Snap-on Q1 net sales $1.183B (+7.8% YoY); EPS $4.60 (+15%)

Snap-on Inc

2023-Q1 EPS reported $4.60 revenue$1,275,600,000

Net sales $1,183.0M up 7.8% YoY; organic sales +10.2%; operating margin before financial services 22.0% (up 170 bps).
Diluted EPS $4.60, up 15.0% from $4.00; net earnings $248.7M vs $217.4M.
Segment organic sales: C&I +11.1%, Snap-on Tools +6.3%, Repair Systems +13.9%; all segments improved margins.
Financial services revenue $92.6M (+5.6%), operating earnings $66.3M; originations $300.9M (+22.5%).
FY2023 capex expected ~$100M; effective income tax rate forecast 23-24%.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Snap-on Inc reported first quarter ended April 1, 2023 results: revenue $1,183.0 million, net income $248.7 million, EPS $4.60 per diluted share.

Period: first quarter ended April 1, 2023
Revenue: $1,183.0 million
Net income: $248.7 million
EPS: $4.60 per diluted share
Result: reported results

Exact text from the filing

statement of the Corporation. --- EX-99 (EXHIBIT 99) --- EX-99 2 a53384374_ex99.htm EXHIBIT 99 Exhibit 99 Snap-on Announces First Quarter 2023 Results Sales of $1,183.0 million up 7.8% from Q1 2022, organic sales up 10.2%; Operating margin before financial services of 22.0% improves 170 basis points; Diluted EPS of $4.60 increases 15.0% from Q1 2022

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Source: SEC EDGAR

accession 0001157523-23-000583

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