Snap-On Reports Double-Digit Y/Y Increase in Finance Receivables

Snap-On reported Financial Services operating earnings of $ 56.0 million on revenue of $79.0 million in Q3/17 compared to operating earnings of $50.6 million on revenue of $71.6 million in the same quarter one year ago.

Snap-On said originations of $271.8 million in Q3/17 increased $2.0 million, or 0.7%, from 2016 levels.

Finance receivables at September 30, 2017 of $1,524.4 million were up 10.9% from $1,374.2 million at the end of the same period in 2016 and 2.4% from $1,407.0 million at December 31, 2016.

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