Outdoor Power Equipment

August 2017

Proudly serving the industry for which it was named for more than 50 years, Outdoor Power Equipment provides dealers who sell and service outdoor power equipment with valuable information to succeed in a competitive market.

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INDUSTRY NEWS www.outdoorpowerequipment.com OUTDOOR POWER EQUIPMENT AUGUST 2017 19 Index Price Price Percent 52-week 52-week Index Ticker 6/26/17 5/25/17 Change High Low Dow Jones Industrial Average DJII 21,420.40 21,082.95 1.6% 21,535.03 17,063.08 S&P 500 SPX 2,441.31 2,415.07 1.1% 2,453.82 1,991.68 Stock Price Price Percent Annual Annual Company Ticker 6/26/17 5/25/17 Change High Low Briggs & Stratton Corporation BGG $23.73 $23.72 0.0% $25.92 $17.90 Caterpillar CAT $104.01 $105.02 -1.0% $108.18 $70.53 Deere & Company DE $122.84 $122.43 0.3% $128.37 $76.73 Douglas Dynamics, Inc. PLOW $31.60 $29.25 8.0% $35.90 $23.37 Honda Motor Co. Ltd. HMC $27.71 $27.65 0.2% $32.17 $24.03 Polaris Industries PII $91.40 $84.86 7.7% $99.00 $70.14 Terex TEX $35.37 $32.81 7.8% $37.53 $18.91 Textron, Inc. TXT $45.87 $48.17 -4.8% $50.93 $34.00 The Toro Company TTC $70.43 $66.46 6.0% $73.00 $41.49 US INDEXES OF INTEREST OUTDOOR POWER EQUIPMENT COMPONENTS Source: FactSet, Wells Fargo Securities, LLC FINANCIAL NEWS K awasaki Engines, a division of Kawasaki Motors Corp., U.S.A., recently hired a new director of research and development (R&D) and announced several promotions. The Grand Rapids, Mich.-based division hired Dave Sugden as director of R&D, as well as promoted Troy Smith from applications engineering supervisor to manager of R&D testing, applications and EFI; J.J. Zeilstra from manager of government relations to manager of new development and government relations; and Matt Ulmenstine from applications engineer to applications engineering supervisor. "These personnel moves put Kawasaki in the best position to continue to meet our growth objectives, and they signal the company's continued interest in maintaining both internal cohesion and coordinated integration with our OEM customers," said Nelson Wilner, who was also recently promoted from executive director to vice president, Kawasaki Engines. "We are taking full advantage of our new facility capabilities and have been expanding development activities and growing our staff to be well positioned for anticipating OEM needs. In essence, we've supercharged our efforts as we plan for both the near- and long-term requirements." An industry veteran, Sugden possesses 27 years of product development experience, most recently as director of product design and improvement at Scag Power Equipment. He will manage the growing R&D function at Kawasaki that has recently seen its staffing increase significantly, with new additions in technology, calibration, electrical and testing, as well as supporting administrative personnel. Sugden has a wide range of pertinent experience, including involvement in the establishment of testing methods and procedures, oversight of compliance with ANSI standards and CPSC regulations, and involvement with various manufacturing methods. He has also designed an R&D facility and holds 15 patents. His past work with suppliers and partners, as well as his distribution and sales channel exposure provide an ideal fit for Kawasaki's unified teamwork approach. The promotions of Smith and Zeilstra further enhance the group's management team. Smith's role will focus on guidance and technical direction for a team consisting of applications engineers, testing technicians, calibration engineers, and an EFI supervisor. Zeilstra will oversee the design engineers and design technicians, electrical engineers, and a government relations specialist. The combined Kawasaki experience of the two new managers ensures a smooth transition as the company broadens its R&D capabilities. Kawasaki Engines announces personnel moves

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