Snap-On Navigates Q3 Hurdles: Slimmer Sales, Fatter Margins, And An EPS Surprise [Yahoo! Finance]
Snap-On Incorporated (SNA)
Last snap-on incorporated earnings: 4/21 06:30 am
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Source: Yahoo! Finance
Net sales decreased by $19.2 million, or 1.7%, due to an organic sales decline and a $0.3 million negative impact from foreign currency translation, partially offset by $7.2 million in acquisition-related sales. The gross margin expanded by 137 bps to 51.3%, and gross profit rose 1.7% year over year to $587.8 million. Financial services revenue in the quarter was $100.4 million compared to $94.9 million in the prior year quarter. The operating margin before financial services was 22%, up 85 bps, and the corresponding income rose 2.9% to $252.4 million. EPS for the quarter was $4.70, beating the consensus of $4.59. Sales by Segments: Commercial & Industrial $365.7 million (-0.20% Y/Y), Snap-on Tools $500.5 million (-2.9% Y/Y), and Repair Systems & Information $422.7 million (-2.1% Y/Y). Snap-On held $1.313 billion in cash and equivalents at the end of the quarter, and operating cash flow totaled $274.2 million versus $285.4 million a year ago. Outlook: For the rest of 20
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SNA
Earnings
- 10/17/24 - Beat
SNA
Sec Filings
- 11/1/24 - Form 4
- 10/29/24 - Form 4
- 10/28/24 - Form 144
- SNA's page on the SEC website