Snap-on Q2 2024 EPS $5.07 vs $4.89, sales down 1% to $1.18B

Snap-on Inc

2024-Q2 EPS reported $9.98 revenue$2,561,800,000

Diluted EPS of $5.07 includes $0.16 legal payment benefit; prior year $4.89.
Net sales $1,179.4M, down 1.0% YoY; organic sales declined 1.1%.
Operating margin before financial services improved 50 bps to 23.8%.
Snap-on Tools Group sales fell 7.7% organically; Repair Systems & Info up 1.0%.
FY 2024 capex guidance $100-110M; effective tax rate expected 22-23%.

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