Briggs & Stratton Corporation and the American Red Cross today announced that Briggs & Stratton will deliver nearly $1 million of donated generators and pressure washers to 183 American Red Cross chapters nationwide, allowing areas prone to hurricanes, tornadoes and other severe weather to be ready for recovery efforts before disasters hit.
Beginning in fiscal 2013, the Company will no longer pursue placement of lawn and garden products at national mass retailers. The Engines segment will continue to support lawn and garden equipment OEMs who provide lawn and garden equipment to these retailers.
Still challenged by the economy, Briggs & Stratton Corp. on Thursday reported a smaller quarterly loss and raised its 2012 earnings and revenue forecasts.
Standard & Poor's Ratings Services has raised its outlook on Briggs & Stratton Corp. (BGG) to positive, citing the small-engine producer's strong cash-flow generation and continued efforts to reduce debt.
Briggs & Stratton Corp. workers will lose ground financially under a newly approved labor contract despite a signing bonus and 2% annual raises for the next three years, the head of the union representing the employees said Friday.
Todd Teske was elected chairman of Briggs & Stratton Corp. on Aug. 11, and he will become chairman at the conclusion of the company's annual meeting in October and will remain president and CEO.
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