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 Incorporated (NYSE: SNA) will present at the CL King 19th Annual Best Ideas Conference on Tuesday, September 14, 2021, at 11:00 AM Eastern Time. Investors can access the live webcast via this link or through the Investor Events page on Snap-on's website. An archived replay will be available after the event. Snap-on is a leader in tools and solutions for professional users, generating $3.6 billion in revenue and operating through various sales channels.
The Snap-on board has declared a quarterly cash dividend of $1.23 per share, scheduled for payment on September 10, 2021. Shareholders on record as of August 20, 2021 will receive this dividend. Snap-on has maintained uninterrupted dividend payments since 1939, underscoring its long-term commitment to returning value to shareholders. With a strong presence in various industries, Snap-on is recognized for its innovative tools and solutions, contributing to its status as a $3.6 billion S&P 500 company.
Snap-on reported impressive second quarter 2021 results, with net sales reaching $1,081.4 million, marking a 49.3% increase from 2020 levels. Organic sales accounted for $316.9 million of this growth. Operating earnings before financial services surged to $217.1 million, or 20.1% of sales, compared to 12.6% in 2020. Net earnings were $208.0 million, equating to $3.76 per diluted share, significantly up from $1.85 per share last year. The company remains optimistic about its growth trajectory despite ongoing pandemic uncertainties, focusing on capital expenditures between $90 million to $100 million for 2021.
Snap-on will announce its 2021 second quarter and six-month results on July 22, 2021, before the market opens. A conference call will take place at 10:00 a.m. ET, with audio and slides available via a live webcast. Interested parties can access the call through Snap-on's investor events page. The quarterly release and accompanying slides will also be accessible on their website, with an archived replay available for one week post-call. Founded in 1920, Snap-on is a global leader in manufacturing tools and solutions, with a revenue of $3.6 billion.
Snap-on is set to present at the Oppenheimer 16th Annual Industrial Growth Conference on May 5, 2021, at 10:30 AM Eastern Time. Investors can access the live webcast at this link or through the Snap-on Investor Events page. Following the event, an archived replay will be available. Founded in 1920, Snap-on is a global leader in manufacturing tools and equipment, servicing various industries, and reported revenues of $3.6 billion.
Snap-on Incorporated (NYSE: SNA) announced a quarterly dividend of $1.23 per share, payable on June 10, 2021, to shareholders of record on May 21, 2021. The company has maintained uninterrupted quarterly cash dividends since 1939. With a rich history since its founding in 1920, Snap-on is a leading provider of tools and equipment across various industries, boasting a revenue of $3.6 billion and a presence in the S&P 500.
Snap-on reported strong first-quarter 2021 results, with net sales of $1,024.6 million, a 20.2% increase from 2020. Organic sales rose by 16.3%, alongside contributions from acquisitions and favorable currency translation. Operating earnings before financial services reached $200.9 million (19.6% of sales), up from 16.3% the previous year. Net earnings improved to $192.6 million or $3.50 per diluted share. The company also completed the acquisition of Dealer-FX Group, enhancing its market position. Looking ahead, Snap-on plans capital expenditures of $90 million to $100 million in 2021.
Snap-on will announce its 2021 first quarter results on April 22, 2021, before market opening. A conference call is scheduled for 10:00 a.m. ET that same day to discuss the results, with audio and slides available via a live webcast. Those interested can access the call through the Snap-on investor events page. An archived replay will be available for one week post-call. Snap-on is a global leader in tool and equipment manufacturing, with a revenue of $3.6 billion and a diverse customer base across multiple industries, founded in 1920 in Kenosha, Wisconsin.
Snap-on Incorporated (NYSE: SNA) has acquired Dealer-FX Group for approximately $200 million in cash. Dealer-FX, based in Ontario, specializes in service operations software solutions for automotive OEM customers, enhancing dealership productivity and customer experience. This acquisition complements Snap-on's existing Repair Systems & Information segment, expanding its capabilities and market reach. With Dealer-FX's 2020 revenues of $37 million, the transaction is not expected to impact Snap-on’s earnings per share significantly in 2021. CEO Nick Pinchuk highlights the strategic importance of this acquisition.
Snap-on is set to present at the 2021 BofA Securities Consumer & Retail Technology Conference on March 10, 2021, at 3:30 PM Eastern Time. Investors can access the live audio webcast through this link or by visiting the Snap-on Investor Events page. An archived replay will be available post-event. Snap-on is a global leader in tools and equipment, boasting $3.6 billion in revenue and a wide range of products serving industries such as aviation, construction, and automotive.
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