Snap-on Q2 EPS $4.89 (+14.5% YoY); sales $1.19B +4.8%; operating margin 23.3%

Snap-on Inc

2023-Q2 EPS reported $9.49 revenue$2,560,300,000

Net sales $1,191.3M, up 4.8% YoY; organic sales +5.6% after excluding FX.
Diluted EPS $4.89 vs $4.27; operating margin before financial services 23.3% (up 160 bps).
Commercial & Industrial segment sales $364.2M (+3.0% organic); Snap-on Tools $523.1M (+1.1% organic).
Repair Systems & Information sales $452.0M (+8.5% organic); operating margin 24.4%.
FY 2023 capex expected ~$100M; effective tax rate guided 23-24%.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Snap-on Inc reported second quarter of 2023 results: revenue $1,191.3 million, net income $264.0 million, EPS $4.89 per diluted share.

Period: second quarter of 2023
Revenue: $1,191.3 million
Net income: $264.0 million
EPS: $4.89 per diluted share
Result: reported results

Exact text from the filing

Announces Second Quarter 2023 Results Diluted EPS of $4.89 improves 14.5% from Q2 2022; Operating margin before financial services of 23.3% expands 160 basis points; Sales of $1,191.3 million up 4.8% from Q2 2022, organic sales up 5.6% KENOSHA, Wis.--(BUSINESS WIRE)--July 20, 2023--Snap-on Incorporated (NYSE: SNA), a leading global innovator, manufacturer and marketer

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Source: SEC EDGAR

accession 0001157523-23-001112

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