Briggs & Stratton (BGG) Tops Q1 EPS by 7c
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Briggs & Stratton Corporation Reports Fiscal 2018 First Quarter Results
October 25, 2017 4:25 PM EDTMILWAUKEE, Oct. 25, 2017 /PRNewswire/ --Â Briggs & Stratton Corporation (NYSE: BGG) today announced financial results for its first fiscal quarter ended October 1, 2017.
Fiscal first quarter net sales were $329 million, an increase of $42 million, or 14.7%, from $287 million for the prior year, due to both higher shipments of generators related to hurricane activity and continued favorable momentum in sales of engines and products designed for commercial markets. Quarterly gross profit margin of 20.1% (GAAP) and adjusted gross profit margin of 20.5% increased from a gross profit margin of 18.3% last year primarily from the... More