| Abstrakt: |
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 third quarter of 2013. Sales of $753.2 million increased $41.6 million, or 5.8%, from 2012 levels; excluding $15.6 million of sales from the May 2013 acquisition of Challenger Lifts, Inc. (“Challenger”) and $7.3 million of unfavorable foreign currency translation, organic sales increased 4.7%. Operating earnings before financial services of $111.3 million, or 14.8% of sales, compares with $96.2 million, or 13.5% of sales, last year. Financial services operating earnings of $31.6 million increased $3.7 million from 2012 levels. Consolidated operating earnings of $142.9 million, or 17.9% of revenues (net sales plus financial services revenue), increased from $124.1 million, or 16.5% of revenues, last year. Net earnings of $84.6 million, or $1.43 per diluted share, compares with net earnings of $74.1 million, or $1.26 per diluted share, a year ago. [ABSTRACT FROM PUBLISHER] |
