-=Snap-On (SNA) reported earnings on Thur 8 Feb 2018 (b/o)

Snap-On beats by $0.03, beats on revs 

• Reports Q4 (Dec) earnings of $2.69 per share, excludes $0.33 legal charge and $0.12 charge related to implementation of tax legislation, $0.03 better than the Capital IQ Consensus of $2.66; revenues rose 9.5% year/year to $974.6 mln vs the $940.5 mln Capital IQ Consensus.
• Commercial & Industrial Group segment sales of $341.7 million, +19.4%, from 2016 levels, reflecting a $29.5 million, or 10.1%, organic sales gain, $19.1 million of acquisition-related sales, and $6.8 million of favorable foreign currency translation.
• Snap-on Tools Group segment sales of $409.2 million in the quarter, -2.0%, from 2016 levels, reflecting a $12.6 million, or 3.0%, organic sales decline, partially offset by $4.3 million of favorable foreign currency translation.
• Repair Systems & Information Group segment sales of $356.8 million, +11.6%, from 2016 levels, reflecting a $20.2 million, or 6.2%, organic sales gain, $10.6 million of acquisition-related sales, and $6.2 million of favorable foreign currency translation.
• Co expects 2018 capex of $90-100 mln