Briggs & Stratton Q4 Net Income Rises - Quick Facts

(RTTNews) - Briggs & Stratton Corp. (BGG) reported fourth quarter net income of $20.1 million or $0.45 per share, compared to $7.8 million or $0.17 per share, prior year. Adjusted earnings per share was $0.51, for the quarter.

On average, three analysts polled by Thomson Reuters expected the company to report profit per share of $0.38 for the quarter. Analysts' estimates typically exclude special items.

Consolidated net sales were $539 million, an increase of 8.5% compared to the prior year. Net sales increased 10.4% before currency impacts. Analysts expected revenue of $533.90 million for the quarter.

For fiscal 2016, the company anticipates net sales to be in a range of $1.90 to $1.96 billion. Briggs & Stratton estimates fiscal 2016 net income to be in a range of $54 to $61 million or $1.20 to $1.36. Analysts expect the company to report earnings per share of $1.38 on revenue of $1.93 billion.