---
schema_version: "secwatch.filing_event.v1"
accession: "0001157523-23-001504"
form_type: "8-K"
ticker: "SNA"
cik: "0000091440"
company_name: "Snap-on Inc"
filed_at: "2023-10-19T23:59:59+00:00"
generated_at: "2026-06-09T21:32:31.139207+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001157523-23-001504
- form_type: 8-K
- ticker: SNA
- cik: 0000091440
- company_name: Snap-on Inc
- filed_at: 2023-10-19T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/91440/000115752323001504/0001157523-23-001504-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/91440/000115752323001504/a53636246.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001157523-23-001504
- JSON: https://secwatch.observer/filing/0001157523-23-001504.json
- Plain text: https://secwatch.observer/filing/0001157523-23-001504.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/91440/000115752323001504/0001157523-23-001504-index.htm

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