Snap-on Incorporated (NYSE:SNA) Files An 8-K Results of Operations and Financial Condition

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Snap-on Incorporated (NYSE:SNA) Files An 8-K Results of Operations and Financial Condition
Item 2.02 Results of Operations and Financial Condition

On April 20, 2017, Snap-on Incorporated (the “Corporation”) issued a press release entitled “Snap-on Announces First Quarter 2017 Results; Diluted EPS of $2.39 increases 10.6%; Operating earnings before financial services of 19.1% of sales up 50 basis points; Reported net sales up 6.3%; Organic net sales up 4.1%.” The text of the press release is furnished herewith as Exhibit 99 and incorporated herein by reference.

The press release contains cautionary statements identifying important factors that could cause actual results of the Corporation to differ materially from those described in any forward-looking statement of the Corporation.

The press release also contains information concerning the impacts of foreign currency translation on certain items of reported results, and this information may include non-GAAP financial measures. The Corporation presents information in this manner to show changes in these items of reported results apart from those related to the quarterly volatility of foreign currency changes.

Item 9.01 Financial Statements and Exhibits (furnished to Item 2.02)

(d) Exhibits

99 Press Release of Snap-on Incorporated, dated April 20, 2017


About Snap-on Incorporated (NYSE:SNA)

Snap-On Incorporated is a manufacturer and marketer of tools, equipment, diagnostics, repair information and systems solutions for professional users. The Company’s segments include Commercial & Industrial Group, the Snap-on Tools Group, the Repair Systems & Information Group and Financial Services. Its Commercial & Industrial Group segment consists of business operations serving a range of industrial and commercial customers across the world. Its Snap-on Tools Group segment consists of business operations serving vehicle service and repair technicians. Its Repair Systems & Information Group segment consists of business operations serving other professional vehicle repair customers around the world. Financial Services segment consists of the business operations of Snap-on Credit LLC (SOC), which has the Company’s financial services business in the United States, and Snap-on’s other financial services subsidiaries in those international markets where Snap-on has franchise operations.

Snap-on Incorporated (NYSE:SNA) Recent Trading Information

Snap-on Incorporated (NYSE:SNA) closed its last trading session up +0.46 at 163.77 with 957,061 shares trading hands.