Snap-On reported Q1/17 net sales of $887.1 million increased $52.9 million, or 6.3% from 2016 levels, reflecting a $33.4 million or 4.1% organic sales gain and $29.1 million of acquisition-related sales, partially offset by $9.6 million of unfavorable foreign currency translation. Net earnings of $141.6 million in Q1/17 were up 10.4% from $128.3 million for the same quarter in 2016.
The following information on Financial Services was excerpted from the Snap-on news release:
Outbound prospecting is a key ingredient for the origination of equipment finance volume. Conversely, the No. 1 reason leasing sales people fail is because they don’t originate enough new business. It seems like an easy problem to solve. More targeted... read more
Confidence in the equipment finance industry has been elevated to start 2017. In January, the Equipment Leasing and Finance Foundation’s Monthly Confidence Index reached an all-time high of 73.4. Although that number retreated to 72.2 in February, it is still... read more