Snap-On Inc - SNA STOCK NEWS

Snap-on (NYSE: SNA) reported mixed Q1 2025 results with net sales of $1,141.1 million, down 3.5% from 2024, reflecting a 2.3% organic decline. Diluted EPS decreased to $4.51 from $4.91 year-over-year.

The company's performance was impacted by heightened macroeconomic uncertainty, particularly affecting the Tools Group segment, which saw a 6.8% organic sales decline. However, the Repair Systems & Information Group showed strength with a 3.7% organic sales increase. Gross margin improved 20 basis points to 50.7%.

Financial services revenue increased to $102.1 million from $99.6 million, while operating earnings reached $70.3 million compared to $68.3 million last year. The company maintains its 2025 effective tax rate guidance of 22-23% and projects capital expenditures of approximately $100 million.

Snap-on (NYSE: SNA) has announced plans to host its 2025 Annual Meeting of Shareholders via webcast on Thursday, April 24, 2025, starting at 10:00 a.m. Central time.

Shareholders and interested parties can access the live webcast through the company's investor relations website at snapon.com/EN/Investors/Investor-Events. The recorded presentation will remain accessible on snapon.com for a minimum of 90 days following the event.

Snap-on (NYSE: SNA) has announced it will release its 2025 first quarter results before the market opens on Thursday, April 17, 2025. The company will host a conference call at 10:00 a.m. ET on the same day to discuss the results.

The conference call will include an audio presentation and accompanying slides, which will be webcast live through the company's investor relations website. Interested parties can access the webcast through https://www.snapon.com/EN/Investors/Investor-Events. The quarterly release and presentation slides will be available for download during the webcast, and an archived replay will remain accessible on the website for at least one week after the call.

Snap-on (NYSE: SNA) has announced upcoming presentations at two major investor conferences. Chairman and CEO Nick Pinchuk and CFO Aldo Pagliari will represent the company at:

• The 37th Annual Roth Conference in California on March 17, 2025, at 10:30 AM Pacific Time
• The 2025 Bank of America Global Industrials Conference in London on March 18, 2025, at 11:40 AM Eastern Time

Both presentations will be available via live audio webcasts on Snap-on's website Investor Events page. Archived replays will remain accessible for approximately 90 days after the events.

Snap-on (NYSE: SNA) has announced its board of directors has declared a quarterly dividend of $2.14 per share. The dividend will be payable on March 10, 2025, to shareholders of record as of February 24, 2025. The company highlighted its remarkable track record of paying consecutive quarterly cash dividends without any interruption or reduction since 1939, demonstrating a long-standing commitment to shareholder returns.

Snap-on (NYSE: SNA) reported Q4 2024 results with net sales of $1,198.7 million, a slight increase of 0.2% from 2023. The quarter's diluted EPS reached $4.82, up from $4.75 in Q4 2023, while operating margin before financial services improved 50 basis points to 22.1%.

For full-year 2024, net sales decreased 0.5% to $4,707.4 million, reflecting a 0.9% organic decline. Full-year net earnings were $1,043.9 million, or $19.51 per diluted share, compared to $1,011.1 million ($18.76 per diluted share) in 2023. The 2024 results included a $17.5 million after-tax benefit from legal matter payments.

By segment, Commercial & Industrial Group saw a 3.9% organic sales increase, while Snap-on Tools Group experienced a 1.4% organic decline. The Repair Systems & Information Group reported a 1.6% organic sales gain.

Snap-on Incorporated (NYSE: SNA) has announced it will release its 2024 fourth quarter and full year results before the market opens on Thursday, February 6, 2025. The company will host a conference call at 10:00 a.m. ET on the same day to discuss the results.

The conference call will include an audio presentation and accompanying slides, which will be webcast live via the Internet. Investors can access the webcast through the company's investor relations website at snapon.com/EN/Investors/Investor-Events. The quarterly release and presentation slides will be available under the Downloads tab in the webcast viewer and on the main Snap-on website. An archived replay of the webcast will remain accessible on the website for a minimum of one week following the call.

Snap-on (NYSE: SNA) announced a 15.1% increase in its quarterly dividend to $2.14 per share, up from $1.86, payable December 10, 2024, to shareholders of record as of November 21, 2024. This marks the company's 15th consecutive annual dividend increase, maintaining an uninterrupted dividend payment streak since 1939. The company, which generated sales of $4.7 billion in 2023, emphasizes this increase reflects their strong financial position, robust cash generation, and commitment to shareholder value while supporting strategic investments and acquisitions.

Snap-on Incorporated (NYSE: SNA) reported its Q3 2024 results, showing resilience amid challenging times. Key highlights include:

- Diluted EPS of $4.70, up 4.2% from Q3 2023
- Operating margin before financial services increased 80 basis points to 22.0%
- Net sales of $1,147.0 million, down 1.1% from last year
- Organic sales decline of 1.7%
- Financial services revenue of $100.4 million, up from $94.9 million in 2023
- Net earnings of $251.1 million, compared to $243.1 million a year ago

The company maintained investments in product, brand, and people, which they believe will strengthen their advantages and drive future progress.