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Snap - on Incorporated ● ● News Release KENOSHA , Wis . - October 21 , 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 third quarter of 2021 . ● Release : IMMEDIATE Snap - on Announces Third Quarter 2021 Results Sales up 10.2 % from Q3 2020 , organic sales up 7.0 % ; Diluted EPS of $ 3.57 increases 8.8 % from Q3 2020 ; Sales up 15.1 % from Q3 2019 , organic sales up 11.1 % ; Diluted EPS increases 20.6 % from Q3 2019 Net sales of $ 1,037.7 million in the third quarter of 2021 increased $ 96.1 million , or 10.2 % from 2020 levels , reflecting a $ 67.0 million , or 7.0 % , organic sales gain , $ 19.5 million of acquisition - related sales , and $ 9.6 million of favorable foreign currency translation . Additionally , net sales in the period increased $ 135.9 million , or 15.1 % from $ 901.8 million in the third quarter of 2019 , reflecting a $ 101.3 million , or 11.1 % , organic sales gain , $ 21.0 million of acquisition - related sales , and $ 13.6 million of favorable foreign currency translation . Operating earnings before financial services for the quarter of $ 201.3 million , or 19.4 % of sales compared to $ 185.7 million , or 19.7 % of sales in 2020 . Financial services revenue in the quarter of $ 87.3 million increased $ 1.5 million from 2020 levels ; financial services operating earnings in the quarter of $ 70.6 million compared to $ 65.6 million last year . Consolidated operating earnings for the quarter of $ 271.9 million compared to $ 251.3 million last year . As a percentage of revenues ( net sales plus financial services revenue ) , consolidated operating earnings were 24.2 % and 24.5 % in the third quarters of 2021 and 2020 , respectively . The third quarter effective income tax rate was 23.7 % in 2021 and 23.4 % in 2020 . Net earnings in the quarter of $ 196.2 million , or $ 3.57 per diluted share , compared to third quarter 2020 net earnings of $ 179.7 million , or $ 3.28 per diluted share and third quarter 2019 net earnings of $ 164.6 million , or $ 2.96 per diluted share . See " Non - GAAP Measures " below for a definition of , and further explanation about , organic sales . - more - " We're encouraged by our third quarter performance as it reflects the ongoing positive trajectory of our businesses and represents our fifth consecutive period of advancement beyond the pre - pandemic levels of 2019 , " said Nick Pinchuk , Snap - on chairman and chief executive officer . " The continued momentum of our operations demonstrates the varied and abundant opportunities along our runways for growth and , we believe , confirms the resilience of our markets and our considerable capabilities to overcome the challenges of the COVID environment . As we have throughout the turbulence , we've leveraged our Snap - on Value Creation Processes to maintain and further develop our ongoing advantages in our people , our brands , and our products . In that regard , we were again honored with product awards from both Motor Magazine and Professional Tool & Equipment News , reflecting our success in connecting with customers and translating that deep insight into winning innovations , adding to the strength of our product line - up and driving our significant progress . Finally , I want to thank our franchisees and associates worldwide for their unfailing dedication , for their valuable contributions , and for their confidence in our possibilities as we proceed through the remainder of 2021 and beyond . "