Briggs & Stratton achieves pre-tax savings i Q4 of $8.3M
The Company continues to make progress towards moving horizontal engine manufacturing from its Auburn, Alabama plant to China. As noted previously, pre-tax restructuring costs for the fourth quarter and fiscal 2013 were $3.8 million and $22.2 million, respectively. Pre-tax restructuring costs for fiscal 2014 are estimated to be $4 million to $8 million. Incremental restructuring savings are expected to be $3 million to $5 million.
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