Industry News

Husqvarna Reports Adjusted Net Sales Up 3% in 2Q20

Net sales grew by 3% when adjusting for Consumer Brands exits and changes in exchange rates. The company achieved growth in key categories such as watering, robotics & battery, handheld products and aftermarket & accessories. Husqvarna Division's adjusted net sales decreased by 2% in the quarter, but showed strong growth in June.
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Briggs & Stratton Receives Credit Agreement Extension

Briggs & Stratton’s 30-day grace period on a $6.7 million interest payment expired on July 15, 2020, however the company has received a 4-day extension on its revolving credit agreement according to an 8-K filing with the U.S. Securities and Exchange Commission.
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Kioti Covid donation

Kioti Tractor Donates 10,000 N-95 Masks and K9 UTV to UNC REX Healthcare

Alongside a dedication to its dealers and customers, Kioti Tractor, is committed to the health and wellbeing of the communities in which it serves. To assist healthcare workers on the frontlines of the coronavirus pandemic, the company donated 10,000 N-95 masks as well as a K9 2440 utility vehicle to UNC REX Healthcare, located near Kioti’s U.S. headquarters in North Carolina.
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