Snap-On (SNA) Tops Q1 EPS by 7c, Sales Miss
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Snap-on Announces First Quarter 2016 Results
April 21, 2016 6:30 AM EDT
Diluted EPS of $2.16 increases 15.5%;
Operating
earnings before financial services of 18.6% of sales up 190 basis
points;
Organic sales increase 2.5%
KENOSHA, Wis.--(BUSINESS WIRE)-- Snap-on Incorporated (NYSE: SNA), a leading global innovator, manufacturer and marketer of tools, equipment, diagnostics, repair information and systems solutions for professional users performing critical tasks, today announced operating results for the first quarter of 2016.
Sales of $834.2 million increased $6.4 million, or 0.8%, from 2015 levels; excluding $16.4 million of unfavorable foreign currency translation and $2.6 million of acquisition-related sales, organic sales increased $20.2... More