---
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"
generated_at: "2026-06-03T21:24:42.043464+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Snap-on Q1 EPS $4.91 (incl $0.16 legal gain) vs $4.60 YoY; sales flat at $1.18B

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000091440-24-000026
- JSON: https://secwatch.observer/filing/0000091440-24-000026.json
- Plain text: https://secwatch.observer/filing/0000091440-24-000026.txt

## Key facts
- Earnings Releases
  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.
  - Period: first quarter ended March 30, 2024
  - Revenue: $1,182.3 million
  - Net income: $263.5 million
  - EPS: $4.91 per diluted share
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/91440/000009144024000026/0000091440-24-000026-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.