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Snap-on Incorporated - SNA STOCK NEWS

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.

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Snap-on Incorporated (SNA) to host live webcast of its 2024 Annual Meeting of Shareholders on April 25, 2024. The event will start at 10:00 a.m. Central Time and can be accessed on the Snap-on website. The presentation will be archived for ninety days.
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Snap-on Incorporated (SNA) will announce its 2024 first quarter results on April 18, 2024, followed by a conference call. The call will be webcast live, and the results can be accessed on the Snap-on website.
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Snap-on Incorporated (SNA) Chairman and CEO to present at two investor conferences, with live webcasts and archived replays available.
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Snap-on Incorporated (SNA) announces a quarterly common stock dividend of $1.86 per share, continuing its tradition of uninterrupted dividends since 1939.
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Snap-on Incorporated (NYSE: SNA) reported strong financial results for the fourth quarter and full year of 2023. The company experienced a 3.5% increase in sales, reaching $1,196.6 million in the fourth quarter, with a 2.2% organic gain. Operating margin before financial services was 21.6%, up from 21.5% in Q4 2022. Diluted EPS for the quarter was $4.75, representing a 7.5% gain from the previous year. Full-year net sales of $4,730.2 million in 2023 represented a 5.3% increase from 2022 levels, with a 5.6% organic gain. Net earnings for the full year were $1,011.1 million, with diluted earnings per share of $18.76, an 11.5% increase from 2022.
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Snap-on Incorporated (NYSE: SNA) will release its 2023 fourth quarter and full year results on February 8, 2024. The conference call to discuss the results will be held at 10:00 a.m. ET on the same day. The call audio and slides will be webcast live via the Internet. An archived replay will be available on the website for at least one week following the call.
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Snap-on Incorporated (NYSE: SNA) has acquired Mountz, Inc. for approximately $40 million in cash on November 1, 2023. Mountz is a leading developer, manufacturer, and marketer of high-precision torque tools, including measurement, calibration, and documentation products. This acquisition expands Snap-on's torque offerings to customers in critical industries such as aerospace, transportation, and advanced manufacturing.
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Snap-on Incorporated (NYSE: SNA) has announced a quarterly common stock dividend increase to $1.86 per share, representing a 14.8% increase from the previous dividend. The dividend will be payable on December 11, 2023, to shareholders of record as of November 21, 2023.
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Snap-on Incorporated reports Q3 2023 operating results with net sales of $1,159.3 million, representing a 5.2% increase from 2022 levels. Diluted EPS is $4.51, an 8.9% gain from Q3 2022.
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Snap-on Incorporated to release 2023 Q3 results on October 19, 2023.
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FAQ

What is the current stock price of Snap-on Incorporated (SNA)?

The current stock price of Snap-on Incorporated (SNA) is $357.77 as of December 6, 2024.

What is the market cap of Snap-on Incorporated (SNA)?

The market cap of Snap-on Incorporated (SNA) is approximately 19.0B.

What does Snap-on Incorporated specialize in?

Snap-on specializes in the innovation, manufacturing, and marketing of tools, equipment, diagnostics, repair information, and system solutions for professional users.

What industries does Snap-on serve?

Snap-on serves various industries including aviation and aerospace, agriculture, construction, government and military, mining, natural resources, power generation, and technical education.

How does Snap-on distribute its products?

Snap-on distributes its products through a franchisee-operated mobile van network, company-direct sales, distributors, and internet channels.

What are the primary segments Snap-on operates in?

Snap-on operates in three primary segments: repair systems and information, commercial and industrial, and tools.

When was Snap-on founded?

Snap-on was founded in 1920.

Where is Snap-on headquartered?

Snap-on is headquartered in Kenosha, Wisconsin.

What is unique about Snap-on's franchisee model?

Snap-on's franchisees invest in mobile vans, inventories, and software, and extend personal credit to technicians, allowing them to reach auto technicians who purchase tools at their own expense.

Does Snap-on offer financing solutions?

Yes, Snap-on's finance arm provides various financing programs, including loans and leases, to support franchisees.

How does Snap-on ensure product quality and innovation?

Snap-on invests in research and development to continually innovate and maintain high-quality standards for its products.

Is Snap-on an S&P 500 company?

Yes, Snap-on is a member of the S&P 500.

Snap-on Incorporated

NYSE:SNA

SNA Rankings

SNA Stock Data

18.97B
51.41M
2.07%
94.42%
5.32%
Tools & Accessories
Cutlery, Handtools & General Hardware
Link
United States of America
KENOSHA