earnings
confidence high
sentiment positive
materiality 0.75
Snap-on Q3 EPS $4.70 (+4.2% YoY); operating margin expands 80 bps to 22.0%
Snap-on Inc
2024-Q3 EPS reported
$14.69
revenue$3,809,200,000
- Diluted EPS of $4.70, up 4.2% from $4.51 in Q3 2023; net earnings $251.1M.
- Net sales $1,147.0M, down 1.1% YoY; organic sales declined 1.7%, partially offset by acquisitions.
- Operating margin before financial services improved to 22.0% from 21.2%; consolidated operating margin 26.0%.
- Snap-on Tools Group sales $500.5M, down 3.1% organically; operating margin 21.6% vs 22.0% last year.
- FY2024 capex expected ~$100M; effective tax rate guidance 22%-23%.