Company profile

Ticker
BGG
Exchange
CEO
Todd J. Teske
Employees
Incorporated in
Location
Fiscal year end
Industry (SEC)
SEC CIK
IRS number
390182330

BGG stock data

(
)
FINRA relative short interest over last month (20 trading days) ?

Calendar

4 Feb 20
30 Mar 20
28 Jun 20

News

Company financial data Financial data

Quarter (USD) Dec 19 Sep 19 Jun 19 Mar 19
Revenue 437.94M 313.72M 471.95M 580.2M
Net income -15.34M -33.64M -18.54M 8.01M
Diluted EPS -0.37 -0.81 -0.45 0.19
Net profit margin -3.50% -10.72% -3.93% 1.38%
Operating income -10.15M -34.23M -10.66M 17.26M
Net change in cash -6.51M 19.17M 5.71M -10.09M
Cash on hand 42.23M 48.74M 29.57M 23.86M
Cost of revenue 369.92M 270.47M 483.21M

Financial data from company earnings reports

Date Owner Security Transaction Code $Price #Shares $Value #Remaining
20 Mar 20 Kampling Patricia L Deferred Stock Common Stock Grant Aquire A 2.47 11,639 28.75K 73,168.998
19 Dec 19 Frank M Jaehnert Deferred Stock Common Stock Grant Aquire A 5.57 4,488 25K 57,379.499
20 Sep 19 Frank M Jaehnert Deferred Stock Common Stock Grant Aquire A 6.16 4,058.442 25K 52,891.499
12 Sep 19 Jeffrey Michael Zeiler Common Stock Buy Aquire P 6.31 15,112 95.36K 15,112
4 Sep 19 Jeffrey Michael Zeiler Common Stock Buy Aquire P 4.728 2,614 12.36K 90,195
3 Sep 19 Jeffrey Michael Zeiler Common Stock Buy Aquire P 4.245 43,000 182.54K 87,581
13F holders
Current Prev Q Change
Total holders 156 165 -5.5%
Opened positions 20 31 -35.5%
Closed positions 29 39 -25.6%
Increased positions 55 54 +1.9%
Reduced positions 46 42 +9.5%
13F shares
Current Prev Q Change
Total value 689.93M 571.46M +20.7%
Total shares 37.73M 36.4M +3.7%
Total puts 114.6K 22.8K +402.6%
Total calls 179.8K 110.3K +63.0%
Total put/call ratio 0.6 0.2 +208.3%
Largest owners
Shares Value Change
BLK BlackRock 6.89M $45.86M +3.2%
Brandes Investment Partners 4.29M $28.6M -1.4%
Dimensional Fund Advisors 3.15M $20.99M -5.7%
Vanguard 2.51M $16.72M -8.9%
MS^L Morgan Stanley 1.37M $9.13M +30.3%
STT State Street 1.29M $8.65M +3.8%
Capital World Investors 1.1M $7.33M -17.3%
Jacobs Levy Equity Management 1.09M $7.28M +206.8%
Charles Schwab Investment Management 1.07M $7.12M +19.3%
LSV Asset Management 1.05M $6.96M -39.9%
Largest transactions
Shares Bought/sold Change
Jacobs Levy Equity Management 1.09M +736.72K +206.8%
Millennium Management 39.42K -720.62K -94.8%
Peregrine Capital Management 0 -701.68K EXIT
LSV Asset Management 1.05M -695.17K -39.9%
Kensico Capital Management 675K +675K NEW
Arrowstreet Capital, Limited Partnership 648.74K +560.54K +635.5%
Renaissance Technologies 0 -393.3K EXIT
Two Sigma Investments 776.26K +351.89K +82.9%
MS^L Morgan Stanley 1.37M +318.62K +30.3%
Two Sigma Advisers 649.46K +317.3K +95.5%

