Snap-On reported Q2/16 financial services operating earnings of $49.5 million were up 19.6% or $8.1 million from the same period in 2015. Revenues of $69.3 million in the quarter compared to revenue of $58.7 million a year ago. Year-to-date revenue and operating earnings of $135.6 million and $96.5 million, respectively was up from $115.1 million and $81.7 million for the same six-month period in 2015.
Q2/16 additions to the portfolio of $244.2 million were up 12.4% from $217.2 million in the same quarter in 2015. At the end of Q2/16, net finance receivables of $1,331.7 million were up 9.2% from $1,220.0 million a year earlier.
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