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Article: BRIGGS & STRATTON CORPORATION REPORTS RESULTS FOR THE FIRST QUARTER OF FISCAL 1995
- Article from:
- PR Newswire
- Article date:
- October 19, 1994
CopyrightCOPYRIGHT 1994 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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MILWAUKEE, Oct. 19 /PRNewswire/ -- Briggs & Stratton Corporation (NYSE: BGG):
First quarter operations were significantly more profitable this year than last year. Operating income more than doubled, primarily because of increased sales and higher production. The strength in demand for engines that developed last year continued through the summer. Engine unit shipments increased 12%. In addition, anticipating that this strength will endure, we produced more engines that will be shipped to customers later in the year. Lock unit shipments were strong as well, increasing 22%. Net sales increased 15% to $228 million.
During the quarter we selected Auburn, Alabama ...