Apr. 18, 2013, 2:02 PMSnap-on (SNA -1.7%) dips after a mixed Q1 report earlier today, beating on its EPS but coming up short on revenue. Net earnings actually rose 17% Y/Y, as the toolmaker reported improving margins, but revenue in it's commercial and industrial segment continue to feel pressure. The segement saw a 7% decrease in sales due primarily to lower sales to the military, and economic weakness in Europe that weighed on the segment's European-based hand tools business. | Comment!
Oct. 18, 2012, 3:31 PMSnap-On (SNA +3.7%) gains after its Q3 report beat estimates on all counts this morning. Net earnings rose 9.3% as the company reported stronger sales, led by 10% Y/Y growth in its tools group and higher-margin segments such as power generation and aerospace. Gross margin rose to 47.8% from 47.2%. | Comment!
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Snap-on Inc is a manufacturer and marketer of tools, diagnostics, equipment, software and service solutions for professional users. The products & services include hand and power tools, tool storage, diagnostic software & among others.
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