Snap-On (SNA) Tops Q2 EPS by 3c

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Snap-on Announces Second Quarter 2015 Results

July 23, 2015 5:30 AM EDT

Organic sales up 8.4%;
Operating earnings before financial services of 17.7% of sales improves 100 basis points;
Diluted EPS of $2.03 increases 12.8%

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 2015.

Sales of $851.8 million increased $25.3 million, or 3.1%, from 2014 levels; excluding $43.4 million of unfavorable foreign currency translation and $2.8 million of acquisition-related sales, organic sales increased $65.9... More