Snap-on 3Q sales relatively flat
Snap-on reported third-quarter net sales of $901.8 million increased 0.4 percent from 2018 levels.
The results include a 1.4 percent organic sales increase and $2.9 million of acquisition-related sales, partially offset by $11.7 million of unfavorable foreign currency translation.
Net earnings of $164.6 million, or $2.96 per diluted share, compared to $163.2 million, or $2.85 per diluted share, a year ago.
Commercial & Industrial Group segment sales of $335.3 million in the quarter increased 1.5 percent.
Snap-on Tools Group segment sales of $385.2 million in the quarter decreased 1.2 percent from 2018 levels.
Repair Systems & Information Group segment sales of $322.7 million in the quarter increased $8.3 million 2.6 percent.