Snap-on Incorporated (NYSE: SNA) SNA (Snap-on) previously reported operating results for the third quarter of 2012. SNA (Snap-on) sales of 711.6 million increased 14.4 million, or 2.1%, from 2011 levels; excluding 16.6 million of unfavorable foreign currency translation, organic sales increased 4.6%. SNA (Snap-on) expects to continue with its planned strategic investments to enhance its mobile tool distribution network, expand in the vehicle repair garage, extend to critical industries and build in emerging markets. As a result of these initiatives, Snap-on anticipates that capital expenditures in 2012 will be in a range of 75 million to 80 million, of which 59.5 million was spent in the first nine months of 2012. Snap-on anticipates that its full year 2012 effective income tax rate will approximate 33.2%. Snap-on Incorporated (NYSE: SNA) is a leading global innovator, manufacturer
and marketer of tools, equipment, diagnostics, repair information and systems solutions for professional users performing critical tasks. Products and services include hand and power tools, tool storage, diagnostics software, information and management systems, shop equipment and other solutions for vehicle dealerships and repair centers, as well as for customers in industries, including aviation, aerospace, agriculture, construction, government and military, mining, natural resources and power generation. Products and services are sold through the companys franchisee, company-direct, distributor and internet channels. Founded in 1920, Snap-on is a 2.9 billion, SP 500 company headquartered in Kenosha, Wisconsin. For additional information, please visit www.snapon.com. In my opinion this is a stock to watch! (Read Full Disclaimer at http://crwepicks.com/disclaimer).