Snap-on earnings improve
Snap-on Incorporated reported sales of $753.2 million in the fourth quarter increased 2.3% from 2011 levels.
Net earnings of $84.6 million, or $1.43 per diluted share, compares with $74.3 million, or $1.27, a year ago.
Full year 2012 sales of $2.94 billion increased 2.9% from 2011 levels, while net earnings of $306.1 million, or $5.20 per diluted share, compares with $265.2 million, or $4.52, the previous year.
Commercial & Industrial Group segment sales of $275.6 million in the quarter decreased $19.8 million, or 6.7%, from 2011 levels.
Snap-on Tools Group segment sales of $321.6 million in the quarter rose 9.8% from 2011.
INDUSTRIAL SUPPLY MAGAZINE
The May/June issue of Industrial Supply magazine features an in-depth cover story about GHX Industrial. Plus, we're featuring articles by contributing writers Dr. Bharani Nagarathnam and Frank Hurtte, as well as interviews with numerous product and distribution industry experts.
