earnings
confidence high
sentiment positive
materiality 0.75
Snap-on Q3 2021 sales $1,038M (+10.2%), EPS $3.57 (+8.8%)
Snap-on Inc
2021-Q3 EPS reported
$10.83
revenue$3,406,500,000
- Net sales $1,037.7M, up 10.2% YoY; organic sales +7.0%; diluted EPS $3.57 vs $3.28.
- Operating margin before financial services 19.4% (vs 19.7%), consolidated margin 24.2% (vs 24.5%).
- C&I segment sales $351.4M (+10.6% organic), Tools $471.4M (+3.7%), RS&I $364.4M (+9.9%).
- Financial services revenue $87.3M, operating earnings $70.6M; originations $269.3M (+6.5%).
- FY2021 capex guidance ~$90M; effective tax rate expected 23-24%.