Welcome to our dedicated page for Snap-On news (Ticker: SNA), a resource for investors and traders seeking the latest updates and insights on Snap-On stock.
Snap-on Incorporated (symbol: SNA) is a leading global innovator, manufacturer, and marketer of tools, equipment, diagnostics, repair information, and system solutions for professional users performing critical tasks. Founded in 1920 and headquartered in Kenosha, Wisconsin, Snap-on has grown into a $3.4 billion S&P 500 company. This multinational corporation specializes in crafting hand and power tools, tool storage solutions, and diagnostics software. Their offerings also include information and management systems, shop equipment, and other solutions for vehicle dealerships and repair centers. In addition to the automotive sector, Snap-on serves a diverse range of industries, including aviation and aerospace, agriculture, construction, government and military, mining, natural resources, power generation, and technical education.
Snap-on's products are distributed through multiple channels, including a franchisee-operated network of mobile vans, company-direct sales, distributors, and the internet. The franchisee model is unique; franchisees invest in mobile vans, inventories, and software, and extend personal credit to technicians. This approach allows Snap-on to reach auto technicians who purchase tools at their own expense.
The company operates through three primary segments: repair systems and information, commercial and industrial, and tools. Their finance arm provides financial solutions to support franchisees, offering loans and leases for mobile vans and other operational needs.
Over recent years, Snap-on has achieved significant milestones, including advancements in their diagnostics software and the expansion of their product line to meet evolving industry demands. Their commitment to innovation and quality has solidified their reputation as a trusted name in professional tools and equipment.
Financially, Snap-on remains robust, continuing to invest in research and development to maintain their competitive edge. The company's strategic partnerships and continued focus on customer satisfaction drive their sustained growth and industry leadership.
Snap-on Incorporated (NYSE: SNA) will release its 2023 first quarter results on April 20, 2023, before market open. A conference call is scheduled for 10:00 a.m. ET on the same day to discuss the results. The call will be accessible via live webcast, along with accompanying slides.
Snap-on, a global leader in tool manufacturing, diagnostics, and repair information, reported sales of $4.5 billion in 2022 and continues to serve various critical sectors including vehicle repair and aerospace. The company operates through a network of franchisee vans and direct distributors.
For more details, visit www.snapon.com.
Snap-on Incorporated (NYSE: SNA) will present at the BofA Securities 2023 Consumer & Retail Conference on March 14, 2023, at 10:30 AM ET. The live audio webcast can be accessed here or through Snap-on's Investor Events page. An archived replay will be available post-event. Founded in 1920, Snap-on is a premier global innovator in tools, equipment, and systems solutions, generating $4.5 billion in sales in 2022. Headquartered in Kenosha, Wisconsin, the company serves various professional sectors and offers financing programs to support franchise operations.
Snap-on Incorporated (NYSE: SNA) has declared a quarterly cash dividend of $1.62 per share, payable on March 10, 2023, to shareholders of record on February 23, 2023. The company has consistently paid dividends since 1939, reinforcing its commitment to returning value to shareholders. In 2022, Snap-on reported sales of $4.5 billion and continues to be a leader in the tools and equipment industry, serving various sectors including vehicle repair and aerospace. The company operates under multiple well-known brands and provides financing programs to support its franchisees.
Snap-on reported Q4 2022 net sales of $1,155.9 million, a 4.3% increase year-over-year, with organic sales rising 8.0%. Operating margin before financial services improved to 21.5%, up 50 basis points. Diluted EPS reached $4.42, up 7.8% from Q4 2021. Full year net sales hit $4,492.8 million, a 5.7% increase, with net earnings of $911.7 million, marking a 12.7% rise in diluted EPS. For 2023, Snap-on expects capital expenditures of $90-$100 million and anticipates an effective tax rate of 23%-24%. A conference call is scheduled for February 2, 2023, at 9:00 a.m. CT.
Snap-on Incorporated (NYSE: SNA) is set to release its 2022 fourth quarter and full year results on February 2, 2023, before the market opens. A conference call will follow at 10:00 a.m. ET to discuss these results, which will be available via a live webcast. Interested parties can access the call at Snap-on Investor Events. The archived replay will be accessible for at least a week post-call. Snap-on, a leader in tools and equipment, reported sales of $4.25 billion in 2021, and is headquartered in Kenosha, Wisconsin.
Snap-on Incorporated (NYSE: SNA) announced a quarterly dividend increase to
Snap-on reported Q3 2022 sales of $1,102.5 million, a 6.2% increase from Q3 2021, with organic sales rising 10.4%. The operating margin improved 90 basis points to 20.3%, while diluted EPS reached $4.14, up 16.0% year-over-year. Financial services revenue remained stable at $87.3 million, but operating earnings declined to $66.4 million. Despite global economic uncertainties due to COVID-19 and supply chain issues, Snap-on anticipates ongoing growth opportunities across various markets, with capital expenditures projected at $90-$100 million for 2022.
Snap-on Incorporated (NYSE: SNA) will announce its 2022 third quarter results before the market opens on October 20, 2022. The company will host a conference call at 10:00 a.m. ET to discuss these results, which will be available via a live webcast on their website. Snap-on, a leader in tools and diagnostics, reported sales of $4.25 billion in 2021. The conference call can be accessed online, and a replay will be available for a week following the call.
Snap-on Incorporated (NYSE: SNA) announced a quarterly dividend of $1.42 per share, payable on September 9, 2022, to shareholders on record as of August 19, 2022. The company has maintained uninterrupted cash dividends since 1939. In 2021, Snap-on generated sales of $4.25 billion, establishing itself as a leader in tools and equipment for professional users across various industries including automotive and aerospace.
Snap-on reported Q2 2022 net sales of $1,136.6 million, marking a 5.1% increase from Q2 2021, driven by an 8.4% organic sales gain. Operating margin improved to 21.7%, up 160 basis points. Diluted EPS rose to $4.27, a 13.6% increase. The Commercial & Industrial Group and Snap-on Tools segments experienced organic sales growth of 7.6% and 9.3% respectively. Despite challenges from COVID-19 and currency fluctuations, Snap-on anticipates ongoing growth in various markets and has set capital expenditures in a range of $90 million to $100 million for the year.
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