Snap-on sales up 5.1 percent
Snap-on Incorporated reported first quarter sales of $827.8 million increased 5.1% from 2014 levels.
Excluding $38.5 million of unfavorable foreign currency translation and $4.9 million of acquisition-related sales, organic sales increased 9.9%.
Net earnings of $110.5 million, or $1.87 per diluted share, compared to $95.9 million, or $1.62, a year ago.
Commercial & Industrial Group segment sales of $297.5 million in the quarter increased 2.4% from 2014 levels.
Snap-on Tools Group segment sales of $378.2 million in the quarter rose 10.1% from 2014 levels, reflecting sales increases in both the company’s U.S. and international franchise operations.
Repair Systems & Information Group segment sales of $272.3 million in the quarter increased 3.7%.
INDUSTRIAL SUPPLY MAGAZINE
The March/April issue of Industrial Supply magazine features an in-depth cover story about Joyce Lansdale and Vallen. Plus, we're featuring articles by contributing writers Dirk Beveridge, Frank Hurtte, and David Kahle, as well as interviews with numerous product and distribution industry experts.
