Last $20.84 USD
Change Today +0.05 / 0.24%
Volume 294.2K
BGG On Other Exchanges
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As of 8:04 PM 02/27/15 All times are local (Market data is delayed by at least 15 minutes).

briggs & stratton (BGG) Snapshot

Open
$20.73
Previous Close
$20.79
Day High
$20.92
Day Low
$20.64
52 Week High
03/7/14 - $23.02
52 Week Low
10/1/14 - $17.14
Market Cap
937.8M
Average Volume 10 Days
333.4K
EPS TTM
$1.18
Shares Outstanding
45.0M
EX-Date
03/13/15
P/E TM
17.7x
Dividend
$0.50
Dividend Yield
2.35%
Current Stock Chart for BRIGGS & STRATTON (BGG)

briggs & stratton (BGG) Related Businessweek News

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briggs & stratton (BGG) 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 (BGG) Top Compensated Officers

Chairman, Chief Executive Officer, President ...
Total Annual Compensation: $873.3K
Chief Financial Officer and Senior Vice Presi...
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 (BGG) Key Developments

Briggs & Stratton Corporation Introduces Lithium-Ion Electric Starting Technology to Gas-Powered Engines

Briggs & Stratton Corporation introduced lithium-ion electric starting technology to gas-powered engines. Available now, exclusively on Cub Cadet lawn mowers at Cub Cadet independent dealers and Costco Wholesale, InStart lithium-ion starting technology, combined with Briggs & Stratton's ReadyStart Starting System, requires no priming, no choking and no rope to pull. InStart also offers quick, reliable charging. One hour is all it takes to fully charge the lithium-ion battery, which provides up to 75 starts, enough starts for the entire mowing season for many homeowners. With the rapid recharge, ten minutes of charging can provide up to 20 starts.

Briggs & Stratton Corporation Presents at JPMorgan Global High Yield & Leveraged Finance Conference, Feb-23-2015 09:40 AM

Briggs & Stratton Corporation Presents at JPMorgan Global High Yield & Leveraged Finance Conference, Feb-23-2015 09:40 AM. Venue: Loews Hotel, Miami Beach, Florida, United States.

Briggs & Stratton Corp. Announces Unaudited Consolidated Financial Results for the Second Quarter and Six Months Ended December 28, 2014; Revises Earnings Guidance for the Full Year of 2015

Briggs & Stratton Corp. announced unaudited consolidated financial results for the second quarter and six months ended December 28, 2014. For the quarter, the company reported net sales of $444,287,000 against $416,592,000 a year ago. The increase in Net Sales were partially offset by reduced shipment volumes of small engines used on walk mowers in North America due to elevated channel inventories following this past season and lower generator sales due to adequate channel inventories and no major storm activity. Income from operations was $13,315,000 against $5,164,000 a year ago. Income before income taxes was $10,477,000 against $2,321,000 a year ago. Net income was $6,943,000 against $702,000 a year ago. Basic and basic and diluted earnings per share were $0.15 against $0.01 a year ago. Adjusted income from operations was $20,925,000 against $7,482,000 a year ago. Adjusted income before income taxes was $18,087,000 against $4,639,000 a year ago. Adjusted net income was $11,889,000 against $2,298,000 a year ago. Adjusted basic and basic and diluted earnings per share were $0.26 against $0.05 a year ago. For the six months, the company reported net sales of $736,916,000 against $733,896,000 a year ago. This increase in Net Sales were partially offset by reduced shipment volumes of small engines used on walk mowers in North America and lower sales of generators. Loss from operations was $10,402,000 against $19,767,000 a year ago. Loss before income taxes was $15,385,000 against $25,027,000 a year ago. Net loss was $8,336,000 against $18,647,000 a year ago. Basic and basic and diluted loss per share was $0.19 against $0.41 a year ago. Adjusted net income was $2,559,000 against adjusted net loss of $14,200,000 a year ago. Adjusted basic and basic and diluted income per share was $0.05 against adjusted net loss per share of $0.31 a year ago. Net cash used in operating activities was $114,032,000 against $45,248,000 a year ago. Additions to plant and equipment were $23,289,000 against $18,063,000 a year ago. Adjusted income from operations was $6,359,000 against adjusted net loss from operations of $13,864,000 a year ago. Adjusted income before income taxes was $1,376,000 against adjusted loss before income taxes of $19,124,000 a year ago. Net debt at December 28, 2014 was $260.3 million. The increase in operating cash flows used was primarily related to higher inventory levels to facilitate the upcoming closure of the McDonough plant and the introduction of a new engine line in fiscal 2015, partially offset by improvements in managing outstanding accounts receivable. The company is adjusting its full year guidance to increase the lower end of its earnings guidance.  The company now projects its fiscal 2015 full year net income to be in a range of $55 million to $63 million or $1.20 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 expects consolidated net sales for fiscal 2015 to be in a range of $1.94 billion to $2.0 billion which contemplates the retail market for U.S. lawn and garden products will increase an estimated 1-4% in the next season. The company is also increasing its estimated operating income margins for fiscal 2015.  Operating margins are expected to be in a range of 4.7% to 5.2%, an improvement over fiscal 2014 reflecting 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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BGG

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Valuation BGG Industry Range
Price/Earnings 25.0x
Price/Sales 0.5x
Price/Book 1.5x
Price/Cash Flow 24.3x
TEV/Sales 0.3x
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