The gross profit of $597.3 million decreased 1.1% year over year, while the gross margin contracted 10 basis points (bps) to 50.6%. The company's operating earnings before financial services totaled $280.3 million, up 1.2% year over year. As a percentage of sales, operating earnings before financial services expanded 50 bps to 23.8% in the quarter. Financial Services operating earnings were $70.2 million in the quarter, up 4.9% year over year. Consolidated operating earnings (including financial services) w ...

Second Quarter 2024 Snap-an Incorporated OUR MISSION BELIEFS Uncompromising Quality Passionate Customer Care Fearless Innovation Rapid Continuous Improvement Quarterly Financial Review Q2-2024 Quarterly Review © 2024 Snap-on Incorporated Who We Are The most valued productivity solutions in the world We deeply believe in: Non-negotiable Product and Workplace Safety VALUES Our behaviors define our success: We demonstrate Integrity. We tell the Truth. We respect the Individual. We promote Teamwork. We Listen. ...

I would now like to turn the conference over to Sara Verbsky, Vice President Investor Relations. Please go ahead. Finally, this presentation includes non-GAAP measures financial performance which are not meant to be considered in isolation or as a substitute for their GAAP counterparts. Additional information regarding these measures is included in our earnings release issued today which can be found on our website. Thanks, Sara. Good morning, everybody. As usual, I'll start with the highlights of our secon ...

This quarterly report represents an earnings surprise of -0.61%. A quarter ago, it was expected that this tool and diagnostic equipment maker would post earnings of $4.66 per share when it actually produced earnings of $4.75, delivering a surprise of 1.93%. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. While Snap-On has underperformed the market so far this ...

Snap-on Announces Second Quarter 2024 Results KENOSHA, Wis. — July 18, 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 critical tasks, today announced operating results for the second quarter of 2024. • Operating earnings before financial services for the quarter of $280.3 million compared to $277.0 million in 2023. As a percentage of net sales, operatin ...

The Zacks Consensus Estimate for quarterly earnings is pegged at $4.94 per share, suggesting growth of 1.02% from the year-ago quarter's reported figure. The consensus mark has been unchanged in the past 30 days. The consensus estimate for quarterly revenues is pegged at $1.2 billion, indicating a rise of 0.5% from the year-ago quarter's actual. Snap-on has been benefiting from a continued positive business momentum and contributions from the company's Value Creation plan. The company's business model is fo ...

Snap-on Incorporated (SNA) is in good shape, thanks to its solid business strategies. The company's growth strategies have been progressing well. It is focused on enhancing the franchise network, improving relationships with repair shop owners and managers, and expanding into critical industries in emerging markets. The Rapid Continuous Improvement ("RCI") process is on track. The RCI process is aimed at enhancing organizational effectiveness, reducing costs, and boosting sales and margins. Savings from thi ...

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Snap-on Incorporated (SNA) appears well-poised for growth, thanks to its solid business strategies. The company is focused on growth strategies, including enhancing the franchise network, improving relationships with repair shop owners and managers, and expanding into critical industries in emerging markets. Analysts seem optimistic about the company. The Zacks Consensus Estimate for 2024 sales and earnings per share (EPS) is pegged at $4.85 billion and $19.21, respectively, indicating year-over-year growth ...