Snap-on Q2 2021 EPS $3.76, sales up 49.3% YoY; organic sales +42.5%

Snap-on Inc

2021-Q2 EPS reported $7.26 revenue$2,281,500,000

Net sales $1,081.4M, +49.3% YoY; organic sales +42.5%; vs Q2 2019 sales +13.7%.
Diluted EPS $3.76, up 103.2% from $1.85; adjusted EPS excluding restructuring also rose 96.9%.
Segment organic growth: C&I +26.3%, Snap-on Tools +46.7%, RS&I +54.1%; all improved margins.
Consolidated operating earnings $286.0M, 24.5% of revenues, up from 18.4% last year.
FY2021 capex guidance $90-100M; effective tax rate expected 23-24%.

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