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 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.
Snap-on Incorporated (NYSE: SNA) has announced that it will release its 2024 third quarter results before the market opens on Thursday, October 17, 2024. The company will host a conference call to discuss the results at 10:00 a.m. ET on the same day. Investors and interested parties can access the live webcast of the call, including audio and accompanying slides, by visiting the company's website at https://www.snapon.com/EN/Investors/Investor-Events.
The quarterly release and presentation slides will be available for download under the Downloads tab in the webcast viewer and on Snap-on's website. For those unable to attend the live event, an archived replay of the webcast will be accessible on the company's website for at least one week following the call.
Snap-on Incorporated (NYSE: SNA) is set to participate in CL King's 22nd Annual Best Ideas Conference on Monday, September 16, 2024, at 10:15 AM Eastern Time / 9:15 AM Central Time. Investors and interested parties can access the live webcast through the provided link or via the Investor Events page on Snap-on's official website.
The presentation offers an opportunity for stakeholders to gain insights into Snap-on's current strategies and future outlook. Following the live event, an archived replay will be available on the company's website for 90 days, allowing those unable to attend the live session to review the presentation at their convenience.
Snap-on Incorporated (NYSE: SNA) has announced a quarterly common stock dividend of $1.86 per share, payable on September 10, 2024, to shareholders of record as of August 19, 2024. The company has maintained uninterrupted quarterly dividends since 1939. Additionally, Snap-on's board has authorized a new $500 million share repurchase program, replacing the current program with approximately $260 million remaining. This move, along with an existing program allowing repurchases equal to shares issued under equity plans, underscores Snap-on's commitment to shareholder value. CEO Nick Pinchuk emphasized the company's strong financial position and cash generation, enabling both shareholder returns and strategic investments. Snap-on, an S&P 500 company, reported sales of $4.7 billion in 2023 and is a leading innovator in professional tools and equipment.