Welcome to our dedicated page for Snap-on Incorporated news (Ticker: SNA), a resource for investors and traders seeking the latest updates and insights on Snap-on Incorporated 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 reported Q1 2022 sales of $1,097.8 million, a 7.1% increase from 2021, driven by an 8.0% organic sales gain. Operating margin improved by 70 basis points to 20.3%. Diluted EPS rose 14.3% to $4.00. Financial services revenue decreased slightly to $87.7 million, with operating earnings at $70.4 million. The company expects capital expenditures of $90-$100 million in 2022 and predicts ongoing growth despite macroeconomic challenges. A conference call is scheduled for April 21, 2022.
Snap-on Incorporated (NYSE: SNA) will host a live webcast of its 2022 Annual Meeting of Shareholders on April 28, 2022, starting at 10:00 a.m. Central. To join the event, visit Snap-on's investor events page. An archived version will be accessible for at least 90 days on the company’s website.
Founded in 1920 and headquartered in Kenosha, Wisconsin, Snap-on is a leading innovator and manufacturer in the tools and equipment sector, with a revenue of $4.25 billion.
Snap-on Incorporated (NYSE: SNA) will announce its 2022 first quarter results on
Snap-on Incorporated (NYSE: SNA) is set to present at the BofA Securities 2022 Consumer and Retail Technology Conference on March 9, 2022, at 11:20 AM ET. Investors can access the live audio webcast through the provided link or via the Investor Events page on Snap-on's website. An archived replay will also be available post-event. Founded in 1920, Snap-on is a global leader in manufacturing tools and solutions for professional industries, generating approximately $4.25 billion in revenue and headquartered in Kenosha, Wisconsin.
Snap-on Incorporated (NYSE: SNA) announced a quarterly dividend of $1.42 per share, payable on March 10, 2022, for shareholders recorded on February 23, 2022. The company has consistently paid dividends without interruption since 1939. Snap-on is a leading manufacturer and marketer of tools and diagnostics, with a revenue of $4.25 billion, serving various industries globally. Its diverse product offerings and strong market presence position it well for future growth.
Snap-on reported strong fourth quarter results for 2021, achieving net sales of $1,108.3 million, representing a 3.2% increase from 2020. Operating earnings before financial services rose to $232.2 million with a margin of 21.0%, an improvement from 20.1% in the previous year. Diluted EPS reached $4.10, up 7.3% year-over-year. Full year net sales totaled $4,252.0 million, and net earnings rose to $820.5 million, or $14.92 per diluted share. Despite challenges from COVID-19 and supply chain issues, Snap-on sees continued growth prospects in 2022.
Snap-on Incorporated (NYSE: SNA) will announce its fourth quarter and full year results for 2021 on February 3, 2022, before the market opens. A conference call discussing the results is scheduled for 10:00 a.m. ET on the same day, with a live webcast available online. The results and accompanying slides will be accessible on Snap-on's website and the webcast viewer. An archived replay will be available for at least a week post-call. Founded in 1920, Snap-on is a $3.6 billion company, recognized for its tools and solutions across various sectors.
Snap-on Incorporated (NYSE: SNA) has announced a quarterly dividend of
Snap-on reported strong Q3 2021 results, with net sales of $1,037.7 million, an increase of 10.2% from Q3 2020. Diluted EPS rose 8.8% to $3.57. Compared to Q3 2019, sales surged 15.1%, driven by a 7.0% organic sales gain. Operating earnings amounted to $271.9 million, with a margin of 24.2%. Despite market challenges from COVID-19, the company anticipates continued growth in 2021 with planned capital expenditures of $90 million.
Snap-on Incorporated (NYSE: SNA) will release its 2021 third quarter results on Thursday, October 21, 2021, before the market opens. A conference call to discuss these results is scheduled for 10:00 a.m. ET on the same day, which will be available via live webcast. Interested parties can access the call through the Snap-on investor events page. Snap-on, headquartered in Kenosha, Wisconsin, is a leading manufacturer of tools and diagnostics for various industries and reported revenues of $3.6 billion.
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