Snap-on Incorporated reported a positive second quarter Thursday
with net sales of $921.4 million, an increase of 5.6 percent from
The gains in net
sales is attributed to a $23.2 million, or 2.7 percent, organic
sales gain and $38.4 million of acquisition-related sales, partially
offset by $12.5 million of unfavorable foreign currency translation.
operating earnings before financial services of $183.7 million
improved 80 basis points to 19.9 percent of sales as compared to
$166.4 million, or 19.1 percent of sales, last year.
services revenue of $77.7 million increased $8.4 million from 2016
levels; financial services operating earnings of $54.6 million
increased from $49.5 million last year.
Incorporated is a global manufacturer and marketer of tools,
equipment, diagnostics, repair information and systems solutions for