Briggs & Stratton Corp. today reported second quarter net income of $5.4 million, or 11 cents per share, which was up from a loss of $4.4 million, or 9 cents per share, in the same period a year ago.
The Milwaukee-based lawn mower engine manufacturer's quarterly net sales grew to $478.8 million from $423.1 million.
In its filing with the U.S. Securities & Exchange Commission, the company stated, "Improved margins from increased sales were offset by costs incurred in the startup of new production in facilities for power products as well as the impact of costs incurred to close an engine facility. In addition, fixed costs were higher in the second quarter due to lower production levels that resulted from our plan to produce closer to the retail season."
Briggs bounces back with strong quarter
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