Snap-on Announce Growth in Profits

Snap-on Incorporated, parent company of UK companies UK Equipment, Snap-on Tools and Sun Diagnostics, has just announced a 20 per cent rise in second quarter pre-tax profits to US$ 26.6 million.

Jack Michaels, Snap-on’s CEO commented on the company’s goals: “We continue to believe that by placing urgent emphasis on improved customer responsiveness, and maintaining our strong heritage of product quality, performance and innovation, we can substantially strengthen our brands’ global appeal.”

“These results demonstrate that our corporation continues to deliver profitable growth in a very competitive business environment”, said Brian O’Sullivan, general manager UK Equipment. “In recent years Snap-on has invested heavily in new product design and the rewards for this can be seen in the continuing improvement in the companies fortunes”.