Briggs & Stratton Corporation announced consolidated earnings results for the second quarter and half year ended December 30, 2018. For the quarter, the company's net sales were $505,462,000 against $446,436,000 a year ago. Net loss was $2,604,000 against $16,344,000 a year ago. Basic and diluted loss per share was $0.07 against $0.39 a year ago. Income from operations was $8,335,000 against $17,389,000 a year ago.

For the six months period, the company's net sales were $784,459,000 against $775,531,000 a year ago. Net loss was $43,591,000 against $31,383,000 a year ago. Basic and diluted loss per share was $1.05 against $0.75 a year ago. Loss from operations was $45,797,000 against profit of $795,000 a year ago.

The company revised earnings guidance for the year 2019. For the period, net sales are now expected to be in a range of $1.90 billion to $1.96 billion, previously $1.95 billion to $2.01 billion, a $50 million reduction. Net income is now expected to be in a range of $47 million to $55 million or $1.10 to $1.30 per diluted share against net income of $60 million to $68 million or $1.40 to $1.60 per diluted share as previously expected. The reduction is due to the company's expectation of lower sales and manufacturing volumes, partially offset by spending reductions. The outlook is prior to the impact of costs related to the company's business optimization program and other charges incurred to date or the benefit of share repurchases.