KENOSHA – Snap-on Inc. on Thursday said it had a 6
percent sales increase in its fiscal first quarter.
Kenosha-based provider of tools and diagnostics for
professional mechanics reported net income rose to $95.9
million, or $1.62 a share, up almost 16 percent from
$82.8 million, or $1.40, a year earlier.
company saw some of its strongest growth from the
commercial and industrial group, where sales rose 9
percent, to $290.6 million.
the three months ended March 30, sales rose by 6.2
percent, to $787.5 million, from $741.7 million.
believe that these results provide continued evidence
that Snap-on's value proposition of making work easier
for serious professionals in workplaces of consequence
is an ongoing strength as we continue to move forward
along our clear runways for coherent growth: enhancing
the franchise network, expanding in the vehicle repair
garage, extending to critical industries and building in
emerging markets,” said Nick Pinchuk, Snap-on chairman
and chief executive officer.