Home
Global Supplier Directory
APPLIANCE Engineer
Supplier Solutions
APPLIANCE Line
Whitepaper Library
Calendar of Events
Association Locator
Contents Pages
Market Research
Subscription Center


 
Daily News

Briggs & Stratton profit up, raises forecast
Apr 21, 2003
 Printable format
 Email this Article
 Search
Briggs & Stratton Corp., a maker of gasoline engines for lawn and garden equipment, said quarterly profit rose 14 percent and raised its full-year earnings forecast on signs of solid consumer demand for the spring season. Engine-powered outdoor equipment is meeting original retail sales projections for spring thanks to plentiful rainfall in major markets, Briggs & Stratton said. The Milwaukee, WI, U.S.-based company boosted its profit outlook for all of 2003 to a range of U.S. $74 million to $76 million from the $72 million it projected in January after determining it would receive a lower effective tax rate. Sales for the year are expected to rise 4 percent, with gross profit margins projected at about 19.6 percent, it said. Net income for the fiscal third quarter, ended last month, rose to $43.0 million, or $1.81 a share, from $37.6 million, or $1.58 a share, a year earlier. Sales increased to $560.4 million from $516.8 million. In January, the company stood by its forecast for 2003 net income of about $72 million on sales growth of 4 percent. (Reuters)

Back to Daily News

 

Daily News

...........................................................

Sep 19, 2014: Builder confidence at highest level since Nov. 2005

Sep 19, 2014: Builders Show, Kitchen/Bath Show, and 3 other events converge for 2015 Design & Construction Week

Sep 19, 2014: GE Appliances supporting Susan G. Komen

Sep 18, 2014: AHRI at White House unveils $5 billion refrigerant R&D plan

Sep 18, 2014: Solar microinverter market could break $1 billion by 2018

More Daily News>>

RSS Feeds
.........................................................
Appliance Industry
Market Research

...........................................................

March 2014: Market Research - 62nd Annual U.S. Appliance Industry Forecast
February 2014: Appliance Magazine Market Insight: December 2013
January 2014: Market Research - Appliance Historical Statistical Review: 1954-2012
January 2014: Appliance Magazine Market Insight: November 2013




 
Contact Us | About Us | Subscriptions | Advertising | Home
UBM Canon © 2014  

Please visit these other UBM Canon sites

UBM Canon Corporate | Design News | Test & Measurement World | Packaging Digest | EDN | Qmed | Plastics Today | Powder Bulk Solids | Canon Trade Shows