Snap-on reported net sales of $954.6 million in Q2/18, which increased $33.2 million, or 3.6%, from 2017 levels, reflecting a $12.1 million, or 1.3%, organic sales gain, $8.1 million of acquisition-related sales and $13.0 million of favorable foreign currency translation.

Financial services revenue of $82.0 million increased $4.3 million, or 5.5%, from $77.7 million during Q2/17. Financial services operating earnings of $57.8 million increased $3.2 million, or 5.9%, from $54.6 million during the same quarter last year.

Operating earnings before financial services of $193.1 million improved 30 basis points to 20.2% of sales as compared to $183.7 million, or 19.9% of sales, in Q2/17.

Commercial & Industrial Group segment sales of $337.8 million in the quarter increased $27.8 million, or 9.0%, from 2017 levels, reflecting a $13.9 million, or 4.4%, organic sales gain, $8.1 million of acquisition-related sales and $5.8 million of favorable foreign currency translation. The organic sales increase primarily included higher sales to customers in critical industries and slightly higher sales in the segment’s European-based hand tools business, partially offset by lower sales of power tools.

“Our second quarter 2018 results demonstrated encouraging progress along our defined runways for growth and improvement,” said Nick Pinchuk, Snap-on chairman and CEO. “We believe the overall macro-economic environment for the vehicle repair and critical industries markets we serve generally remains robust and affords significant ongoing opportunities.”