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Last €17.54 EUR
Change Today -0.042 / -0.24%
Volume 0.0
BS7 On Other Exchanges
Symbol
Exchange
New York
As of 2:01 AM 09/4/15 All times are local (Market data is delayed by at least 15 minutes).

briggs & stratton (BS7) Snapshot

Open
€17.54
Previous Close
€17.58
Day High
€17.54
Day Low
€17.54
52 Week High
04/16/15 - €19.30
52 Week Low
10/13/14 - €13.40
Market Cap
771.5M
Average Volume 10 Days
15.3
EPS TTM
--
Shares Outstanding
44.0M
EX-Date
09/15/15
P/E TM
--
Dividend
€0.54
Dividend Yield
2.44%
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, sells, 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, lawn and garden powered equipment, turf care, and job site products. 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, including Briggs & Stratton, Simplicity, Snapper, Snapper Pro, Ferris, PowerBoss, Allmand, Billy Goat, 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.

5,480 Employees
Last Reported Date: 08/21/15
Founded in 1908

briggs & stratton (BS7) Top Compensated Officers

Chairman, Chief Executive Officer, President ...
Total Annual Compensation: $873.3K
Senior Vice President and President of Engine...
Total Annual Compensation: $425.0K
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 Corporation Announces Management Changes

Briggs & Stratton Corporation announced that on August 12, 2015, the Board of Directors of the company appointed David J. Rodgers as Senior Vice President and President - Engines Group, and Mark A. Schwertfeger as Senior Vice President and Chief Financial Officer, effective August 17, 2015. In their new roles, Mr. Rodgers is replacing Joseph C. Wright, who is leaving the company, and Mr. Schwertfeger is replacing Mr. Rodgers. Mr. Schwertfeger will serve as the company's principal financial officer and principal accounting officer. Mr. Rodgers has served as the company's Senior Vice President and Chief Financial Officer since 2010. He previously served as Vice President - Finance during 2010 and as Controller from 2006 until 2010. Mr. Schwertfeger has served as a Vice President of the company since September 2014, as principal accounting officer since November 2014, and as Controller since 2010. He previously served as International Controller of the company since 2008.

Briggs & Stratton Corporation Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended June 28, 2015; Provides Earnings Guidance for the Fiscal Year 2016

