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

(
)

Calendar

5 Nov 19
10 Dec 19
28 Jun 20

News

Company financial data Financial data

Quarter (USD) Sep 19 Jun 19 Mar 19 Dec 18
Revenue 313.72M 471.95M 580.2M 505.46M
Net income -33.64M -18.54M 8.01M -2.6M
Diluted EPS -0.81 -0.45 0.19 -0.07
Net profit margin -10.72% -3.93% 1.38% -0.52%
Operating income -34.23M -10.66M 17.26M 8.34M
Net change in cash 19.17M 5.71M -10.09M 2.59M
Cash on hand 48.74M 29.57M 23.86M 33.95M
Cost of revenue 270.47M 483.21M 413.01M
Annual (USD) Jun 19 Jun 15
Revenue 1.84B 494.47M
Net income -54.08M 45.69M
Diluted EPS -1.31 1
Net profit margin -2.94% 9.24%
Operating income -39.2M 66.18M
Net change in cash -88.82M
Cash on hand 29.57M 118.39M
Cost of revenue 1.54B 1.51B

Financial data from company earnings reports

Financial report summary

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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 first quarter of fiscal 2020, engine manufacturing consolidation charges include $2,039 ($1,987 after tax) of cash charges and $2,788 ($2,717 after tax) of non-cash charges related to the closure of the engine plant in Murray, Kentucky. Business optimization expenses include $1,079 ($896 after tax) of cash charges and $519 ($431 million after tax) of non-cash charges related to the business optimization program.
  • (2)  For the first quarter of fiscal 2019, business optimization expenses include $763 ($598 after tax) of non-cash charges related to accelerated depreciation, and $19,168 ($14,598 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. The Company recognized bad debt expense of $4,132 ($3,199 after tax) after a major retailer announced that it had filed for bankruptcy protection. The Company recognized $2,000 ($1,529 after tax) for amounts accrued related to a litigation settlement charge and $65 ($50 after tax) related to acquisition integration activities.
  • (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 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. freshman Avg
New words: added, advance, altering, assembly, assuming, Bluff, borrowing, ceased, classification, closure, Codification, committed, comparison, comply, conclusion, construing, customary, deleverage, direct, duration, expedient, fall, footnote, guarantee, implicit, Kentucky, land, letter, Missouri, Modestly, Murray, notice, pacing, package, partly, Popular, predecessor, predominantly, prejudgment, priority, property, Publicly, refinanced, Relevant, reserved, residual, significantly, space, undiscounted, Victa, weighted
Removed: analyzed, apply, arising, assertion, Bulletin, code, complex, compliance, comprised, contingent, continue, core, creation, deduction, depict, designer, determine, disaggregate, employer, enacted, enactment, explain, extent, FDII, fulfill, GILTI, global, government, hurricane, impose, Improving, inclusion, incomplete, intangible, leaf, leverage, manufacturer, margin, matured, November, opportunity, percent, permanent, planned, preliminary, principle, prolonged, promised, pronouncement, proportionately, provisional, reconciling, record, removal, removed, repatriate, repatriation, require, resulted, SAB, satisfied, shown, statutory, timing, transfer, uncertainty, upgraded, withholding

Patents

APP
Utility
Engine with Low Mounted Cyclonic Air Filter Assembly
28 Nov 19
An internal combustion engine includes an engine block including a cylinder having a cylinder axis, a piston positioned within the cylinder and configured to reciprocate along the cylinder axis, a crankshaft configured to rotate about a crankshaft axis, an air-fuel mixing device configured to provide an air-fuel mixture to the cylinder, a cyclonic air filter positioned entirely below the air-fuel mixing device, and a duct coupling the cyclonic air filter to the air-fuel mixing device and configured to provide air filtered by the cyclonic air filter to the air-fuel mixing device.
APP
Utility
Electric Starter Battery for Large Engines
21 Nov 19
A starting circuit for providing electric power to a starter motor of an internal combustion engine of outdoor power equipment is shown and described.
GRANT
Design
Air filter
19 Nov 19
Inventors: Steven G. Gleixner, Robert S. Johnson
GRANT
Utility
Portable generator including carbon monoxide detector
12 Nov 19
A generator includes an engine, an air-fuel mixing device coupled to the engine, where the air-fuel mixing device is structured to receive air from an air intake and combine the air with fuel to create an air/fuel mixture, an exhaust outlet positioned on a first side of the generator and coupled to the engine, wherein the exhaust outlet is structured to emit exhaust gases from the engine, and a carbon monoxide (CO) sensor positioned on a second side of the generator opposite the exhaust outlet, where the CO sensor is structured to detect CO concentration near the generator.
APP
Utility
Electric Powerhead
7 Nov 19
An electric powerhead includes a housing including a mounting plate, wherein the mounting plate includes a shaft opening, multiple first openings arranged in a standard vertical shaft engine mounting pattern and multiple second openings arranged in a standard horizontal shaft engine mounting pattern, an electric motor positioned within the housing, wherein the electric motor includes an output shaft that extends through the shaft opening of the mounting plate and wherein the output shaft is configured to rotate about an axis of rotation, and a support configured to be removably attached to the housing, wherein with the support attached to the housing, the output shaft is arranged horizontally.