Snap-on sales drop 7.5 percent
Snap-on Incorporated said its net sales of $852.2 million in the first quarter of 2020 compared to $921.7 million in 2019, a decline of 7.5 percent.
Net earnings of $137.2 million, or $2.49 per diluted share, compared to $177.9 million, or $3.16 per diluted share, a year ago.
Commercial & Industrial Group segment net sales of $299.9 million in the quarter compared to $322.5 million last year.
Snap-on Tools Group segment net sales of $375.9 million in the quarter compared to $410.2 million last year.
Repair Systems & Information Group segment net sales of $314.6 million in the quarter compared to $327.9 million last year.
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.
