Briggs & Stratton (BGG) Misses Q4 EPS by 8c; Guides FY17 EPS
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Briggs & Stratton (NYSE: BGG) reported Q4 EPS of $0.46, $0.08 worse than the analyst estimate of $0.54. Revenue for the quarter came in at $502 million versus the consensus estimate of $562.33 million.
Briggs & Stratton sees FY2017 EPS of $1.26-$1.41, versus the consensus of $1.34. EPS outlook includes $0.11 to $0.14 per share relating to additional investments to upgrade our ERP system and our commercial mowing capacity expansion. Also, includes additional pension expense and negative foreign currency for a combined impact of $0.09 per share as well as a higher income tax expense of approximately $0.08 per share as the income tax rate returns to normal levels.
For earnings history and earnings-related data on Briggs & Stratton (BGG) click here.
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