Snap-On reported Q1/17 net sales of $887.1 million increased $52.9 million, or 6.3% from 2016 levels, reflecting a $33.4 million or 4.1% organic sales gain and $29.1 million of acquisition-related sales, partially offset by $9.6 million of unfavorable foreign currency translation. Net earnings of $141.6 million in Q1/17 were up 10.4% from $128.3 million for the same quarter in 2016.
The following information on Financial Services was excerpted from the Snap-on news release:
Usury is the exacting, taking or receiving of a greater rate than allowed by law for the use or loan of money or a forbearance. A transaction is usurious if a loan is made at greater than the legal rate... read more
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