Briggs & Stratton Corporation reported unaudited consolidated earnings results for the fourth quarter and full year ended June 28, 2015. Consolidated net sales for the fourth quarter of fiscal 2015 were $539 million, an increase of $42 million or 8.5% from the fourth quarter of fiscal 2014. Engine sales increased during the quarter primarily due to higher shipments to OEM customers in key markets on improved market conditions and share gains.  Net sales also benefited from the results of the Allmand and Billy Goat acquisitions, which closed in August 2014 and May 2015, respectively, and higher sales of commercial lawn and garden equipment.  The increase in net sales were partially offset by the strengthening of the US dollar, predominantly against the Australian dollar, Brazilian real and Euro, which led to an unfavorable foreign currency impact on sales of $9.4 million. The fourth quarter of fiscal 2015 adjusted consolidated net income of $23.0 million or $0.51 per basic and diluted share improved by $8.4 million or $0.20 per basic and diluted share compared to the adjusted consolidated net income of the fourth quarter of fiscal 2014. Income from operations was $31.2 million against $10.6 million last year. Income before income taxes was $29.8 million against $9.2 million last year. Net income was $20.1 million or $0.45 per basic and diluted share against $7.8 million or $0.17 per basic and diluted share a year ago. Adjusted net sales were $538.8 million against $496.7 million last year. Adjusted income from operations was $35.7 million against $20.5 million last year. Adjusted income before income taxes was $34.3 million against $19.1 million last year. The increase in net sales would have been 10.4% without the impacts of foreign currency due to the stronger U.S. dollar. Consolidated net sales for fiscal 2015 were $1.89 billion. Consolidated net sales increased $65 million or 3.5% before the impact of unfavorable currency rates. Consolidated net sales increased $36 million or 1.9% from fiscal 2014, which includes $29 million related to unfavorable currency rates. The increase in net sales is due to the results from the Allmand and Billy Goat acquisitions, a 3% increase in global engine unit shipments and higher sales of commercial lawn and garden equipment and pressure washers in North America. Partially offsetting the increase were reduced sales of generators, unfavorable engine sales mix and the planned actions to narrow the assortment of lower-priced Snapper consumer lawn and garden equipment. Fiscal 2015 adjusted consolidated net income of $64.8 million or $1.42 per basic and diluted share improved by $25.8 million or $0.60 per basic and diluted share due to improved margins in the engines and products businesses due to cost reductions including restructuring plan savings, new product introductions with higher margins, and the impact of completing two acquisitions, partially offset by an unfavorable foreign currency impact of approximately $7.6 million. Income from operations was $66.2 million against $46.3 million last year. Income before income taxes was $57 million against $37.1 million last year. Net income was $45.7 million or $1.00 per basic and diluted share against $28.3 million or $0.59 per basic and diluted share a year ago. Adjusted net sales were $1,894.8 million against $1,859.1 million last year. Adjusted income from operations was $95.6 million against $61.3 million last year. Adjusted income before income taxes was $86.4 million against $52.1 million last year. Net cash provided by operating activities was $148.1 million against $127.1 million last year. Additions to plant and equipment were $71.7 million against $60.3 million last year. Net debt at June 28, 2015 was $106.6 million (total debt of $225.0 million less $118.4 million of cash), or $76.3 million higher than the $30.3 million (total debt of $225.0 million less $194.7 million of cash) at June 29, 2014. For fiscal 2016, the company expected net sales to be in a range of $1.90 to $1.96 billion. This sales range contemplates modest organic growth with expectations of the U.S. and European markets to improve by 1% to 3% for the next season.  Acquisitions completed in fiscal 2015 are expected to add 2% to net sales and reflects lower capital spending levels by oil and gas companies based on lower oil pricing compared with last year.  Offsetting organic and acquisition growth are sales headwinds of approximately 2% related to reduction of the lower margin Snapper SKUs that were sold down this season and unfavorable net foreign currency impacts related to a strong U.S. dollar relative to many of the currencies sell in. The company estimated fiscal 2016 net income to be in a range of $54 to $61 million or $1.20 to $1.36. The earnings for fiscal 2016 reflect a return to a more normalized tax rate in the range of 32% to 34% which represents a reduced benefit of approximately $0.14 per diluted share from fiscal 2015. In addition, unfavorable foreign currency impacts in fiscal 2016 are estimated at approximately $10 million pre-tax, or $0.15 per diluted share, net of the pricing and cost reduction actions are taking in order offset the impact of currencies.  Also in fiscal 2016, the company is required to adopt new mortality tables to value pension liability that will increase pension expense by approximately $0.06 per diluted share. Offsetting these headwinds is organic and acquisition sales growth and the remaining benefit of the products restructuring actions.  After factoring out the tax benefit that will not re-occur, the foreign currency headwinds, and the required pension changes, the mid-point of earnings range for fiscal 2016 contemplates approximately 20% growth in earnings compared with fiscal 2015. The company anticipates that capital expenditures will be in the range of $65 million to $70 million as the company continue to invest in new products, manufacturing efficiencies and technology update projects in fiscal 2016.

Briggs & Stratton Corporation Elects Jeffrey R. Hennion as Director

Briggs & Stratton Corporation announced that its Board of Directors has unanimously elected Jeffrey R. Hennion as a director of the company effective upon the conclusion of the board meeting held August 12, 2015. Mr. Hennion will serve as a member of the class of directors whose terms of office expire at the company's Annual Meeting of Shareholders in 2016. Mr. Hennion is the Executive Vice President, Chief Marketing and e-Commerce Officer of GNC Holdings Inc.

 

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BS7

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Price/Earnings 19.8x
Price/Sales 0.5x
Price/Book 1.5x
Price/Cash Flow 19.1x
TEV/Sales 0.3x
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