Company reports 15% growth in sales on both storm-related benefit and continued strength in commercial engines and products. Briggs & Stratton will hold its first Investor Day on Nov. 1 in New York City.
Running on gas or diesel and ranging from lawn mower to moving-truck size, the generators are the only option for the roughly 90% of the island that has no access to the decimated grid.
Wisconsin is home to one of the largest concentrations of generator manufacturers in the United States, including Generac in Waukesha, Kohler in Kohler and Briggs & Stratton in Wauwatosa. In addition, German manufacturer Wacker-Neuson makes generators and pumps in Menomonee Falls.
Generac's recent acquisitions of firms in Germany, Italy and Mexico helped sales increase last quarter 16%. The facility improvements are expected to help Generac make prototypes and tests products faster.
Second quarter net sales were $428 million, up $15 million or 3.6% compared to last year. The company expects the U.S. residential lawn and garden market to improve 1%- 4% including expected improvements in the housing market and seasonal spring weather in key markets.
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