Snap-on Inc., Kenosha, WI, manufacturer of tools, diagnostics, equipment, software and service products for professional users, reported sales of $697.8 million for the third quarter of 2008, an increase of 17.1% over the prior year. Profit improved 32.8% to $54.6 million.
For the nine months ended Sept. 27, 2008, sales were $2.2 billion, an increase of 4.2% over the same period a year ago. Profit increased 43.7% to $178.1 million.
The Commercial &Industrial Group segment sales were $338.1 million, up 3.1% from the prior year. Excluding $12.4 million of currency translation, sales declined $2.2 million year-over-year as continued growth in emerging markets, contributions from increased sales of power tools, higher sales of tools, kits and tool storage …
Snap-On Inc. 3Q Sales Up
Snap-on Inc., Kenosha, WI, manufacturer of tools, diagnostics, equipment, software and service products for professional users, reported sales of $697.8 million for the third quarter of 2008, an increase of 17.1% over the prior year. Profit improved 32.8% to $54.6 million.
For the nine months ended Sept. 27, 2008, sales were $2.2 billion, an increase of 4.2% over the same period a year ago. Profit increased 43.7% to $178.1 million.
The Commercial &Industrial Group segment sales were $338.1 million, up 3.1% from the prior year. Excluding $12.4 million of currency translation, sales declined $2.2 million year-over-year as continued growth in emerging markets, contributions from increased sales of power tools, higher sales of tools, kits and tool storage …
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