Briggs & Stratton today announced second quarter fiscal 2008 consolidated net sales of US$478.8 million and consolidated net income of $5.4 million or $0.11 per diluted share. The second quarter of fiscal 2007 had consolidated net sales of $423.1 million and a consolidated net loss of $4.4 million or $0.09 per diluted share.
The company's net income forecast for the year is $60 to $68 million or $1.21 to $1.37 per diluted share for the full year. The estimate is based on the assumption that consolidated net sales will grow approximately 7% to 8% between years, primarily due to higher volume in the Engines Segment. Operating income margins are projected to be approximately 4.0%, and interest expense and other income are forecasted at $36 million and $38 million.