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Snap - on Incorporated ● News Release Release : IMMEDIATE Snap - on Announces Second Quarter 2021 Results Sales up 49.3 % from Q2 2020 , organic sales up 42.5 % ; Diluted EPS of $ 3.76 increases 103.2 % , or 96.9 % , as adjusted , from Q2 2020 ; Sales up 13.7 % from Q2 2019 , organic sales up 9.3 % ; Diluted EPS increases 16.8 % from Q2 2019 KENOSHA , Wis . July 22 , 2021 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 second quarter of 2021 . Net sales of $ 1,081.4 million in the second quarter of 2021 increased $ 357.1 million , or 49.3 % from 2020 levels , reflecting a $ 316.9 million , or 42.5 % , organic sales gain , $ 19.6 million of acquisition - related sales , and $ 20.6 million of favorable foreign currency translation . Additionally , net sales in the period increased $ 130.1 million , or 13.7 % from $ 951.3 million in the second quarter of 2019 , reflecting an $ 89.9 million , or 9.3 % , organic sales gain , $ 23.0 million of acquisition - related sales , and $ 17.2 million of favorable foreign currency translation . Operating earnings before financial services for the quarter of $ 217.1 million , or 20.1 % of sales compared to $ 91.1 million , or 12.6 % of sales in 2020 , which included $ 4.0 million of exit and disposal costs ( " restructuring charges " ) . Excluding the 2020 restructuring charges , operating earnings before financial services in the second quarter of 2021 increased $ 122.0 million , or 128.3 % , from $ 95.1 million , or 13.1 % of sales , as adjusted , last year . Financial services revenue in the quarter of $ 86.9 million increased $ 2.3 million from 2020 levels ; financial services operating earnings of $ 68.9 million compared to $ 57.6 million last year . Consolidated operating earnings for the quarter of $ 286.0 million compared to $ 148.7 million last year , which included $ 4.0 million of restructuring charges . As a percentage of revenues ( net sales plus financial services revenue ) , consolidated operating earnings were 24.5 % and 18.4 % in the second quarters of 2021 and 2020 , respectively . Excluding the 2020 restructuring charges , consolidated operating earnings in 2021 increased $ 133.3 million , or 87.3 % , from $ 152.7 million , or 18.9 % of revenues , as adjusted , last year . The second quarter effective income tax rate of 23.3 % compared to 24.1 % in 2020 , which included an increase of 20 basis points ( 100 basis points equals 1.0 percent ) from restructuring charges . Net earnings in the quarter of $ 208.0 million , or $ 3.76 per diluted share , compared to second quarter 2020 net earnings of $ 101.2 million , or $ 1.85 per diluted share , and compared to net earnings , as adjusted to exclude restructuring charges , in 2020 , of $ 104.5 million , or $ 1.91 per diluted share . Additionally , reported net earnings in the second quarter of 2019 were $ 180.4 million , or $ 3.22 per diluted share . See " Non - GAAP Measures " below for a definition of , and further explanation about , organic sales and measures , as adjusted , excluding restructuring charges in 2020 . - more - " We're encouraged by our second quarter as Snap - on continued its upward trajectory , reaching significant heights in sales and operating earnings , and by our meaningful gains since the nadir of our pandemic impacted activity during this period last year , " said Nick Pinchuk , Snap - on chairman and chief executive