ADVFN - Advanced Financial Network.
HOME» NYSE » S » SNA Stock Price » SNA Stock News

Snap On Share News

 Snap-on, Inc. Stock Price
SNA Stock Price
 Snap-on, Inc. Stock Chart
SNA Stock Chart
 Snap-on, Inc. Stock News
SNA Stock News
 Snap-on, Inc. Company Information
SNA Company Information
 Snap-on, Inc. Stock Trades
SNA Stock Trades

Snap-On 1Q Profit Up 26% On Strength In Tools Segment

DOW JONES NEWSWIRES Snap-On Inc.'s (SNA) first-quarter earnings rose 26% as the tool maker booked a double-digit increase in tool sales, along with higher commercial and industrial segment sales. The company controls a big chunk of the professional tool market, where it competes with Stanley Black & Decker Inc.'s (SWK) Mac Tools unit and Danaher Corp.'s (DHR) Matco. Snap-On gets more than half its sales from the U.S. and from the auto sector, but has sought growth in emerging markets and higher-margin segments such as power generation and aerospace. The company, which offers its products and services in more than 130 countries, has seen sales improve in recent quarters. Snap-On reported a profit of $71 million, or $1.21 a share, up from $56.2 million, or 96 cents a share, a year earlier. Net sales increased 6% to $735.2 million. Excluding currency impacts, organic sales were up 7%. Analysts polled by Thomson Reuters were expecting earnings of $1.16 a share on revenue of $737 million. The company's commercial and industrial segment sales rose 5.2%, while the tools group's sales climbed 12%. Meanwhile, sales in the repair systems group edged down 0.4%. Gross margin narrowed to 47.3% from 47.7%. Shares closed Wednesday at $59.65 and were inactive premarket. The stock is up 18% this year. -By Lauren Pollock and Anne Pallivathuckal, Dow Jones Newswires; 212-416-2356; lauren.pollock@dowjones.com

Stock News for Snap On (SNA)
DateTimeHeadline
04/13/201408:46:33MARKET SNAPSHOT: Google, Intel, IBM Outlooks To Trump Earnings...
11/15/201309:10:28Caxton Associates LP 3Q 13F: Largest Purchases
11/15/201309:10:28Caxton Associates LP 3Q 13F: Holdings As Of Sep 30 -2-
11/15/201309:10:27Caxton Associates LP 3Q 13F: Holdings As Of Sep 30
04/18/201308:09:53Snap-On 1st-Quarter Profit Rises 17% as Margins Improve
04/19/201209:29:11Snap-On 1Q Profit Up 26% On Strength In Tools Segment
07/21/201108:16:53Snap-on 2Q Net Soars 72% As Financial Services Revenue More Than...
06/08/201105:29:33Obama Partners With Business Leaders To Expand Manufacturing...
04/21/201107:33:51Snap-on 1Q Profit Up 53% On Boost From Emerging Markets
02/03/201108:58:39Snap-on 4Q Net Surges 58% On Higher Sales; Tops Estimates
10/22/201008:00:14Snap-On 3Q Profit Soars 83% As Demand Continues To Stabilize
07/23/201007:54:45Snap-On 2Q Profit Up 21% On Improved Sales And Margin
04/20/201007:55:03Snap On 1Q Earnings Up 6% On Higher Sales, Margins
03/31/201018:50:16Analysts See Danaher Facing Hurdles To Higher 2010 Profit
02/16/201018:43:33Dr Pepper Snapple Names Snap-on Executive Ellen As Financial...
02/04/201007:59:04Snap-On 4Q Net Down 38% On Lower Sales, Financial-Services Woes

Snap On and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2007 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad