KENOSHA — The
end of the third quarter saw positive financial news for Snap-on
Incorporated, a global innovator, manufacturer and marketer of tools
and systems solutions in Kenosha.
the announcement Thursday, the company had net sales of $903.8
million in the third quarter, which is an increase of $69.7 million,
or 8.4 percent, from the third quarter of 2016, reflecting a $19.5
million, or 2.3 percent, organic sales gain, $44.3 million of
acquisition-related sales and $5.9 million of favorable foreign
encouraged that in the third quarter we increased both sales and net
earnings through our steadfast commitment to our runways for growth
and improvement, despite challenges on a variety of fronts,
including the recent hurricanes,” said Nick Pinchuk, Snap-on
chairman and chief executive officer, in a statement.
third quarter, consolidated operating earnings were $209.1 million,
or 21.3 percent of revenues (net sales plus financial services
revenue), compared to $208.2 million, or 23 percent of revenues,
during the third quarter of 2016.