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 Inc (NYSE: SNA) is a global innovator in premium tools, diagnostic equipment, and repair solutions serving professional technicians across automotive and industrial sectors. This news hub provides investors and industry stakeholders with centralized access to official announcements and strategic developments.
Track Snap-On's latest earnings reports, product innovations, and partnership announcements through verified press releases. Our curated collection focuses on operational milestones including advancements in diagnostic technologies, franchise network expansions, and financial performance updates.
Key news categories include quarterly financial results, new product launches, strategic collaborations, and industry recognition. Discover updates about Snap-On's mobile van network operations, specialty tool developments, and initiatives supporting professional repair technicians worldwide.
Bookmark this page for ongoing access to Snap-On's corporate communications. Check back regularly for essential updates impacting the company's position in professional tool manufacturing and vehicle repair ecosystems.
Snap-on Incorporated (NYSE: SNA) has announced that it will release its 2023 second quarter and six-month results before the market opens on Thursday, July 20, 2023. The company will host a conference call to discuss the results at 10:00 a.m. ET on the same day. The call will be webcast live on the Internet, including audio and accompanying slides.
Interested parties can access the webcast by visiting https://www.snapon.com/EN/Investors/Investor-Events and clicking on the webcast link. The quarterly release and presentation slides will be available for download under the Downloads tab in the webcast viewer and on the Snap-on website. An archived replay of the webcast will be accessible on the website for at least one week following the call.
Snap-on reported first-quarter 2023 net sales of $1,183.0 million, showing a 7.8% increase from Q1 2022. Organic sales rose by 10.2%, despite a $24.0 million negative impact from foreign currency translation. Operating earnings before financial services reached $259.8 million, translating to an operating margin of 22.0%, up 170 basis points. Diluted EPS was $4.60, a 15.0% increase year-over-year. Financial services revenue grew to $92.6 million, with a dip in operating earnings to $66.3 million. The company plans approximately $100 million in capital expenditures for 2023. Overall, Snap-on demonstrates resilience and growth potential across its key markets.
Snap-on Incorporated (NYSE: SNA) will host its 2023 Annual Meeting of Shareholders via webcast on April 27, 2023, starting at 10:00 a.m. Central. Interested participants can access the event by visiting the Snap-on Investor Events page. An archived version of the presentation will be available for at least ninety days on the company’s official website.
Established in 1920 and located in Kenosha, Wisconsin, Snap-on is a leading manufacturer and marketer of tools and equipment for various industries including vehicle repair and aerospace. The company reported $4.5 billion in sales for 2022 and is regarded as an S&P 500 entity. More information can be found on the company website.
Snap-on Incorporated (NYSE: SNA) will release its 2023 first quarter results on April 20, 2023, before market open. A conference call is scheduled for 10:00 a.m. ET on the same day to discuss the results. The call will be accessible via live webcast, along with accompanying slides.
Snap-on, a global leader in tool manufacturing, diagnostics, and repair information, reported sales of $4.5 billion in 2022 and continues to serve various critical sectors including vehicle repair and aerospace. The company operates through a network of franchisee vans and direct distributors.
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