First Business

April 19, 2013

Snap-on 1Q sales up slightly

Snap-on Inc. first-quarter profits increased 17 percent on higher sales in its tools and repair systems and information groups.

Kenosha-based Snap-on (NYSE: SNA), a manufacturer and marketer of professional tools, equipment, diagnostics, repair information and systems, said net earnings for the quarter ended March 30 were $82.8 million, or $1.40 per share, compared with $71 million, or $1.21 per share, in the year-ago period.

Net sales increased less than 1 percent to $741.7 million from $735.2â;€¦;

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