Briggs & Stratton sees FY10 EPS 80c-$1.01 vs. consensus of 93c
Consolidated net sales are projected to be lower between years primarily due to the absence of hurricane related sales of portable generators and selected price reductions to reflect projected lower commodity costs. Production levels for substantially all products are planned to be lower in FY10 to decrease our investment in working capital. Operating income margins are projected to be in the range of 4.0% to 5.0%, and interest expense and other income are forecasted at $27M and $5M, respectively. The effective tax rate for the full year is projected to be in a range of 31% to 34%. :theflyonthewall.com
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