Snap-on sales up 1.5 percent
Snap-on Incorporated posted third-quarter net sales of $834.1 million, an increase of 1.5% from $821.5 million in the same quarter in 2015.
Excluding $9.7 million of unfavorable foreign currency translation and $1.1 million of acquisition-related sales, organic sales increased $21.2 million or 2.6%.
Net earnings of $131.7 million, or $2.22 per diluted share, compared to net earnings of $116.8 million, or $1.98 per diluted share, a year ago.
Commercial & Industrial Group segment sales of $289.3 million in the quarter increased 0.3% from 2015 levels.
Snap-on Tools Group segment sales of $397.2 million in the quarter rose 4.4% from 2015 levels.
Repair Systems & Information Group segment sales of $286.1 million in the quarter rose 1.1% from 2015 levels.