Briggs & Stratton Q2 EPS and Revenue Beats Expectations

For the second quarter ended Jan 1, Briggs & Stratton reported non-GAAP earnings of $0.35 per share, beating the Capital IQ consensus estimate of $0.28 per share, and up a penny from last year. Total revenue increased from $413.4 million to $428.2 million, beating the estimated $416.3 million.

For fiscal year 2017, the company expects revenue to be within the range of $1.86 billion to $1.90 billion, unchanged from previous guidance and above Wall Street estimates of $1.85 billion. Earnings should be within the range of $1.31 to $1.46 per diluted share compared to the estimated $1.36 per share.

Additionally, operating margins are expected to be approximately 5.5% to 5.8% while capital expenditures are expected to be $70 million to $80 million.

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