Snap-on Q2 2022: Sales up 5.1% to $1.14B, EPS $4.27 (+13.6%), operating margin expands 160 bps

Snap-on Inc

2022-Q2 EPS reported $8.27 revenue$2,408,500,000

Net sales $1,136.6M, organic +8.4%; diluted EPS $4.27 vs $3.76 YoY, up 13.6%.
Operating margin before financial services 21.7%, +160 bps from 20.1% last year.
Snap-on Tools segment sales $520.6M (+9.3% organic), operating margin 23.9% (+250 bps).
Repair Systems & Info segment sales $416.8M (+7.0% organic), margin 23.0% (+120 bps).
FY 2022 capex guidance $90–100M; effective tax rate expected 23–24%.

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