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 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.
The Snap-on board has declared a quarterly dividend of $1.23 per share, scheduled for payment on March 10, 2021, to shareholders recorded by February 23, 2021. This marks a continued trend of uninterrupted quarterly cash dividends since 1939.
Snap-on, a prominent innovator and manufacturer of tools and diagnostics, operates across various industries including automotive, aviation, and agriculture. With a market capitalization of $3.6 billion, the company sells through multiple channels, reinforcing its position in the S&P 500.
Snap-on reported a strong fourth quarter and full year 2020 performance despite the COVID-19 pandemic. Fourth quarter net sales were $1,074.4 million, a 12.5% increase year-over-year, driven by organic sales growth of 10.6%. Operating earnings before financial services increased to $216.2 million, or 20.1% of sales. However, full-year net sales declined by 3.7% to $3,592.5 million, primarily due to decreased activity earlier in the year. Net earnings for the fourth quarter were $208.9 million or $3.82 per diluted share. The company anticipates capital expenditures of $90-100 million in 2021.
Snap-on Incorporated (NYSE: SNA) will announce its 2020 fourth quarter and full year results on February 4, 2021, before market opening. A conference call is scheduled for 10:00 a.m. ET to discuss the results, available via live webcast. Interested parties can access the call at www.snapon.com/EN/Investors/Investor-Events. The call's archived replay will be available on the website for at least one week. Snap-on specializes in tools and diagnostic solutions across various industries, generating $3.7 billion in revenue.
Snap-on announced a quarterly dividend of $1.23 per share, payable on December 10, 2020, reflecting a 13.9% increase from the prior dividend of $1.08. This marks the company's eleventh consecutive annual dividend increase since 1939, underscoring its financial strength and commitment to shareholder value. CEO Nick Pinchuk highlighted the firm's robust cash generation capabilities and strategic focus on growth through investments and acquisitions, reinforcing their favorable outlook for the future.
Snap-on Incorporated (NYSE: SNA) will present at the Gabelli 44th Annual Automotive Aftermarket Symposium on November 2, 2020, at 9:30 AM ET. The live webcast can be accessed here or through the Snap-on Investor Events page. An archived replay will be available for 90 days post-event. Snap-on, founded in 1920, is a leading innovator in tools and systems solutions, with a revenue of $3.7 billion, serving various industries including aviation, construction, and automotive.
Snap-on reported third-quarter 2020 net sales of $941.6 million, a 4.4% increase from 2019, driven by a 3.8% organic sales gain. Operating earnings rose 10.7% to $185.7 million, despite $1.5 million in COVID-19-related costs. Financial services revenue increased to $85.8 million, with operating earnings of $65.6 million. The Commercial & Industrial Group saw a decline of 8.6% in organic sales, while the Snap-on Tools Group experienced a 16.2% increase. Snap-on maintains a focus on growth despite uncertainties due to COVID-19.
Snap-on Incorporated (NYSE: SNA) will announce its 2020 third quarter results before the market opens on October 22, 2020. A conference call is scheduled for 10:00 a.m. ET to discuss these results, with a live audio webcast available on Snap-on's investor events page. The quarter's results, along with accompanying slides, will also be accessible via the Snap-on website. An archived replay will be provided for at least one week following the call. Established in 1920, Snap-on is a $3.7 billion leader in tool manufacturing and services.
FAQ
What is the current stock price of Snap-On (SNA)?
What is the market cap of Snap-On (SNA)?
What does Snap-on Incorporated specialize in?
What industries does Snap-on serve?
How does Snap-on distribute its products?
What are the primary segments Snap-on operates in?
When was Snap-on founded?
Where is Snap-on headquartered?
What is unique about Snap-on's franchisee model?
Does Snap-on offer financing solutions?
How does Snap-on ensure product quality and innovation?
Is Snap-on an S&P 500 company?
