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 (NYSE: SNA) is an S&P 500 company that describes itself as a global innovator, manufacturer, and marketer of tools, equipment, diagnostics, repair information and systems solutions for professional users performing critical tasks. These users include technicians in vehicle repair, as well as professionals in aerospace, the military, natural resources, and manufacturing. Snap-on is headquartered in Kenosha, Wisconsin and traces its history back to its founding in 1920.
The Snap-on news feed on this page focuses on company announcements that matter to investors and industry followers. Typical items include quarterly and annual financial results, updates on segment performance across tools, repair systems and information, and financial services, as well as information about dividend declarations and changes to the quarterly dividend. Snap-on also regularly issues news about investor conference presentations and webcasts related to its earnings releases.
Because Snap-on highlights its role in serving professional users and critical industries, its news often discusses trends in vehicle repair activity, demand from OEM dealerships and independent repair shop owners and managers, and developments in critical industry markets. The company’s communications also describe its financing programs that support product sales and its franchise business.
Investors and observers can use this news page to follow Snap-on’s reported sales trends, earnings releases, dividend history, and scheduled investor events, all based on the company’s own public announcements.
Snap-on (NYSE: SNA) has announced its participation in two major investor conferences in May 2025. The company will present at the Oppenheimer Industrial Growth Conference on May 7 at 10:30 a.m. Eastern, followed by a presentation at the Bank of America Industrials, Transportation and Airlines Key Leaders Conference on May 13 at 2:10 p.m. Eastern.
Both presentations will be accessible through live audio webcasts on the Investor Events page of the Snap-on website. Interested parties can find the webcasts at snapon.com/EN/Investors/Investor-Events. Archives of both presentations will remain available on the same platform 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 June 10, 2025, to shareholders of record as of May 20, 2025. Notably, the company has maintained an impressive track record of paying consecutive quarterly cash dividends without any interruption or reduction since 1939, demonstrating long-term financial stability and commitment to shareholder returns.
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.