In a news release on first quarter 2013 results, Snap-on said its financial services segment operating earnings of $30.5 million increased $6.6 million from 2012 levels. The company noted that financial services revenue was $44.0 in the quarter, up from $38.0 million a year earlier.

A balance sheet review showed that net finance receivables at March 30, 2013 were $831.9 million, up from $817.7 million at year-end 2012. Additions to finance receivables during the first quarter of $144.4 million were up from $135.5 million in the same quarter in 2012.

To read the Snap-on news release click here.