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Article: BRIGGS & STRATTON CORPORATION REPORTS RESULTS FOR THE THIRD QUARTER AND FIRST NINE MONTHS OF FISCAL 1995
- Article from:
- PR Newswire
- Article date:
- April 19, 1995
CopyrightCOPYRIGHT 1995 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, April 19 /PRNewswire/ -- Briggs & Stratton Corporation (NYSE: BGG):
Net income for the third fiscal quarter was $47 million or $1.64 per share compared with $36 million or $1.23 for last year's third quarter, a 33% increase. Sales were 17% higher. Engine unit shipments increased 16% as outdoor power equipment manufacturers built inventory for the spring selling season. Lock unit shipments declined because our lock business, renamed Strattec Security Corporation, was spun off to shareholders on February 27. Results for this year's third quarter include just two months of Strattec sales and earnings.
Net income for the first nine months of fiscal ...