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For the full year 2011, sales were $2.85 billion, up 9 percent year over year. Profit grew 48.2 percent to $276.3 million.
Commercial & Industrial Group segment sales of $295.4 million in the fourth quarter increased 4.9 percent from 2010 levels, including $0.2 million from favorable foreign currency translation. Operating earnings of $33 million in the period compared with $35.4 million last year.
Snap-on Tools Group segment sales of $292.8 million in the fourth quarter rose 9.2 percent from 2010 levels; excluding $0.3 million of unfavorable foreign currency translation, organic sales for the group increased 9.3 percent. Operating earnings of $39.6 million in the period were up $13.8 million from 2010 levels.
Repair Systems & Information Group segment sales of $236.5 million in the fourth quarter increased 2 percent from 2010 levels; excluding $0.9 million of unfavorable foreign currency translation, organic sales rose 2.4 percent. Operating earnings of $49.2 million in the period increased $3.5 million from 2010 levels.
Financial Services operating earnings were $22.1 million on $35.5 million of revenue in the fourth quarter of 2011, as compared to operating earnings of $9.4 million on $21.5 million of revenue a year ago.