Snap-on sales relatively flat
Snap-on reported net sales of $955.2 million in the fourth quarter increased 0.3 percent from $952.5 million in the fourth quarter of 2018.
Net earnings of $170.6 million, or $3.08 per diluted share, compared to $175.0 million, or $3.09 per diluted share, a year ago.
Full year net sales of $3.7 billion decreased 0.3 precent from 2018 levels. Net earnings of $693.5 million, or $12.41 per diluted share, compared to earnings of $679.9 million, or $11.87, in 2018.
In the fourth quarter, Commercial & Industrial Group segment sales of $352.9 million increased 2.7 percent; Snap-on Tools Group segment sales of $411.7 million increased 1.1 percent; Repair Systems & Information Group segment sales of $335.0 million decreased 1.4 percent.
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.
