Snap-On (SNA) Tops Q2 EPS by 13c
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Snap-on Announces Second Quarter 2016 Results
July 21, 2016 6:30 AM EDTDiluted EPS of $2.36 increases 16.3%;
Operating earnings before financial services of 19.1% of sales up 140 basis points;
Reported net sales up 2.4%; Organic net sales up 2.9%
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 second quarter of 2016.
Net sales of $872.3 million increased $20.5 million, or 2.4%, from 2015 levels; excluding $10.2 million (120 basis points) of unfavorable foreign... More