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 ...

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 ...

It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors. Luckily, Zacks Premium offers several different ways to do both. What are the Zacks Style Scores? The Style Scores are broken down into four categories: Growth Score Momentum trading is all about taking advantage of upward or downward trends in a stock's price or earnings outlook, and these investors live by the saying "the trend is your friend." The Momentum ...

Getting big returns from financial portfolios, whether through stocks, bonds, ETFs, other securities, or a combination of all, is an investor's dream. But for income investors, generating consistent cash flow from each of your liquid investments is your primary focus. Cash flow can come from bond interest, interest from other types of investments, and of course, dividends. A dividend is that coveted distribution of a company's earnings paid out to shareholders, and investors often view it by its dividend yi ...

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 ...

Snap-On in Focus Getting big returns from financial portfolios, whether through stocks, bonds, ETFs, other securities, or a combination of all, is an investor's dream. But when you're an income investor, your primary focus is generating consistent cash flow from each of your liquid investments. Cash flow can come from bond interest, interest from other types of investments, and of course, dividends. A dividend is the distribution of a company's earnings paid out to shareholders; it's often viewed by its div ...

Core Insights - Zacks Premium provides tools and resources to help investors make informed decisions and invest confidently in the stock market [1][2] Zacks Style Scores - Zacks Style Scores rate stocks based on value, growth, and momentum characteristics, serving as complementary indicators to the Zacks Rank [3][4] - Each stock is assigned a rating from A to F, with A indicating the highest potential for outperforming the market [4] Value Score - The Value Style Score focuses on identifying undervalued stocks using financial ratios such as P/E, PEG, and Price/Sales [4] Growth Score - The Growth Style Score emphasizes a company's financial health and future growth potential, analyzing projected and historical earnings, sales, and cash flow [5] Momentum Score - The Momentum Style Score helps investors capitalize on price trends by evaluating recent price changes and earnings estimate revisions [6] VGM Score - The VGM Score combines the three Style Scores, providing a comprehensive rating based on value, growth, and momentum [7] Zacks Rank - The Zacks Rank is a proprietary model that uses earnings estimate revisions to guide investors in stock selection [8] - Stocks rated 1 (Strong Buy) have historically produced an average annual return of +25.41% since 1988, significantly outperforming the S&P 500 [9] Stock to Watch: Snap-On (SNA) - Snap-On Incorporated is a global provider of professional tools and equipment, currently rated 3 (Hold) with a VGM Score of B [13] - The company has a Growth Style Score of A, with a projected year-over-year earnings growth of 2.4% for the current fiscal year [14] - Recent upward revisions in earnings estimates have increased the Zacks Consensus Estimate to $19.21 per share, with an average earnings surprise of 3.8% [14]

Snap-on offers steady growth, top-tier profitability, and an attractive dividend at a discounted valuation. Founded 103 years ago, Snap-on (SNA -1.16%) has grown to become a vertically integrated behemoth selling tools, equipment, diagnostics, and repair solutions, primarily to automotive and industrial shops. The mission-critical nature of Snap-on's tools and its leadership position within its niche have combined to deliver total returns of around 11,500% since its initial public offering in 1972. The comp ...