Snap-on sales up 1.5 percent
Snap-on Incorporated posted third-quarter net sales of $834.1 million, an increase of 1.5% from $821.5 million in the same quarter in 2015.
Excluding $9.7 million of unfavorable foreign currency translation and $1.1 million of acquisition-related sales, organic sales increased $21.2 million or 2.6%.
Net earnings of $131.7 million, or $2.22 per diluted share, compared to net earnings of $116.8 million, or $1.98 per diluted share, a year ago.
Commercial & Industrial Group segment sales of $289.3 million in the quarter increased 0.3% from 2015 levels.
Snap-on Tools Group segment sales of $397.2 million in the quarter rose 4.4% from 2015 levels.
Repair Systems & Information Group segment sales of $286.1 million in the quarter rose 1.1% from 2015 levels.
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.
