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

27 Aug 19
19 Oct 19
3 Jul 20

News

Company financial data Financial data

Quarter (USD) Jun 19 Mar 19 Dec 18 Sep 18
Revenue 471.95M 580.2M 505.46M 279M
Net income -18.54M 8.01M -2.6M -40.99M
Diluted EPS -0.45 0.19 -0.07 -0.98
Net profit margin -3.93% 1.38% -0.52% -14.69%
Operating income -10.66M 17.26M 8.34M -54.13M
Net change in cash 5.71M -10.09M 4.94M -15.91M
Cash on hand 29.57M 23.86M 33.95M 29.01M
Cost of revenue 483.21M 413.01M 235.24M
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 -15.35M -16.78M -28.13M -28.55M
Cash on hand 29.57M 44.92M 61.71M 89.84M
Cost of revenue 1.54B 1.48B 1.4B 1.44B

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 twelve months of fiscal 2019, business optimization expenses include $3.2 million ($2.5 million after tax) of non-cash charges related to accelerated depreciation, and $41.9 million ($32.1 million after tax) of cash charges related primarily to activities associated with the upgrade to the Company's ERP system, professional services, employee termination benefits, and plant rearrangement activities. The Company recognized bad debt expense of $4.1 million ($3.1 million after tax) after a major retailer announced that it had filed for bankruptcy protection. The Company recognized $2.0 million ($1.5 million after tax) for amounts accrued related to a litigation settlement and $0.6 million ($0.4 million after tax) related to acquisition integration activities. Interest expense includes $0.2 million ($0.2 million after tax) for premiums paid to repurchase senior notes. Other income includes a $0.5 million ($0.3 million after tax) pension settlement charge. Tax expense includes a $1.0 million charge associated with the Tax Cuts and Jobs Act of 2017 to record the impact of the inclusion of foreign earnings.
Content analysis ?
Positive
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Uncertain
Constraining
Legalese
Litigous
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