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Briggs & Stratton Corp (BGG)

BGG on New York Consolidated

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17 Nov 2017
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Latest Key Developments (Source: Significant Developments)

Briggs & Stratton to move production from Japan to plants in U.S.
Monday, 30 Oct 2017 09:25am EDT 

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 04:25pm EDT 

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 06:00am EDT 

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 05:02pm EDT 

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

Briggs & Stratton Corp reports Q3 earnings per share $0.83
Thursday, 20 Apr 2017 05:04pm EDT 

April 20 (Reuters) - Briggs & Stratton Corp :Briggs & Stratton corporation reports fiscal 2017 third quarter results.Q3 earnings per share $0.83.Q3 sales $597 million versus I/B/E/S view $617 million.Q3 earnings per share view $0.82 -- Thomson Reuters I/B/E/S.Sees fy 2017 sales $1.86 billion to $1.9 billion.Our outlook for fiscal 2017 remains unchanged from previous guidance.Briggs & Stratton Corp sees 2017 capital expenditures to be $80 million to $90 million.Briggs & Stratton Corp - fiscal 2017 operating margins are expected to be approximately 5.5% to 5.8%.Briggs & Stratton Corp 2017 net income is expected to be in a range of $57 million to $64 million or $1.31 to $1.46 per diluted share.Fy2017 revenue view $1.86 billion -- Thomson Reuters I/B/E/S.Fy2017 earnings per share view $1.37 -- Thomson Reuters I/B/E/S.  Full Article

Briggs & Stratton Corp reports Q2 earnings per share $0.35
Wednesday, 25 Jan 2017 04:33pm EST 

Briggs & Stratton Corp - : Briggs & Stratton Corporation reports fiscal 2017 second quarter results . Q2 earnings per share $0.35 . Q2 sales $428 million versus I/B/E/S view $416.3 million . Q2 earnings per share view $0.28 -- Thomson Reuters I/B/E/S . Sees FY 2017 sales $1.86 billion to $1.9 billion . Briggs & Stratton Corp sees FY 2017 capital expenditures are expected to be $70 million to $80 million . Briggs & Stratton Corp says 2017 net income is expected to be in a range of $57 million to $64 million or $1.31 to $1.46 per diluted share . FY2017 earnings per share view $1.36, revenue view $1.85 billion -- Thomson Reuters I/B/E/S .Capital expenditures are expected to be $70 million to $80 million in 2017.  Full Article

Briggs & Stratton sees FY 2017 earnings per share $1.26 to $1.41
Wednesday, 17 Aug 2016 04:33pm EDT 

Briggs & Stratton Corp : Q4 adjusted earnings per share $0.46 . Sees fy 2017 sales $1.84 billion to $1.89 billion . Q4 earnings per share view $0.54 -- Thomson Reuters I/B/E/S . Briggs & stratton corporation reports fourth quarter results . Q4 earnings per share $0.12 . Q4 sales $502 million versus i/b/e/s view $562.3 million . Sees fy 2017 earnings per share $1.26 to $1.41 . Increases quarterly dividend by 4 percent to $0.14per share . Fy2017 earnings per share view $1.56, revenue view $1.93 billion -- Thomson Reuters I/B/E/S .Fiscal q4 sales were impacted by cooler than normal temperatures in north america and europe.  Full Article

Briggs & Stratton Corp reaffirms FY 2016 revenue guidance; raises FY 2016 earnings guidance
Wednesday, 20 Jan 2016 05:09pm EST 

Briggs & Stratton Corp:Continue to anticipate net sales for FY 2016 to be in a range of $1.90 billion to $1.96 billion.Says increasing earnings guidance for FY 2016.Estimates FY 2016 net income to be in a range of $56 million to $63 million or $1.25 to $1.41 per diluted share, up from previous guidance of $54 million to $61 million or $1.20 to $1.36 per diluted share; prior to the impact of any restructuring actions or additional share repurchases.FY 2015 EPS of $1.30 and revenue of $1.92 billion - Thomson Reuters I/B/E/S.  Full Article

BRIEF-Briggs & Stratton to move production from Japan to plants in U.S.

* Briggs & Stratton to move production from Japan to its plants in Statesboro, Georgia and Auburn, Alabama