secwatch.observer — SEC 8-K summary
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Issuer:     Snap-on Inc (SNA)
CIK:        0000091440
Form:       8-K
Filed at:   2022-04-21T23:59:59+00:00
Accession:  0001157523-22-000453
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Snap-on Q1 2022 EPS $4.00 up 14.3%; sales $1.10B up 7.1% organic +8.0%
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- 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%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/91440/000115752322000453/0001157523-22-000453-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/91440/000115752322000453/a52692389.htm
  HTML page:      https://secwatch.observer/filing/0001157523-22-000453

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