Snap-On Inc Stock Price, News & Analysis

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.

Snap-on reported a strong fourth quarter and full year 2020 performance despite the COVID-19 pandemic. Fourth quarter net sales were $1,074.4 million, a 12.5% increase year-over-year, driven by organic sales growth of 10.6%. Operating earnings before financial services increased to $216.2 million, or 20.1% of sales. However, full-year net sales declined by 3.7% to $3,592.5 million, primarily due to decreased activity earlier in the year. Net earnings for the fourth quarter were $208.9 million or $3.82 per diluted share. The company anticipates capital expenditures of $90-100 million in 2021.

Snap-on Incorporated (NYSE: SNA) will announce its 2020 fourth quarter and full year results on February 4, 2021, before market opening. A conference call is scheduled for 10:00 a.m. ET to discuss the results, available via live webcast. Interested parties can access the call at www.snapon.com/EN/Investors/Investor-Events. The call's archived replay will be available on the website for at least one week. Snap-on specializes in tools and diagnostic solutions across various industries, generating $3.7 billion in revenue.

Snap-on announced a quarterly dividend of $1.23 per share, payable on December 10, 2020, reflecting a 13.9% increase from the prior dividend of $1.08. This marks the company's eleventh consecutive annual dividend increase since 1939, underscoring its financial strength and commitment to shareholder value. CEO Nick Pinchuk highlighted the firm's robust cash generation capabilities and strategic focus on growth through investments and acquisitions, reinforcing their favorable outlook for the future.

Snap-on Incorporated (NYSE: SNA) will present at the Gabelli 44th Annual Automotive Aftermarket Symposium on November 2, 2020, at 9:30 AM ET. The live webcast can be accessed here or through the Snap-on Investor Events page. An archived replay will be available for 90 days post-event. Snap-on, founded in 1920, is a leading innovator in tools and systems solutions, with a revenue of $3.7 billion, serving various industries including aviation, construction, and automotive.

Snap-on reported third-quarter 2020 net sales of $941.6 million, a 4.4% increase from 2019, driven by a 3.8% organic sales gain. Operating earnings rose 10.7% to $185.7 million, despite $1.5 million in COVID-19-related costs. Financial services revenue increased to $85.8 million, with operating earnings of $65.6 million. The Commercial & Industrial Group saw a decline of 8.6% in organic sales, while the Snap-on Tools Group experienced a 16.2% increase. Snap-on maintains a focus on growth despite uncertainties due to COVID-19.

Snap-on Incorporated (NYSE: SNA) will announce its 2020 third quarter results before the market opens on October 22, 2020. A conference call is scheduled for 10:00 a.m. ET to discuss these results, with a live audio webcast available on Snap-on's investor events page. The quarter's results, along with accompanying slides, will also be accessible via the Snap-on website. An archived replay will be provided for at least one week following the call. Established in 1920, Snap-on is a $3.7 billion leader in tool manufacturing and services.

Snap-on acquired the assets of AutoCrib, Inc. for approximately $36 million in cash on September 28, 2020. AutoCrib, with 2019 sales of about $30 million, is known for its tool and asset control solutions. The acquisition will enhance Snap-on's Commercial & Industrial Group, expanding its tool control offerings across various sectors, including aerospace and automotive. The integration is set to begin in Snap-on's 2020 fiscal fourth quarter.