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Snap-On Tools reports $106M quarterly net income

KENOSHA, WI (WTAQ) - More companies are buying more tools for their professional mechanics -- and it's been a boom for Snap-On Tools of Kenosha.

The company reports a net income of $106 million from April through June, a 20 percent increase from the same time a year ago.

Total sales jumped by more than 8 percent during the second quarter of the year, to $826.5 million.

When acquisition-related sales and foreign currency exchanges are taken out, base sales jumped over 6.5 percent.

Stockholders saw their earnings rise from $1.50 a share last spring to $1.80 this year. 

(Story courtesy of Wheeler News Service)