Snap-on Q3 2023 sales up 5.2% to $1.159B; diluted EPS $4.51 (+8.9%)

Snap-on Inc

2023-Q3 EPS reported $14.00 revenue$3,814,500,000

Organic sales grew 4.7%; operating margin before financial services improved 90 bps to 21.2%.
All three segments reported organic sales gains and margin expansion: C&I 15.9%, Tools 22.0%, RS&I 24.3%.
Financial services revenue rose to $94.9M; originations increased 1.7% to $305.2M.
Full-year 2023 capex guidance ~$100M; effective tax rate expected ~23%.
Management cited resilience in automotive repair and growth in critical industries.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.98

Snap-on Inc reported the third quarter ended September 30, 2023 results: revenue $1,159.3 million, net income $243.1 million, EPS $4.51 per diluted share.

Period: the third quarter ended September 30, 2023
Revenue: $1,159.3 million
Net income: $243.1 million
EPS: $4.51 per diluted share
Result: reported results

Exact text from the filing

forward-looking statement of the Corporation. --- EX-99 (EXHIBIT 99) --- EX-99 2 a53636246ex99.htm EXHIBIT 99 Exhibit 99 Snap-on Announces Third Quarter 2023 Results Sales of $1,159.3 million up 5.2% from Q3 2022, organic sales up 4.7%; Operating margin before financial services of 21.2% reflects an increase of 90 basis points; Diluted EPS of $4.51 represents a gain

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Source: SEC EDGAR

accession 0001157523-23-001504

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