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 ...

Snap-on Incorporated (NYSE:SNA) Q3 2023 Earnings Conference Call October 19, 2023 10:00 AM ET Company Participants Sara Verbsky - Vice President of Investor Relations Nicholas Pinchuk - Chairman and Chief Executive Officer Aldo Pagliari - Senior Vice President, Finance and Chief Financial Officer Conference Call Participants Patrick Buckley - Jefferies Gary Prestopino - Barrington Research David MacGregor - Longbow Research Christopher Glynn - Oppenheimer Scott Stember - ROTH MKM Luke Junk - Baird Operator ...

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 ...

Table of Contents 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 ...

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 ...

Sara Verbsky - VP, IR Snap-on Incorporated (NYSE:SNA) Q1 2023 Results Conference Call April 20, 2023 10:00 AM ET Nick Pinchuk - CEO Conference Call Participants Gary Prestopino - Barrington Research Scott Stember - ROTH MKM Operator I would now like to turn the conference over to your host today, Sara Verbsky, Vice President, Investor Relations. Maâam, please go ahead. Thank you, Keith, and good morning, everyone. Thank you for joining us today to review Snap-onâs first quarter results, which are detailed i ...

Financial Performance - Snap-on's consolidated net sales for 2022 reached $4,492.8 million, a 5.6% increase from $4,252.0 million in 2021[26] - Operating earnings before financial services in 2022 were $941.2 million, up $89.7 million, or 10.5%, compared to 2021, representing 20.9% of net sales[167] - Net earnings attributable to Snap-on in 2022 were $911.7 million, or $16.82 per diluted share, an increase of $91.2 million, or $1.90 per diluted share, from 2021[168] - Consolidated net sales for Snap-on in 2022 were $4,492.8 million, an increase of $240.8 million, or 5.7%, from 2021, driven by an organic gain of $357.2 million, or 8.7%[166] - Net cash provided by operating activities decreased by $291.4 million to $675.2 million in 2022, primarily due to a $354.5 million change in net operating assets and liabilities[178] - Net earnings attributable to Snap-on increased by $91.2 million, or 11.1%, to $911.7 million in 2022, equating to $16.82 per diluted share[190] - The effective income tax rate on earnings attributable to Snap-on was 22.8% in 2022, down from 23.2% in 2021[190] Sales by Product Category - The tools product category generated $2,399.4 million in sales in 2022, up from $2,343.0 million in 2021, reflecting a 2.4% growth[26] - Snap-on's diagnostics, information, and management systems sales increased to $942.4 million in 2022, compared to $892.5 million in 2021, marking a 5.6% rise[26] - The equipment product category saw sales of $1,151.0 million in 2022, up from $1,016.5 million in 2021, representing a 13.2% increase[26] - Approximately 43% of Snap-on's consolidated net revenues in 2022 were generated by the Snap-on Tools Group, primarily serving vehicle service and repair technicians[77] - The Commercial & Industrial Group reported net sales of $1,399.2 million in 2022, a decrease of $7.1 million, or 0.5%, from 2021, despite a 4.5% organic sales increase[170] - The Snap-on Tools Group achieved net sales of $2,072.0 million in 2022, an increase of $133.4 million, or 6.9%, with an organic sales gain of 8.5%[171] - The Repair Systems & Information Group's net sales were $1,666.9 million in 2022, reflecting a 10.9% increase from 2021, driven by a 12.8% organic sales increase[173] Market Presence and Strategy - Snap-on operates in over 130 countries, with significant markets in the United States, Europe, Canada, and Asia Pacific[17] - The company has implemented a "coherent growth" strategy to expand its professional customer base in both legacy automotive and adjacent markets[18] - Snap-on's recent acquisitions have enhanced its capabilities in critical industries and improved service offerings for independent repair shops and OEM dealerships[24] - Snap-on's industrial sales are primarily focused in the United States, which represents the majority of its total industrial sales[48] - Snap-on's revenues from international operations accounted for approximately 28% of total revenues in 2022, highlighting the importance of non-U.S. markets for future growth[84] Innovation and Development - The company emphasizes continuous improvement through its "Value Creation Processes," focusing on safety, quality, customer connection, innovation, and rapid continuous improvement[18] - The company emphasizes the need for continuous product innovation, as sales from new products are expected to represent a significant portion of future net sales[80] - Snap-on has been actively working to expand its supplier base to ensure the availability of raw materials, particularly steel, which is critical for its manufacturing processes[90] - Snap-on's sustainability framework aligns with the standards of the Value Reporting Foundation, focusing on energy management and employee health and safety[69] Financial Services - Snap-on's Financial Services segment provides financing options for franchisees and customers, contributing to overall revenue growth[32] - Financial services revenue remained stable at $349.7 million in 2022, unchanged from 2021[182] - Snap-on's financing options for U.S. franchisees include van leases and working capital loans, supporting franchisee growth[45] Corporate Responsibility and Sustainability - The company is committed to social responsibility and sustainability, having supported over 250,000 students in earning Snap-on certifications[66] - In 2022, Snap-on reported total greenhouse gas emissions of 101,805 metric tons of CO2e, achieving an intensity of 22.7 metric tons of CO2e per million in net sales, which is over 40% lower than in 2008[68] - The company has adopted policies to eliminate human trafficking and forced labor from its global supply chain, demonstrating a commitment to human rights[12] Workforce and Diversity - Snap-on employed approximately 12,900 people worldwide as of December 31, 2022, with 26.0% of the U.S. workforce being female and 23.5% being minorities[64] - The company has instituted company-wide training on inclusion and unconscious bias to advance diversity and inclusion efforts[12] Risks and Challenges - The company is subject to currency exchange risks, as certain assets and revenues are denominated in currencies other than the U.S. dollar, which could impact financial results[106] - The company faces risks related to the integration of acquired businesses, which could disrupt operations and adversely affect financial condition[98] - The ongoing COVID-19 pandemic poses risks to the company's operations, potentially reducing sales and margins[129] - Economic conditions and global events, such as the war in Ukraine, could negatively affect consumer confidence and spending, impacting sales and margins[131] Shareholder Information - Snap-on had 53,002,580 shares of common stock outstanding as of the end of 2022, with 4,113 registered holders[138] - During Q4 2022, Snap-on repurchased a total of 284,000 shares at an average price of $229.66 per share[140] - The approximate value of shares that may yet be purchased under the company's repurchase plans is $362.4 million as of December 31, 2022[141]