Snap-on Inc (NYSE:SNA) shares are trading lower after it reported fourth-quarter FY23 results.
Sales rose 3.5% Y/Y to $1.197 billion, missing the consensus of $1.202 billion. The revenue increase reflected a $26.1 million, or 2.2%, organic sales gain, $5.5 million of acquisition-related sales, and $9.1 million of favorable foreign currency translation.
Segment Sales: Commercial & Industrial Group climbed 3.3%, Snap-on Tools Group fell 5.7% and Repair Systems & Information Group increased …
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