The Ferris 500S is designed to fill a need for those landscape professionals looking for a feature-packed zero turn that not only delivers the efficiency and performance that Ferris is famous for but does so at a great value.
In response to the spread of COVID-19, uncertain economic conditions resulting in reduced demand and potential constraints on its supply chain, the company is reducing manufacturing activity at several of its manufacturing facilities and has temporarily shut down others.
Priority is being placed on divesting the turf products business headquartered in the U.S. and the pressure washer and portable generator product lines. This includes the premier lawn and garden and turf care equipment sold under the Ferris, Billy Goat, Simplicity, Snapper, and Snapper Pro brands.
The company plans to consolidate production of its small vertical-shaft engines into its Poplar Bluff, Mo., facility. This consolidation will result in the closure of the company's Murray, Ky., facility by the fall of 2020.
“Our outlook for fiscal 2019 remains intact despite a slower start to the year than we had anticipated,” stated Todd J. Teske, chairman, president and chief executive officer.
Continued high growth in commercial turf and lawn care, commercial job site, commercial engines and generators was offset by year-over-year softness in residential lawn and garden sales.
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