Snap-On Inc Stock Price, News & Analysis

Snap-on reported strong fourth quarter results for 2021, achieving net sales of $1,108.3 million, representing a 3.2% increase from 2020. Operating earnings before financial services rose to $232.2 million with a margin of 21.0%, an improvement from 20.1% in the previous year. Diluted EPS reached $4.10, up 7.3% year-over-year. Full year net sales totaled $4,252.0 million, and net earnings rose to $820.5 million, or $14.92 per diluted share. Despite challenges from COVID-19 and supply chain issues, Snap-on sees continued growth prospects in 2022.

Snap-on Incorporated (NYSE: SNA) will announce its fourth quarter and full year results for 2021 on February 3, 2022, before the market opens. A conference call discussing the results is scheduled for 10:00 a.m. ET on the same day, with a live webcast available online. The results and accompanying slides will be accessible on Snap-on's website and the webcast viewer. An archived replay will be available for at least a week post-call. Founded in 1920, Snap-on is a $3.6 billion company, recognized for its tools and solutions across various sectors.

Snap-on Incorporated (NYSE: SNA) has announced a quarterly dividend of $1.42 per share, effective December 10, 2021, marking a 15.4% increase from $1.23. Additionally, the Board of Directors has authorized a new share repurchase program of $500 million, replacing the previous program. This brings total share repurchase capacity to approximately $503 million. Snap-on reaffirms its commitment to shareholder value through consistent dividend payments since 1939 and robust financial performance.

Snap-on reported strong Q3 2021 results, with net sales of $1,037.7 million, an increase of 10.2% from Q3 2020. Diluted EPS rose 8.8% to $3.57. Compared to Q3 2019, sales surged 15.1%, driven by a 7.0% organic sales gain. Operating earnings amounted to $271.9 million, with a margin of 24.2%. Despite market challenges from COVID-19, the company anticipates continued growth in 2021 with planned capital expenditures of $90 million.

Snap-on Incorporated (NYSE: SNA) will release its 2021 third quarter results on Thursday, October 21, 2021, before the market opens. A conference call to discuss these results is scheduled for 10:00 a.m. ET on the same day, which will be available via live webcast. Interested parties can access the call through the Snap-on investor events page. Snap-on, headquartered in Kenosha, Wisconsin, is a leading manufacturer of tools and diagnostics for various industries and reported revenues of $3.6 billion.

Snap-on Incorporated (NYSE: SNA) will present at the CL King 19th Annual Best Ideas Conference on Tuesday, September 14, 2021, at 11:00 AM Eastern Time. Investors can access the live webcast via this link or through the Investor Events page on Snap-on's website. An archived replay will be available after the event. Snap-on is a leader in tools and solutions for professional users, generating $3.6 billion in revenue and operating through various sales channels.

The Snap-on board has declared a quarterly cash dividend of $1.23 per share, scheduled for payment on September 10, 2021. Shareholders on record as of August 20, 2021 will receive this dividend. Snap-on has maintained uninterrupted dividend payments since 1939, underscoring its long-term commitment to returning value to shareholders. With a strong presence in various industries, Snap-on is recognized for its innovative tools and solutions, contributing to its status as a $3.6 billion S&P 500 company.

Snap-on reported impressive second quarter 2021 results, with net sales reaching $1,081.4 million, marking a 49.3% increase from 2020 levels. Organic sales accounted for $316.9 million of this growth. Operating earnings before financial services surged to $217.1 million, or 20.1% of sales, compared to 12.6% in 2020. Net earnings were $208.0 million, equating to $3.76 per diluted share, significantly up from $1.85 per share last year. The company remains optimistic about its growth trajectory despite ongoing pandemic uncertainties, focusing on capital expenditures between $90 million to $100 million for 2021.

Snap-on will announce its 2021 second quarter and six-month results on July 22, 2021, before the market opens. A conference call will take place at 10:00 a.m. ET, with audio and slides available via a live webcast. Interested parties can access the call through Snap-on's investor events page. The quarterly release and accompanying slides will also be accessible on their website, with an archived replay available for one week post-call. Founded in 1920, Snap-on is a global leader in manufacturing tools and solutions, with a revenue of $3.6 billion.