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Snap-on(SNA) - 2024 Q3 - Earnings Call Transcript
2024-10-17 18:11
Snap-on Incorporated (NYSE:SNA) Q3 2024 Earnings Conference Call October 17, 2024 10:00 AM ET Company Participants Sara Verbsky - VP, IR Nick Pinchuk - CEO Aldo Pagliari - CFO Conference Call Participants Christopher Glynn - Oppenheimer Gary Prestopino - Barrington Research David MacGregor - Longbow Research Luke Junk - Baird Bret Jordan - Jefferies Carolina Jolly - Gabelli Operator Good morning and welcome to the Snap-on Incorporated 2024 Third Quarter Results Conference Call. All participants will be in l ...
Compared to Estimates, Snap-On (SNA) Q3 Earnings: A Look at Key Metrics
ZACKS· 2024-10-17 14:36
Snap-On (SNA) reported $1.15 billion in revenue for the quarter ended September 2024, representing a yearover-year decline of 1.1%. EPS of $4.70 for the same period compares to $4.51 a year ago. The reported revenue compares to the Zacks Consensus Estimate of $1.16 billion, representing a surprise of -0.74%. The company delivered an EPS surprise of +2.62%, with the consensus EPS estimate being $4.58. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street ...
Snap-on(SNA) - 2024 Q3 - Earnings Call Presentation
2024-10-17 12:51
Quarterly Financial Review Third Quarter 2024 Q3-2024 Quarterly Review © 2024 Snap-on Incorporated Snap-an Incorporated Who We Are OUR MISSION The most valued productivity solutions in the world BELIEFS We deeply believe in: Non-negotiable Product and Workplace Safety Uncompromising Quality Passionate Customer Care Fearless Innovation Rapid Continuous Improvement VALUES Our behaviors define our success: We demonstrate Integrity. We tell the Truth. We respect the Individual. We promote Teamwork. We Listen. V ...
Snap-On (SNA) Q3 Earnings Surpass Estimates
ZACKS· 2024-10-17 12:40
Snap-On (SNA) came out with quarterly earnings of $4.70 per share, beating the Zacks Consensus Estimate of $4.58 per share. This compares to earnings of $4.51 per share a year ago. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of 2.62%. A quarter ago, it was expected that this tool and diagnostic equipment maker would post earnings of $4.94 per share when it actually produced earnings of $4.91, delivering a surprise of -0.61%. Over the last four qua ...
Snap-on(SNA) - 2024 Q3 - Quarterly Results
2024-10-17 10:42
Snap-on Announces Third Quarter 2024 Results Exhibit 99 Diluted EPS of $4.70 represents a gain of 4.2% from Q3 2023; Operating margin before financial services of 22.0% reflects an increase of 80 basis points; Sales of $1,147.0 million compares to $1,159.3 million last year KENOSHA, Wis. — October 17, 2024 — 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 criti ...
Snap-on to Report Q3 Earnings: How is the Stock Placed Ahead?
ZACKS· 2024-10-14 17:01
Snap-on Incorporated (SNA) is likely to register bottom-line growth when it reports third-quarter 2024 earnings on Oct. 17, before the opening bell. The Zacks Consensus Estimate for revenues is $1.2 billion, which indicates a drop of 0.3% from the year-ago quarter's level. The consensus estimate for quarterly earnings has been stable over the past 30 days at $4.58 per share and indicates an increase of 1.6% from the year-earlier quarter's tally. The company has an average trailing four-quarter earnings surp ...
What Analyst Projections for Key Metrics Reveal About Snap-On (SNA) Q3 Earnings
ZACKS· 2024-10-14 14:22
The upcoming report from Snap-On (SNA) is expected to reveal quarterly earnings of $4.58 per share, indicating an increase of 1.6% compared to the year-ago period. Analysts forecast revenues of $1.16 billion, representing a decrease of 0.3% year over year. The current level reflects no revision in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period. Before a company re ...
Snap-on's Growth Strategies & Business Model Aid: What's Next?
ZACKS· 2024-10-07 18:55
Snap-on Incorporated (SNA) has been progressing well in its strategic efforts. The company has been enhancing the franchise network, improving relationships with repair shop owners and managers, and expanding into critical industries in emerging markets. Management's emphasis on the Rapid Continuous Improvement (RCI) process has been on track. SNA's Growth Efforts on Track The RCI process is aimed at enhancing organizational effectiveness, reducing costs and boosting sales and margins. Savings from this ini ...
SNA's Value-Creation & RCI Processes on Track: How to Play Ahead?
ZACKS· 2024-08-29 16:11
Snap-on Inc. (SNA) has been benefiting from its strong business model that facilitates progress on its valuecreation processes to ensure enhanced safety, service quality, customer satisfaction and innovation. The company's growth strategy focuses on three key areas: enhancing its franchise network, improving relationships with repair shop owners and managers, and expanding into critical industries in emerging markets. Additionally, Snap-on is dedicated to various strategic principles and processes, such as ...
Snap-On (SNA) Reliance on International Sales: What Investors Need to Know
ZACKS· 2024-07-22 14:16
Have you looked into how Snap-On (SNA) performed internationally during the quarter ending June 2024? Considering the widespread global presence of this tool and diagnostic equipment maker, examining the trends in international revenues is essential for assessing its financial resilience and prospects for growth. Being present in foreign markets serves as protection against local economic declines and helps benefit from more rapidly expanding economies. Yet, such expansion also introduces challenges related ...