrower OEM customers in Europe due to adequate inventories following last season. The decrease in Net Sales were partially offset by higher sales of pressure washers, snow throwers, lawn and garden equipment and the Allmand acquisition. Loss from operations was $23,718,000 against $24,931,000 a year ago. Loss before income taxes was $25,863,000 against $27,348,000 a year ago. Net loss was $15,279,000 against $19,349,000 a year ago. Basic and diluted loss per share was $0.34 against $0.41 a year ago. Net cash used in operating activities was $48,878,000 against $52,861,000 a year ago. The slight improvement in operating cash flows was primarily related to an improved net loss and a decrease in accounts receivable due to lower sales, partially offset by higher inventory levels and accounts payable. Additions to plant and equipment were $7,390,000 against $11,650,000 a year ago. Net debt as at September 28, 2014 was $163.1 million (total debt of $225.0 million less $61.9 million of cash), or $53.2 million higher than the $109.8 million (total debt of $225.0 million less $115.2 million of cash) at September 29, 2013. Consolidated adjusted net loss was $9.3 million, an improvement of 43% from the adjusted net loss of $16.5 million in the first quarter of fiscal 2014. Adjusted diluted loss per share was $0.21, an improvement from the adjusted diluted loss per share of $0.35 in the prior year The company increasing fiscal 2015 projections to include the Allmand acquisition. Previously, the company expected net income to be in a range of $50 million to $60 million or $1.07 to $1.27 per diluted share. The company now estimating fiscal 2015 net income to be in a range of $53 million to $63 million or $1.14 to $1.35 per diluted share prior to the impact of acquisition expenses, additional share repurchases, or costs related to announced restructuring actions. The company also increasing projections of consolidated net sales for fiscal 2015 to be in a range of $1.94 billion to $2.0 billion. The company continue to estimate that the retail market for lawn and garden products will increase 1-4% in the U.S. next season. Sales estimates do not include the impact of landed hurricanes. Operating income margins for fiscal 2015 are expected to improve over fiscal 2014 and be in a range of 4.5% to 5.0% and reflect the positive impacts of the restructuring actions, particularly in the last quarter of the fiscal year. Interest expense and other income are estimated to be approximately $19 million and $7 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 $60 million to $65 million.

 

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BS7

Industry Average

Valuation BS7 Industry Range
Price/Earnings 26.6x
Price/Sales 0.5x
Price/Book 1.3x
Price/Cash Flow 25.9x
TEV/Sales 0.3x
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