Snap-on's sales rise 6.2 percent
Snap-on reported net sales of $1.1 billion in the third quarter of 2022, a gain of 6.2% from $1.0 billion in 2021.
The increase reflected a 10.4% organic sales gain of $103.9 million, partially offset by $39.1 million of unfavorable foreign currency translation.
Net earnings in the quarter of $223.9 million, or $4.14 per diluted share, compared to net earnings of $196.2 million, or $3.57 per diluted share, a year ago.
Commercial & Industrial Group segment net sales of $356.8 million in the quarter compared to $351.4 million last year.
Snap-on Tools Group segment net sales of $496.6 million in the quarter compared to $471.4 million last year.
INDUSTRIAL SUPPLY MAGAZINE
The November/December issue of Industrial Supply magazine features an in-depth cover story about Kimball Midwest. Plus, we're featuring articles by contributing writers Dirk Beveridge, Frank Hurtte, and Mike Marks, as well as interviews with numerous product and distribution industry experts.
