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BRIGGS & STRATTON CORP

No Longer Reporting

The company has not filed an annual or quarterly report since its Q3 FY2020 10-Q, filed May 8, 2020. Its latest SEC filing is a 15-12B from Jan 22, 2021.

The sections below describe the company as of the FY2019 annual report.

What Did They Do?

Makes gasoline engines for outdoor power equipment and sells generators, lawn and garden equipment, turf-care and job-site products to equipment makers, retailers, dealers and rental businesses.

How Did They Make Money?

FY2019 revenue

Who Were Their Customers?

Engine customers, mainly equipment makers, buy directly through the company's sales force; replacement engines and service parts go to distributors, which supply service dealers. The company sells outdoor equipment through retailers, dealers and distributors, and job-site products mainly through rental channels.

Did Revenues Turn Into Profits?

No. It lost $54.1M in FY2019.

Operating income, FY2019
−2% of revenue
▼ Now a loss vs FY2018 ($32.1M, 2%)
Net income, FY2019
−3% of revenue
▲ +378% (Loss) vs FY2018 (−$11.3M, −1%)
Free cash flow, FY2019
−5% of revenue
▲ +738% (Loss) vs FY2018 (−$10.5M, −1%)

How Were They Changing?

Since the FY2019 annual report
Latest quarter: Q3 FY2020, the three months to Mar 29, 2020
Revenue
▼ −18%
vs $580.2M in Q3 FY2019
Net income
▼ Now a loss
vs $8M in Q3 FY2019
  • Jan 6, 2021 Chapter 11 plan took effect; existing shares were canceled The plan administrator will oversee remaining asset sales, wind-down, dissolution, liquidation or distribution.
  • Sep 21, 2020 Company sold substantially all assets and transferred its business The company expected no sale proceeds to reach shareholders.

Grew. Revenue grew 3.7x in 4 years, from $494.5M in FY2015 to $1.8B in FY2019, about 39% a year.

Who Did They Compete With?

Competes with Honda, Kawasaki, Kohler, Generac Power Systems, Alfred Karcher, Techtronic Industries, Deere &, MTD, The Toro, Metalcraft of Mayville, and HOP

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