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KENOSHA, Wis., April 19, 2012 -- Snap-on Incorporated (NYSE: SNA), a leading global innovator, manufacturer and marketer of tools, equipment, diagnostics, repair information and systems solutions for professional users performing critical tasks, today announced operating results for the first quarter of 2012. 

• Sales of $735.2 million increased $41.5 million, or 6.0%, from 2011 levels; excluding $6.7 million of unfavorable foreign currency translation, organic sales increased 7.0%.
• Financial services operating earnings of $23.9 million increased $11.4 million from 2011 levels primarily due to continued growth in the company’s on-book finance portfolio.
• Consolidated operating earnings of $121.4 million improved to 15.7% of revenues (net sales plus financial services revenue) as compared to 13.9% last year.
• Net earnings of $71.0 million, or $1.21 per diluted share, increased $14.8 million, or $0.25 per diluted share, from $56.2 million, or $0.96 per diluted share, a year ago. 

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