Snap-On Inc Stock Price, News & Analysis

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.

For more details, visit www.snapon.com.

Snap-on Incorporated (NYSE: SNA) will present at the BofA Securities 2023 Consumer & Retail Conference on March 14, 2023, at 10:30 AM ET. The live audio webcast can be accessed here or through Snap-on's Investor Events page. An archived replay will be available post-event. Founded in 1920, Snap-on is a premier global innovator in tools, equipment, and systems solutions, generating $4.5 billion in sales in 2022. Headquartered in Kenosha, Wisconsin, the company serves various professional sectors and offers financing programs to support franchise operations.

Snap-on Incorporated (NYSE: SNA) has declared a quarterly cash dividend of $1.62 per share, payable on March 10, 2023, to shareholders of record on February 23, 2023. The company has consistently paid dividends since 1939, reinforcing its commitment to returning value to shareholders. In 2022, Snap-on reported sales of $4.5 billion and continues to be a leader in the tools and equipment industry, serving various sectors including vehicle repair and aerospace. The company operates under multiple well-known brands and provides financing programs to support its franchisees.

Snap-on reported Q4 2022 net sales of $1,155.9 million, a 4.3% increase year-over-year, with organic sales rising 8.0%. Operating margin before financial services improved to 21.5%, up 50 basis points. Diluted EPS reached $4.42, up 7.8% from Q4 2021. Full year net sales hit $4,492.8 million, a 5.7% increase, with net earnings of $911.7 million, marking a 12.7% rise in diluted EPS. For 2023, Snap-on expects capital expenditures of $90-$100 million and anticipates an effective tax rate of 23%-24%. A conference call is scheduled for February 2, 2023, at 9:00 a.m. CT.

Snap-on Incorporated (NYSE: SNA) is set to release its 2022 fourth quarter and full year results on February 2, 2023, before the market opens. A conference call will follow at 10:00 a.m. ET to discuss these results, which will be available via a live webcast. Interested parties can access the call at Snap-on Investor Events. The archived replay will be accessible for at least a week post-call. Snap-on, a leader in tools and equipment, reported sales of $4.25 billion in 2021, and is headquartered in Kenosha, Wisconsin.

Snap-on Incorporated (NYSE: SNA) announced a quarterly dividend increase to $1.62 per share, marking a 14.1% rise from the previous $1.42 dividend. This dividend will be payable on December 9, 2022, to shareholders of record by November 21, 2022. The increase represents the company's thirteenth consecutive annual dividend hike, affirming its commitment to shareholder value and robust cash generation since 1939.

Snap-on reported Q3 2022 sales of $1,102.5 million, a 6.2% increase from Q3 2021, with organic sales rising 10.4%. The operating margin improved 90 basis points to 20.3%, while diluted EPS reached $4.14, up 16.0% year-over-year. Financial services revenue remained stable at $87.3 million, but operating earnings declined to $66.4 million. Despite global economic uncertainties due to COVID-19 and supply chain issues, Snap-on anticipates ongoing growth opportunities across various markets, with capital expenditures projected at $90-$100 million for 2022.

Snap-on Incorporated (NYSE: SNA) will announce its 2022 third quarter results before the market opens on October 20, 2022. The company will host a conference call at 10:00 a.m. ET to discuss these results, which will be available via a live webcast on their website. Snap-on, a leader in tools and diagnostics, reported sales of $4.25 billion in 2021. The conference call can be accessed online, and a replay will be available for a week following the call.

Snap-on Incorporated (NYSE: SNA) announced a quarterly dividend of $1.42 per share, payable on September 9, 2022, to shareholders on record as of August 19, 2022. The company has maintained uninterrupted cash dividends since 1939. In 2021, Snap-on generated sales of $4.25 billion, establishing itself as a leader in tools and equipment for professional users across various industries including automotive and aerospace.