Snap-on Q3 2022 EPS $4.14 (+16%), sales $1.10B (+6.2%), organic sales +10.4%

Snap-on Inc

2022-Q3 EPS reported $12.41 revenue$3,598,300,000

Diluted EPS $4.14 vs $3.57; net earnings $223.9M, up 14.1%.
Net sales $1,102.5M, up 6.2% YoY; organic sales gain of 10.4% after $39.1M FX headwind.
Operating margin before financial services 20.3%, up 90 bps from 19.4%.
RS&I segment organic sales +17.2%; Snap-on Tools Group +7.4%; C&I Group +7.9%.
FY 2022 capex guidance $90-100M; effective tax rate guided 23-24%.

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