Snap-on reported Q2/17 financial services revenue of $77.7 million, an increase of $8.4 million from $69.3 million in the same quarter in 2016. Financial services operating earnings of $54.6 million was up 10.3% from $49.5 million a year earlier. Operating earnings for the six months ended June 30, 2017 were $107.1 million up 11.0% from $96.5 million for the same period in 2016.
Snap-on said Q2/17 originations of $270.6 million in the second quarter decreased 3.7% from $281.0 million in the same quarter a year earlier.
Finance receivables at July 1, 2017 of $1,495.1 million were up 6.3% from $1,407.0 million at year-end 2016.
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