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.
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.
