Briggs & Stratton Corporation announced consolidated earnings results for the third quarter and nine months ended March 31, 2019. For the quarter, the company reported net income of $8,005,000 compared to $31,888,000 for the same period last year. Income from operations was $17,261,000 compared to $50,830,000 for the same period last year. Net Sales were $580,196,000 against $604,069,000 for the same period last year. Basic earnings per share was $0.19 compared to $0.74 for the same period last year.

For the nine months, the company reported net loss of $35,543,000 compared to net income of $504,000 for the same period last year. Loss from operations was $28,534,000 compared to income from operations of $50,537,000 for the same period last year. Net Sales were $1,364,655,000 against $1,379,599,000 for the same period last year. Basic loss per share was $0.86.

For the fiscal year 2019, the company's net sales are now expected to be in a range of $1.86 billion to $1.91 billion (previously $1.90 billion to $1.96 billion), a $40 million reduction. Net income is now expected to be in a range of $19 million to $23 million (previously $47 million to $55 million), or $0.45 to $0.55 per diluted share (previously $1.10 to $1.30 per diluted share), before the impact of charges.

For the fiscal year 2020, the company's net sales estimates assumes normal growing conditions for the remainder of 2019 season and the 2020 season globally. Diluted earnings per share to be in a range of $1.20 to $1.40 per share.