Banking & Finance

Briggs & Stratton posts lower earnings on restructuring charges

Wauwatosa-based Briggs & Stratton Corp. reported fiscal third quarter net income of $33.9 million, or 75 cents per share, down from $39.2 million, or 82 cents per share, in the third quarter of 2014.

Associated Bank buys mortgages from Habitat for Humanity

Associated Bank has purchased about $2 million in residential mortgages from Milwaukee Habitat for Humanity in one of the largest one-time mortgage sales in the chapter’s history.

A.O. Smith reports strong profit ahead of efficiency mandate

Milwaukee-based A.O. Smith Corp. today announced first quarter net income of $58.4 million, or 65 cents per share, up from $46.7 million, or 51 cents per share, in the first quarter of 2014.

Strattec posts higher 3Q profit despite automaker headwinds

Milwaukee-based Strattec Security Corp. today reported fiscal third quarter net income of $5.4 million, or $1.20 per share, up from $4.2 million, or $1 per share, in the third quarter of 2014.

Snap-on reports higher 1Q profit

Kenosha-based Snap-on Inc. today reported first quarter net income of $113.2 million, or $1.87 per share, up from $98.2 million, or $1.62 per share, in the first quarter of 2014.

Johnson Controls reports lower revenue on strong dollar

Glendale-based Johnson Controls Inc. today reported fiscal second quarter net income of $557 million, or 80 cents per share, up from $293 million, or 39 cents per share, in the second quarter of 2014.
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Badger Meter profit falls in 1Q

Brown Deer-based Badger Meter Inc. reported first quarter net income of $4.2 million, or 29 cents per share, down from $4.6 million, or 32 cents per share, in the first quarter of 2014.

Sensient recovers from loss

Milwaukee-based flavor and fragrance manufacturer Sensient Technologies Corp. today reported first quarter net income of $30.5 million, or 64 cents per share, compared with a net loss of $2.1 million, or 4 cents lost per share, in the first quarter of 2014.

ManpowerGroup profit impacted by strong dollar

Milwaukee-based ManpowerGroup Inc. today reported first quarter net income of $65.7 million, or 83 cents per share, down from $70.1 million, or 88 cents per share, in the first quarter of 2014.

Harley tempers forecast on lower sales

Milwaukee-based Harley-Davidson Inc. today reported that motorcycle sales declined 1.3 percent year-over year during the first quarter, which Harley attributed in the U.S. to increased, aggressive pricing of motorcycles by competitors.

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