KENOSHA — Tool
manufacturer and marketer Snap-on Incorporated
announced Thursday that its sales increased 7.5
percent during the fourth quarter of 2014 when
compared to the same period in 2013.
According to the Kenosha-based company, sales of
$857.4 million in the quarter increased by $59.9
million, or 7.5 percent, from 2013 levels. Fourth
quarter 2014 net earnings of $116.2 million, or
$1.97 per diluted share, compared to net earnings of
$94.5 million, or $1.60 per diluted share, a year
ago, according to Snap-on.
“Our fourth quarter results, including a 9.8 percent
organic increase in net sales, a 140 basis point
improvement in operating margin before financial
services, and a 23.1 percent gain in diluted
earnings per share, represent an encouraging finish
to 2014,” said Nick Pinchuk, Snap-on chairman and
chief executive officer, in a statement.