Outdoor Power Equipment

December 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 12 DECEMBER 2017 OUTDOOR POWER EQUIPMENT www.outdoorpowerequipment.com Index Price Price Percent 52-week 52-week Index Ticker 10/24/17 9/22/17 Change High Low Dow Jones Industrial Average DJII 23,441.76 22,349.59 4.9% 23,485.25 17,883.56 S&P 500 SPX 2,569.13 2,502.22 2.7% 2,578.29 2,083.79 Stock Price Price Percent Annual Annual Company Ticker 10/24/17 9/22/17 Change High Low Briggs & Stratton Corporation BGG $24.23 $22.69 6.8% $25.92 $17.90 Caterpillar CAT $138.24 $124.43 11.1% $140.44 $80.33 Deere & Company DE $131.02 $123.75 5.9% $132.50 $85.62 Douglas Dynamics, Inc. PLOW $41.95 $38.05 10.2% $42.25 $25.23 Honda Motor Co. Ltd. HMC $30.74 $29.91 2.8% $32.17 $27.05 Polaris Industries PII $123.18 $107.38 14.7% $126.85 $73.98 Terex TEX $46.89 $42.96 9.1% $47.28 $21.88 Textron, Inc. TXT $54.42 $53.09 2.5% $55.80 $38.79 The Toro Company TTC $63.04 $61.62 2.3% $73.86 $46.31 US INDEXES OF INTEREST OUTDOOR POWER EQUIPMENT COMPONENTS Source: FactSet, Wells Fargo Securities, LLC Briggs & Stratton to move Vanguard V-Twin production from Japan to U.S. B riggs & Stratton Corporation announced October 30 that it will move production of its Vanguard V-Twin engines from a joint venture partnership in Japan to its existing manufacturing facilities in Statesboro, Ga., and Auburn, Ala. The increased production in North America will create approximately 50 new jobs at each of the facilities. "Moving production of the Vanguard Small and Big Block V-Twin engines to the U.S. is another step in the execution of our commercial growth strategy," said David J. Rodgers, Briggs & Stratton's senior vice president and president — global engines & power. "We see this as a strategic competitive advantage because we can manufacture closer to our customers in the U.S., resulting in faster production times and faster shipping. I'd like to thank Daihatsu Motor Company for being a great partner for the past 30 years and for their continued commitment to assisting with a smooth transition." Briggs & Stratton has worked closely with state officials in Alabama and Georgia, as well as county and local officials in Auburn and Statesboro, to ensure a collaborative transition, and the company is grateful for the economic, employee development and training support made available from these communities. "I would like to extend our thanks to both the Alabama Department of Commerce and the Georgia Department of Economic Development for their overwhelming support, which has helped enable us to be competitive here in the U.S., and strengthen our communities by providing good paying jobs and training programs," added Rodgers. "Briggs & Stratton is a valuable, longtime member of Alabama's business community, and the company's decision to expand its product manufacturing in Auburn is a testament to the strong partnership we have developed together over the years," said Alabama Governor Kay Ivey. "I'm committed to creating an ideal environment for commerce and letting the world know that Alabama is open for business." "We're proud that an industry leader like Briggs & Stratton has chosen to expand its facility and employment roster here," said Georgia Governor Nathan Deal. "With this expansion, Briggs & Stratton will continue to grow its presence throughout the Southeast, while creating meaningful opportunities in Bulloch County. We look forward to continuing this relationship with Briggs & Stratton for years to come." Production of the Vanguard V-Twin engines in Briggs & Stratton's U.S. plants is expected to be phased in beginning in the middle of 2018 through the middle of 2019. FINANCIAL NEWS

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