Snap-on Reports Higher Q4 Profit - Quick Facts

(RTTNews) - Snap-on Inc. (SNA), a provider of industrial goods, said its fourth-quarter net earnings attributable to the company grew to $94.5 million, or $1.60 a share, from $84.6 million, or $1.43 a share, last year. On average, 5 analysts polled by Thomson Reuters expected earnings per share of $1.56 for the quarter. Analysts' estimates typically exclude one-time items.

Quraterly sales of $797.5 million increased 5.9% from the 2012 level of $753.2 million. Excluding $15.2 million of sales from the May 2013 acquisition of Challenger Lifts, Inc. and $5.3 million of unfavorable foreign currency translation, organic sales went up by 4.6%. Analysts estimated revenues of $779.57 million for the quarter.

The firm also reported operating earnings before financial services of $123.6 million, or 15.5% of sales, in the recent quarter.