Company profile

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

BGGSQ stock data

(
)

Calendar

8 May 20
8 Aug 20
28 Jun 21

News

Company financial data Financial data

Quarter (USD) Mar 20 Dec 19 Sep 19 Jun 19
Revenue 473.54M 437.94M 313.72M 471.95M
Net income -144.61M -15.34M -33.64M -18.54M
Diluted EPS -3.47 -0.37 -0.81 -0.45
Net profit margin -30.54% -3.50% -10.72% -3.93%
Operating income -81.66M -10.15M -34.23M -10.66M
Net change in cash 2.18M -6.51M 19.17M 5.71M
Cash on hand 44.41M 42.23M 48.74M 29.57M
Cost of revenue 410.07M 369.92M 270.47M 404.13M
Annual (USD) Jun 19 Jul 18 Jul 17 Jul 16
Revenue 1.84B 1.88B 1.79B 465.12M
Net income -54.08M -11.32M 56.65M 26.56M
Diluted EPS -1.31 -0.28 1.31 0.6
Net profit margin -2.94% -0.60% 3.17% 5.71%
Operating income -39.2M 32.11M 94.82M 46.36M
Net change in cash -19.65M -12.49M -28.13M -28.55M
Cash on hand 29.57M 49.22M 61.71M 89.84M
Cost of revenue 1.54B 1.48B 1.4B 1.44B

Financial data from company earnings reports

Date Owner Security Transaction Code 10b5-1 $Price #Shares $Value #Remaining
20 Mar 20 Kampling Patricia L Deferred Stock Common Stock Grant Aquire A No 2.47 11,639 28.75K 73,168.998
19 Dec 19 Jaehnert Frank M Deferred Stock Common Stock Grant Aquire A No 5.57 4,488 25K 57,379.499
20 Sep 19 Jaehnert Frank M Deferred Stock Common Stock Grant Aquire A No 6.16 4,058.442 25K 52,891.499
12 Sep 19 Jeffrey Michael Zeiler Common Stock Buy Aquire P No 6.31 15,112 95.36K 15,112
4 Sep 19 Jeffrey Michael Zeiler Common Stock Buy Aquire P No 4.728 2,614 12.36K 90,195
3 Sep 19 Jeffrey Michael Zeiler Common Stock Buy Aquire P No 4.245 43,000 182.54K 87,581
84.7% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 135 156 -13.5%
Opened positions 20 20
Closed positions 41 29 +41.4%
Increased positions 40 55 -27.3%
Reduced positions 43 46 -6.5%
13F shares
Current Prev Q Change
Total value 186.13M 689.93M -73.0%
Total shares 35.96M 37.73M -4.7%
Total puts 167K 114.6K +45.7%
Total calls 65.2K 179.8K -63.7%
Total put/call ratio 2.6 0.6 +301.9%
Largest owners
Shares Value Change
BLK BlackRock 6.8M $12.31M -1.2%
Brandes Investment Partners 3.97M $7.19M -7.4%
Dimensional Fund Advisors 2.98M $5.4M -5.4%
Vanguard 2.31M $4.18M -8.0%
GMT Capital 2.29M $4.15M NEW
STT State Street 1.56M $2.83M +21.1%
Charles Schwab Investment Management 1.53M $2.77M +43.1%
Capital World Investors 1.08M $1.95M -2.1%
IVZ Invesco 1.07M $1.94M +37.9%
Jacobs Levy Equity Management 1.02M $1.86M -6.2%
Largest transactions
Shares Bought/sold Change
GMT Capital 2.29M +2.29M NEW
D. E. Shaw & Co. 0 -704.17K EXIT
Kensico Capital Management 0 -675K EXIT
Arrowstreet Capital, Limited Partnership 0 -648.74K EXIT
Two Sigma Investments 225.6K -550.66K -70.9%
Charles Schwab Investment Management 1.53M +460.54K +43.1%
MS Morgan Stanley 958.12K -412.18K -30.1%
NTRS Northern Trust 544.93K -338.79K -38.3%
Brandes Investment Partners 3.97M -319.6K -7.4%
IVZ Invesco 1.07M +293.8K +37.9%

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 third quarter of fiscal 2020, engine manufacturing consolidation charges include $4.0 million ($1.0 million after tax) of cash charges and $2.2 million ($0.6 million after tax) of non-cash charges related to the closure of the engine plant in Murray, Kentucky. Business optimization expenses include $2.8 million ($0.7 million after tax) of cash charges and $0.9 million ($0.2 million after tax) to the warehouse optimization program and the plan to onshore Commercial engine production. Goodwill Impairment charges include $67.5 million ($67.5 million after tax) of non-cash impairment charges related to the impairment of Job Site and Engines goodwill. Gross profit includes $1.7 million ($0.4 million after tax) related to the settlement of a product liability matter. ESG&A includes $1.3 million ($0.3 million after tax) related to business realignment. Tax expense includes a $70.3. million charge to record a valuation allowance against deferred tax assets and a $7.5 million benefit as a result of the Coronavirus Aid and Relief and Economic Security Act (CARES Act).
Content analysis ?
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