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Snap-On s Organic Sales Surged 42 5% in Q2
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Organic sales grew across the board, even outpacing growth from Q1 2019.
Apr 22nd, 2021
Two days after announcing the rebranding of its Snap-on Industrial brands as Williams, Snap-on reported its 2021 first quarter financial results on Thursday, showing major growth both year-over-year and when comparing against Q1 of 2019.
The tools, tool storage and automotive repair products supplier reported Q1 2021 total sales of $1.025 billion, up 20.2 percent year-over-year. That included a 16.3 percent gain in organic sales. Those figures outpaced Q4 2020 year-over-year growth of 12.5 percent and organic growth of 10.6 percent.
For perspective, Snap-on also included comparisons to Q1 of 2019 in its report, showing that the most recent quarter s sales increased 11.2 percent from that baseline, with organic sales up 8.1 percent.
Top 5 Consumer Discretionary Stocks Set to Beat On Q1 Earnings Zacks.com 2 hrs ago
First-quarter 2021 earnings are in full swing and market participants are watching the results closely as the last quarter was a strong one both in terms of economic data and stock market performance. Corporate profits in the first quarter and their guidance will be thoroughly scrutinized by financial experts and economists to gauge whether the U.S. economy will return to the pre-pandemic level by mid-2021.
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Snap-on Buys Dealer-FX Group for $200M
Dealer‑FX is a developer, marketer and provider of service operations software solutions for automotive OEM customers and their dealers.
Mar 8th, 2021
Snap-on
KENOSHA, WI Snap-on Incorporated, a global innovator, manufacturer and marketer of tools, equipment, diagnostics, repair information, and systems solutions for professional users performing critical tasks, announced Monday that it has acquired Dealer-FX Group, Inc., based in Markham, Ontario, for approximately $200 million in cash. Dealer‑FX is a developer, marketer and provider of service operations software solutions for automotive original equipment manufacturer customers and their dealers. Dealer-FX specializes in software as a service (SaaS) management systems, communications platforms and extensive data integrations, and offers a digitized solution that increases dealership productivity and enhances the vehicle owners’ service experience. This acquisition complements and
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