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briggs & stratton (BS7) Snapshot

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01/23/14 - €16.65
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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
Compensation as of Fiscal Year 2013.

briggs & stratton (BS7) Key Developments

Briggs & Stratton Corp. to Close its Mcdonough, Ga., Plant and Transfer the Work into Existing Facilities in Wisconsin and New York

Briggs & Stratton Corp. announced that it plans to close its McDonough, Ga., plant and transfer the work into existing facilities in Wisconsin and New York. About 475 employees at the Georgia factory will be laid off over the next few months. The company expects to add 220 full-time positions and 150 temporary seasonal workers to its facility in Wauwatosa. Staffing levels at its Munnsville, N.Y., plant are expected to remain at current levels. The company is making the changes because, beginning in the 2016 lawn and garden season, the company plans to narrow the products that are used in lower-priced Snapper consumer lawn and garden equipment as a cost-cutting measure. The company plans to produce its pressure washers, snow throwers, and lawn tractors in Wauwatosa and its zero-turn lawnmowers in New York.

Briggs & Stratton Corporation Provides Preliminary Sales Guidance for the Fourth Quarter and Full Year Ended June 29, 2014

Briggs & Stratton Corporation provided preliminary sales guidance for the fourth quarter and full year ended June 29, 2014. For the quarter, the company expects to reporting consolidated net sales of $495 million, a 4% increase over fourth quarter fiscal 2013 consolidated net sales of $477 million. For the year, the company expects to reporting fiscal 2014 full year consolidated net sales of $1.86 billion, consistent with net sales in fiscal 2013, despite approximately $100 million in storm- related engine and generator sales in fiscal 2013 that did not recur in fiscal 2014. Fiscal 2014 net sales results included in this release are preliminary and are subject to completion of fiscal year end closing and auditing procedures.

Briggs & Stratton Corporation Announces Retirement of Thomas R. Savage as Senior Vice President - Corporate Development

On June 29, 2014, Thomas R. Savage, Senior Vice President - Corporate Development, retired from Briggs & Stratton Corporation.


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