Briggs & Stratton (BGG) Misses Q4 EPS by 8c; Guides FY17 EPS
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Briggs & Stratton Corporation Reports Fourth Quarter Results
August 17, 2016 4:34 PM EDTMILWAUKEE, Aug. 17, 2016 /PRNewswire/ -- Briggs & Stratton Corporation (NYSE: BGG) today announced financial results for its fourth fiscal quarter ended July 3, 2016.
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Fourth quarter net sales were $502 million. Net sales decreased $32 million or 6.0% before currency impacts due to cooler than normal spring weather in North America and Europe. Fourth quarter net income was $5.3 million; adjusted net income was $20.1 million. Fourth quarter diluted earnings per share was $0.12; adjusted diluted earnings per share was $0.46. Fiscal 2016... More