Financial report summary

?
Risks
  • Demand for products fluctuates significantly due to seasonality. In addition, changes in the weather and consumer confidence impact demand.
  • We have only a limited ability to pass through cost increases in our raw materials to our customers during the year.
  • A significant portion of our net sales comes from major customers and the loss of any of these customers would negatively impact our financial results.
  • A significant change or disruption in the U.S. retail market for lawn and garden products could have an adverse impact on our business.
  • Changes in environmental, tax, health care or other laws and regulations could require extensive changes in our operations or to our products.
  • Our international operations are subject to risks and uncertainties, which could adversely affect our business or financial results.
  • Actions of our competitors could reduce our sales or profits.
  • We are restricted by the terms of the outstanding Senior Notes and our other debt, which could adversely affect us.
  • Our level of debt and our ability to obtain debt financing could adversely affect our operating flexibility and put us at a competitive disadvantage.
  • Disruptions caused by labor disputes or organized labor activities or an inability to acquire and retain skill sets needed could harm our business and reputation.
  • Worldwide economic conditions may adversely affect our industry, business and results of operations.
  • We have goodwill and intangible assets, which were written down in fiscal 2016 and in prior years. If we determine that goodwill and other intangible assets have become further impaired in the future, net income in such years would be adversely affected.
  • We are subject to litigation, including product liability, patent infringement, and warranty claims, that may adversely affect our business and results of operations.
  • Our pension and postretirement benefit plan obligations are currently underfunded, and we may have to make significant cash payments to some or all of these plans, which would reduce the cash available for our businesses.
  • Our dependence on, and the price of, raw materials may adversely affect our profits.
  • We may be adversely affected by health and safety laws and regulations.
  • The operations and success of our Company can be impacted by natural disasters, terrorism, acts of war, international conflict and political and governmental actions, which could harm our business.
  • We are subject to tax laws and regulations in many jurisdictions, and the inability to successfully defend claims from taxing authorities could adversely affect our operating results and financial position.
  • If we fail to remain current with changes in gasoline engine technology or if the technology becomes less important to customers in our markets due to the impact of alternative fuels or power sources, our results may be negatively affected. In addition, if we are unable to continue to enhance existing products, as well as develop and market new products, that respond to customer needs and preferences and achieve market acceptance, our results may be negatively impacted.
  • Through our Products segment, we compete with certain customers of our Engines segment, thereby creating inherent channel conflict that may impact the actions of engine manufacturers and OEMs with whom we compete.
  • The financial stability of our suppliers and the ability of our suppliers to produce quality materials could adversely affect our ability to obtain timely and cost-effective raw materials.
  • An inability to successfully manage information systems, or to adequately maintain these systems and their security, as well as to protect data and other confidential information, could adversely affect our business and reputation.
  • We have implemented, and Wisconsin law contains, anti-takeover provisions that may adversely affect the rights of holders of our common stock.
  • Our common stock is subject to substantial price and volume fluctuations.
Management Discussion
  • (1) For the second quarter of fiscal 2020, engine manufacturing consolidation charges include $3.5 million ($2.6 million after tax) of cash charges and $3.6 million ($2.7 million after tax) of non-cash charges related to the closure of the engine plant in Murray, Kentucky. Business optimization expenses include $1.1 million ($0.7 million after tax) of cash charges and $1.4 million ($1.1 million after tax) of non-cash charges related to the warehouse optimization program and the plan to onshore Commercial engine production.
  • (2)  For the second quarter of fiscal 2019, business optimization expenses include $0.7 million ($0.6 million after tax) of non-cash charges related to accelerated depreciation, and $10.0 million ($9.0 million after tax) of cash charges related primarily to activities associated with the Company's Q1 FY19 ERP go-live, professional services, employee termination benefits, and plant rearrangement activities. Interest expense includes $0.2 million ($0.2 million after tax) related to the early repurchase of bonds. The Company recognized $0.2 million ($0.1 million after tax) related to acquisition integration activities. Tax expense includes a $1.1 million charge associated with the Tax Cuts and Jobs Act of 2017 to record the impact of the inclusion of foreign earnings.
  • (3) Adjusted financial results are non-GAAP financial measures. The Company believes this information is meaningful to investors as it isolates the impact that business optimization charges, engine manufacturing consolidation charges, and certain other items have on reported financial results and facilitates comparisons between peer companies. The Company may utilize non-GAAP financial measures as a guide in the forecasting, budgeting, and long-term planning process. While the Company believes that adjusted financial results are useful supplemental information, such adjusted financial results are not intended to replace its GAAP financial results and should be read in conjunction with those GAAP results.
Content analysis ?
Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. sophomore Avg
New words: ago, annum, assistance, avoid, await, back, bear, cap, constructive, devoted, dividend, earlier, effort, event, fee, finalizing, firmly, flat, flexibility, half, joint, onshore, Poplar, ramp, recent, refill, revert, sharp, softer, spending, suspended, sustained, threshold, venture
Removed: Australia, research, tariff