Snap-on Inc. (SNA) has reported mixed fourth-quarter 2023 results, wherein earnings beat the Zacks Consensus Estimate, while sales missed. However, sales and earnings advanced year over year. Results have benefited from the continued positive business momentum and contributions from its Value Creation plan.Snap-on’s earnings of $4.75 per share in fourth-quarter 2023 surpassed the Zacks Consensus Estimate of $4.46. The figure also improved 7.5% from earnings of $4.42 in the prior-year quarter.Net sales of th ...

Snap-On (SNA) reported $1.2 billion in revenue for the quarter ended December 2023, representing a year-over-year increase of 3.5%. EPS of $4.75 for the same period compares to $4.42 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $1.2 billion, representing a surprise of -0.66%. The company delivered an EPS surprise of +2.59%, with the consensus EPS estimate being $4.63.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how the ...

Snap-on Incorporated (SNA) is slated to release fourth-quarter 2023 results on Feb 8, before market open. The company is likely to record top and bottom-line growth when it posts fourth-quarter results.The Zacks Consensus Estimate for fourth-quarter earnings is pegged at $4.63 per share, indicating growth of 4.8% from the year-ago quarter’s reported figure. The consensus mark has remained unchanged in the past 30 days. The consensus estimate for quarterly revenues is pegged at $1.20 billion, indicating a ri ...

KENOSHA, Wis.--(BUSINESS WIRE)--Snap-on Incorporated (NYSE: SNA) will release 2023 fourth quarter and full year results prior to the market open on Thursday, February 8, 2024. A conference call to discuss the results will be held at 10:00 a.m. ET on that day. The conference call audio and accompanying slides will be webcast live via the Internet. To access the call, visit https://www.snapon.com/EN/Investors/Investor-Events and click on the link to the webcast. The quarterly release and slides that will acc ...

Snap-on Incorporated (SNA) has been in good strides driven by solid market positioning and positive near-term prospects, underpinned by innovative products, a resilient franchise network and robust financial performance. Continued positive business momentum and contributions from its Value Creation plan have been key drivers.SNA is on track with its Rapid Continuous Improvement (“RCI”) process and other cost-reduction initiatives. Higher sales volume, pricing actions, lower material and other costs, as well ...

Mr_Twister/iStock via Getty Images In the spring of 2022, I believed it was time to snap a position in the case of Snap-on Incorporated (NYSE:SNA). Shares were trading rather stagnant at the time, while the company has seen continued growth, reducing expectations along the way, all while the state of the balance sheet has improved a great deal already. All of this looked quite compelling, with the valuation, track record and long-term positioning being compelling enough to hold a position. As it turned ...

Thank you. And our next question today comes from Scott Stember with Roth MKM. Please go ahead. Hey Scott. Yeah. Look, I think the big the big cohonent this month was hand tools, just not last quarter, it was hand tools sold very well in the quarter. And so that, that was pretty strong. Diagnostics was off certainly after three good quarters and they didn't have a new installation here. And power tools was down somewhat because the stubby wasn't launched for sale until after the SFC. Got it. And as far as t ...

Quarterly Financial Review Third Quarter 2023 Who We Are The most valued productivity solutions in the world We deeply believe in: Uncompromising Quality Passionate Customer Care Fearless Innovation Rapid Continuous Improvement Our behaviors define our success: We promote Teamwork. We Listen. To be acknowledged as the: Business Partner of Choice Investment of Choice ▪ These slides should be read in conjunction with comments from the October 19, 2023 conference call. The financial statement information inclu ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark one) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 1-7724 Snap-on Incorporated (Exact name of registrant as specified in its charter) Delaware 39-0622040 (State of incorporation) ...

Sara Verbsky - Vice President of Investor Relations I would now like to turn the conference over to Sara Verbsky, Vice President of Investor Relations. Please go ahead, ma'am. Now let's talk about the earnings. OpCo operating income for the quarter, including the effects of unfavorable foreign currency was $277 million, up 12.3%. And our OpCo operating margin, the operating margin -- it was 23.3%, up 160 basis points from last year, BAFO. When I said new levels, I mean it. Now on to the Tools Group. Organic ...