Snap-on Announces First Quarter 2020 Results
Snap-On Incorporated (SNA)
Last snap-on incorporated earnings: 4/21 06:30 am
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US:NYSE Investor Relations:
snapon.com/en/investors/investor-events
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Source: Business Wire
Diluted EPS of $2.49 for the first quarter of 2020;Excluding restructuring charges, diluted EPS of $2.60, as adjustedGlobal economic uncertainty causes lower year-over-year sales and earnings 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 first quarter of 2020.Net sales of $852.2 million in the first quarter of 2020 compared to $921.7 million in 2019, reflecting a $62.7 million, or 6.9%, organic sales decline and $10.3 million of unfavorable foreign currency translation, partially offset by $3.5 million of acquisition-related sales. The lower sales volume primarily reflects the impact of economic uncertainty associated with the COVID-19 pandemic.Operating earnings before financial services for the quarter of $138.9 million, or 16.3% of sales,
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