Posted February 2, 2012
Snap-on sales rise 5.7%
Snap-on reported fourth quarter sales increased 5.7% to $736.6 million.
Net earnings of $74.3 million, or $1.27 per diluted share, increased from $57.9 million, or 99 cents per diluted share, a year ago.
Full year 2011 sales of $2.85 billion increased 9.0% from prior year levels. Full year 2011 net earnings were $276.3 million, or $4.71 per diluted share, compared to $186.5 million, or $3.19 per diluted share, last year.
Snap-on Tools Group segment sales of $292.8 million in the fourth quarter rose 9.2% from 2010 levels. Commercial & Industrial Group segment sales of $295.4 million in the fourth quarter increased 4.9% from 2010 levels
