Briggs trims first quarter loss

Wauwatosa-based Briggs & Stratton Corp. reported a net loss of $5.2 million during its fiscal first quarter, a 35.7 percent improvement compared with its net loss of $8.1 million during last year’s fiscal first quarter.
The company’s net sales for the quarter were $397.3 million, up 18.9 percent from the previous fiscal year’s first quarter.
"We continued to make progress against our strategic initiatives in the first quarter which enabled us to improve profitability in what remains a challenging global economy," said Todd Teske, chairman, president and chief executive officer of Briggs. "In addition, I am very pleased how our team was able to quickly respond and provide help to the areas impacted by Hurricane Irene. Their efforts demonstrate our company’s ability to respond when severe weather conditions leave people without power."