- Net sales came in at $1.18 billion in Q1, which is almost unchanged from the sales generated in the year-ago quarter
- Q1 operating earnings, before financial services, was $270.9 million, compared to $259.8 million in the prior-year period
- As a percentage of net sales, operating earnings before financial services were 22.9% in Q1, vs. 22.0% last year
- Financial services revenue rose to $99.6 million from $92.6 million; financial services operating profit was $68.3 million
- Consolidated operating earnings for the quarter was $339.2 million, or 26.5% of revenues, higher than the year-ago numbers
- The first-quarter effective income tax rate was 22.2%, compared to 23.1% in the same period last year
- Q1 net earnings increased to $263.5 million, or $4.91 per share, from $248.7 million, or $4.60 per share a year ago
Market News
Earnings Summary: Everything you need to know about Snap-on’s Q1 2024 report
Snap-on Incorporated (NYSE: SNA), a leading provider of equipment and service solutions for professional users, reported an increase in profit for the first quarter of 2024 when its sales remained broadly unchanged. Net sales came in at $1.18 billion in Q1, which is almost unchanged from the sales generated in the year-ago quarter Q1 operating […]
“Snap-on Incorporated (NYSE: SNA), a leading provider of equipment and service solutions for professional users, reported an increase in profit for the first quarter of 2024 when its sales remained broadly unchanged. Net sales came in at $1.18 billion in Q1, which is almost unchanged from the sales generated in the year-ago quarter Q1 operating […]
· April 18, 2024
Snap-on Incorporated (NYSE: SNA), a leading provider of equipment and service solutions for professional users, reported an increase in profit for the first quarter of 2024 when its sales remained broadly unchanged.
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