earnings
confidence high
sentiment positive
materiality 0.75
Snap-on Q1 2022 EPS $4.00 up 14.3%; sales $1.10B up 7.1% organic +8.0%
Snap-on Inc
2022-Q1 EPS reported
$4.00
revenue$1,185,500,000
- Diluted EPS $4.00 vs $3.50 YoY; net earnings $217.4M, up 12.9%.
- Net sales $1,097.8M (+7.1%); organic +8.0%, acquisition $8.5M, FX -$15.7M.
- Operating margin before financial services 20.3% (up 70 bps); consolidated op margin 24.8%.
- Snap-on Tools Group sales +7.7% organic, margin 22.7% (+200 bps); RS&I sales +14.6% (+13.3% organic).
- FY 2022 capex guided $90-100M; effective tax rate 23-24%.