Snap-on Reports Higher YTD Revenue, Operating Earnings & Volume for Finance Unit



Snap-on reported that its financial services revenue and operating earnings for Q3/15 were $61.1 million and $43.5 million, respectively up from $53.6 million and $37.7 million a year earlier.

Year-to-date revenue and operating earnings of $177.2 million and $125.2 million, respectively was up from $155.5 million and $106.9 million for the same period in 2014.

The tool maker said net finance receivables at October 3, 2015 of $1,164.6 million were up 22.2% from $952.9 million at January 3, 2015. Snap-on noted that finance receivable additions of $629.2 million for the first nine months of 2015 were up 15% from $549.2 million for the same period a year earlier.


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