Briggs & Stratton Corporation reported unaudited consolidated earnings results for the second quarter and six months ended December 31, 2012. For the quarter, the company reported net sales of $439,066,000 against $447,947,000 a year ago. Income from operations was $4,278,000 against $588,000 a year ago. Income before income taxes was $1,129,000 against Loss before income taxes of $2,820,000 a year ago. Net loss was $635,000 against net income of $2,697,000 a year ago. Diluted loss per share was $0.02 against diluted earnings per share of $0.05 a year ago. Adjusted net income was $3,678,000 against $2,697,000 a year ago. Adjusted diluted earnings per share were $0.07 against $0.05 a year ago.

For the six months, the company reported net sales of $748,086,000 against $845,244,000 a year ago. Loss from operations was $17,540,000 against $1,035,000 a year ago. Loss before income taxes was $23,771,000 against $6,986,000 a year ago. Net loss was $17,162,000 against $2,523,000 a year ago. Diluted loss per share was $0.37 against $0.05 a year ago. Adjusted net loss was $9,518,000 against $2,523,000 a year ago. Adjusted diluted loss per share was $0.21 against adjusted diluted earnings per share of $0.05 a year ago. Net cash used in operating activities was $75,412,000 against $165,000,000 a year ago. The improvement in operating cash flows was primarily related to lower working capital needs in the most recent period associated with decreased receivables, lower production levels and planned inventory reductions, partially offset by contributions to the pension plan of $16.2 million in fiscal 2013. Additions to plant and equipment were $16,744,000 against $19,704,000 a year ago. Net debt was $228.7 million slightly lower from the $229.1 million at January 1, 2012.