---
schema_version: "secwatch.filing_event.v1"
accession: "0001157523-23-000583"
form_type: "8-K"
ticker: "SNA"
cik: "0000091440"
company_name: "Snap-on Inc"
filed_at: "2023-04-20T23:59:59+00:00"
generated_at: "2026-06-16T23:12:21.631072+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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%.

## SEC filing metadata
- accession: 0001157523-23-000583
- form_type: 8-K
- ticker: SNA
- cik: 0000091440
- company_name: Snap-on Inc
- filed_at: 2023-04-20T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/91440/000115752323000583/0001157523-23-000583-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/91440/000115752323000583/a53384374.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001157523-23-000583
- JSON: https://secwatch.observer/filing/0001157523-23-000583.json
- Plain text: https://secwatch.observer/filing/0001157523-23-000583.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/91440/000115752323000583/0001157523-23-000583-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.