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:
MONITOR: According to a survey cited in ELFA’s 2016/2017 Business Technology Performance Index, 58% of respondents reported their companies as “conservative” or “beginner” in the CRM space, indicating a deliberately slow adoption... read more
Monitor 100 2017
Equipment finance companies are responsible for financing a substantial portion of U.S. businesses’ capital expenditure budget through various channels of financial products. While these lenders can fund themselves in multiple wholesale financing markets, the asset-backed securities (ABS) market has proven... read more