Husqvarna to close plant, cut outlook

STOCKHOLM — Husqvarna Group has cautioned investors that its core operating profit for the third quarter will be cut in half, owing to inclement weather, restructuring costs and tariffs. The company had already in July announced restructuring to its Consumer Brands segment, in part because of lower demand in the U.S. “In addition to the restructuring, the third quarter has also been impacted by the extended warm and dry weather,” the company added in a statement this week. Among the restructuring measures planned is the closure of the company’s McRae, Ga., plant.