Snap-On Q4 Profit Rises, Results Beat View - Quick Facts

(RTTNews) - Snap-on Inc. (SNA), a manufacturer and marketer of tools, equipment, diagnostics, repair information and systems solutions for professional users performing critical tasks, posted fourth-quarter net earnings attributable to the company of $116.2 million or $1.97 per share, up from $94.5 million or $1.60 per share in the year-ago period.

Net sales for the quarter grew 7.5 percent to $857.4 million from $797.5 million in the previous year. Excluding $21.5 million of unfavorable foreign currency translation and $5.7 million of acquisition-related sales, organic sales increased 9.8 percent.

On average, analysts polled by Thomson Reuters expected the company to report earnings of $1.81 per share on revenues of $843.10 million for the quarter. Analysts' estimates typically exclude special items.

For fiscal 2015, Snap-on expects that capital expenditures in a range of $80 million to $90 million. The company also anticipates that its full year 2015 effective income tax rate will be at or below its 2014 full year rate.