{"schema_version":"secwatch.filing_event.v1","accession":"0000091440-24-000026","form_type":"8-K","ticker":"SNA","cik":"0000091440","company_name":"Snap-on Inc","filed_at":"2024-04-18T23:59:59+00:00","discovered_at":"2026-05-14T18:03:22.430838+00:00","generated_at":"2026-06-03T21:24:42.043464+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Snap-on Q1 EPS $4.91 (incl $0.16 legal gain) vs $4.60 YoY; sales flat at $1.18B","bullets":["Diluted EPS $4.91 vs $4.60 a year ago; includes $0.16 per share after-tax benefit from legal payment.","Net sales $1,182.3M, down 0.1% YoY; organic sales decline of 0.8% offset by acquisitions and FX.","Operating margin before financial services improved to 22.9% from 22.0% in Q1 2023.","Snap-on Tools Group sales down 7.0% organic; Repair Systems & Information up 3.3% organic.","Financial services revenue rose to $99.6M; originations $301.7M, up 0.3% YoY."],"urls":{"canonical":"https://secwatch.observer/filing/0000091440-24-000026","json":"https://secwatch.observer/filing/0000091440-24-000026.json","markdown":"https://secwatch.observer/filing/0000091440-24-000026.md","text":"https://secwatch.observer/filing/0000091440-24-000026.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/91440/000009144024000026/0000091440-24-000026-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/91440/000009144024000026/sna-20240418.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-03T21:24:42.043464+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"e082370358f07442fb63ade49262d3aba1236d8f","claim":"Snap-on Inc reported first quarter ended March 30, 2024 results: revenue $1,182.3 million, net income $263.5 million, EPS $4.91 per diluted share.","evidence_excerpt":"Net sales of $1,182.3 million in the first quarter of 2024 represented a decrease of $0.7 million, or 0.1%, from 2023 levels, reflecting a $9.9 million, or 0.8%, organic sales decline, partially offset by $6.7 million of acquisition-related sales and $2.5 million of favorable foreign currency translation. • Operating earnings before financial services for the quarter of $270.9 million compared to $259.8 million in 2023. As a percentage of net sales, operating earnings before financial services were 22.9% in the first quarter compared to 22.0% last year. • Financial services revenue in the quarter of $99.6 million compared to $92.6 million in 2023; financial services operating earnings of $68.3 million compared to $66.3 million last year. • Consolidated operating earnings for the quarter of $339.2 million, or 26.5% of revenues (net sales plus financial services revenue), compared to $326.1 million, or 25.6% of revenues, last year. • The first quarter effective income tax rate was 22.2%","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/91440/000009144024000026/0000091440-24-000026-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first quarter ended March 30, 2024"},{"label":"Revenue","value":"$1,182.3 million"},{"label":"Net income","value":"$263.5 million"},{"label":"EPS","value":"$4.91 per diluted share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}