Snap-On Inc Stock Price, News & Analysis

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.

Snap-on is set to present at the Oppenheimer 16th Annual Industrial Growth Conference on May 5, 2021, at 10:30 AM Eastern Time. Investors can access the live webcast at this link or through the Snap-on Investor Events page. Following the event, an archived replay will be available. Founded in 1920, Snap-on is a global leader in manufacturing tools and equipment, servicing various industries, and reported revenues of $3.6 billion.

Snap-on Incorporated (NYSE: SNA) announced a quarterly dividend of $1.23 per share, payable on June 10, 2021, to shareholders of record on May 21, 2021. The company has maintained uninterrupted quarterly cash dividends since 1939. With a rich history since its founding in 1920, Snap-on is a leading provider of tools and equipment across various industries, boasting a revenue of $3.6 billion and a presence in the S&P 500.

Snap-on reported strong first-quarter 2021 results, with net sales of $1,024.6 million, a 20.2% increase from 2020. Organic sales rose by 16.3%, alongside contributions from acquisitions and favorable currency translation. Operating earnings before financial services reached $200.9 million (19.6% of sales), up from 16.3% the previous year. Net earnings improved to $192.6 million or $3.50 per diluted share. The company also completed the acquisition of Dealer-FX Group, enhancing its market position. Looking ahead, Snap-on plans capital expenditures of $90 million to $100 million in 2021.

Snap-on will announce its 2021 first quarter results on April 22, 2021, before market opening. A conference call is scheduled for 10:00 a.m. ET that same day to discuss the results, with audio and slides available via a live webcast. Those interested can access the call through the Snap-on investor events page. An archived replay will be available for one week post-call. Snap-on is a global leader in tool and equipment manufacturing, with a revenue of $3.6 billion and a diverse customer base across multiple industries, founded in 1920 in Kenosha, Wisconsin.

Snap-on Incorporated (NYSE: SNA) has acquired Dealer-FX Group for approximately $200 million in cash. Dealer-FX, based in Ontario, specializes in service operations software solutions for automotive OEM customers, enhancing dealership productivity and customer experience. This acquisition complements Snap-on's existing Repair Systems & Information segment, expanding its capabilities and market reach. With Dealer-FX's 2020 revenues of $37 million, the transaction is not expected to impact Snap-on’s earnings per share significantly in 2021. CEO Nick Pinchuk highlights the strategic importance of this acquisition.

Snap-on is set to present at the 2021 BofA Securities Consumer & Retail Technology Conference on March 10, 2021, at 3:30 PM Eastern Time. Investors can access the live audio webcast through this link or by visiting the Snap-on Investor Events page. An archived replay will be available post-event. Snap-on is a global leader in tools and equipment, boasting $3.6 billion in revenue and a wide range of products serving industries such as aviation, construction, and automotive.

The Snap-on board has declared a quarterly dividend of $1.23 per share, scheduled for payment on March 10, 2021, to shareholders recorded by February 23, 2021. This marks a continued trend of uninterrupted quarterly cash dividends since 1939.

Snap-on, a prominent innovator and manufacturer of tools and diagnostics, operates across various industries including automotive, aviation, and agriculture. With a market capitalization of $3.6 billion, the company sells through multiple channels, reinforcing its position in the S&P 500.