Snap-on sees sales dip despite profit rise in Q3 2018
Snap-on recorded a slight dip in sales in Q3 2018, combating sales turbulence in its Repair Systems & Information Group with increased hand tool sales in Europe. Overall profits were $163.2m, compared to £133.4m in Q3 2018. Net sales of $898.1 million were down $5.7m (0.6%) from 2017 levels, reflecting a $5.4m or 0.6% organic […]
Sales rise $33m in Q2 for Norbar, BAHCO and Lindström owner Snap-on
Kenosha, Wisconsin headquartered Snap-on Incorporated saw sales rise in Q2 2018, bolstered by new product launches and ‘industry tailwinds’. Net sales of $954.6 million increased 3.6% or $33.2 million from 2017 levels. That $33.2 million included $12.1 million organic sales gain (1.3%), $8.1 million acquisition-related sales and $13 million favourable foreign currency translation. Commercial & […]
Sales rise up 7.5% but tools struggle for Snap-on
Q4 and 2017 sales rose for Snap-on last year, but the US tools side of the business dropped slightly for the owner of BAHCO, Norbar Torque Tools and many others. Q4 net sales increased $84.8 million (9.5%) to $974.6 million – $38.9 million of which was organic, $29.7m was acquisition-related and a whopping $16.2 million came […]
US court makes $27.8m judgement on Milwaukee Tool and Snap-on battery tech case
According to US reports, a federal court has ruled in favour of Milwaukee Tool in a long-running case filed against Snap-On Tools back in 2014. Fox6news reports that the jury found Milwaukee Tool was entitled to a “reasonable royalty” of $27.8 million after Snap-on was alleged to have used patented lithium-ion battery technology. Milwaukee Tool […]
Snap-On sales grow but tools segment dips
US-registered Snap-On saw net sales grew 8.4% in Q3 2017, up $69.7 million to $903.8 million. In organic terms, that number was a more modest 2.3% rise or $19.5 million gain, with $44.3 million of acquisition-related sales and $5.9 million of favourable foreign currency translation. Tools down Snap-on Tools Group segment sales of $392.7 million in the quarter decreased $4.5 million, or 1.1%, from […]
8,000 attend Snap-on Franchisee Conference
Dallas, Texas, hosted over the 8,000 attendees of Snap-on’s Franchisee Conference, representing more than 3,000 North American routes. The annual event focused covered the latest in sales, product and business management information in hand, power and diagnostic tools, tool storage and productivity solutions. This year’s conference featured a 144,000-square-foot show floor filled with thousands of innovative products, […]
Snap-On Tools sees sales increase $49m following Norbar acquisition
Snap-On Tools, which acquired Norbar Torque Tools in May, saw a rise in sales in Q2 2017, both organic and non-organic. Net sales increased $49.1m (5.6%) from $921.4m, reflecting a £23.2m (2.7%) organic sales gain and $38.4m of acquisition-related sales. That figure was offset by $12.5m of unfavourable foreign currency translation. Snap-On’s boss noted that […]
Norbar Torque Tools acquired by US-based Snap-on Incorporated
On 4th May 2017, the Norbar Torque Tools group of companies (Norbar), its wholly owned companies in India and Singapore, and including the joint ventures in USA and China, were acquired by Snap-on Incorporated of Kenosha, Wisconsin, USA. Since its incorporation in 1943, Norbar has been owned and managed by descendants of the founder, William […]
Snap-on Tools sales rise to $872 million
Snap-on Incorporated has seen sales grow $20.5 million to $872.3 million, an increase of 2.4% on 2015 numbers. Excluding $10.2 million of currency conversion and $5.9 million of acquisition sales, organic sales grew $24.8 million (2.9%). The Snap-on Tools Group segment sales of $416.7 million in the quarter rose $18.0 million, or 4.5%, from 2015 levels. Excluding […]