Categories Earnings, Industrials
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 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
Listen to the conference calls as they happen. Don't miss a beat! With AlphaStreet Intelligence, you can listen to live calls and interviews as they happen, so you never have to worry about missing out on important information.
Most Popular
Costco (COST) reports strong growth in Q1 FY26 earnings; revenue up 8%
Costco Wholesale Corporation (NASDAQ: COST) has reported an increase in net income for the first quarter of fiscal 2026. Revenues grew 8.3% year-over-year. The Issaquah, Washington-headquartered warehouse giant’s total revenues
AVGO Earnings: Broadcom reports higher Q4 FY25 revenue, profit; results beat
Semiconductor company Broadcom, Inc. (NASDAQ: AVGO) on Thursday reported an increase in revenue and adjusted earnings for the fourth quarter of fiscal 2025. The numbers also surpassed analysts' expectations. Adjusted
Lamb Weston (LW) is set to report Q2 2026 earnings next week, here’s what to look for
Shares of Lamb Weston Holdings, Inc. (NYSE: LW) rose over 1% on Thursday. The stock has gained 4% over the past three months. The French fry giant is slated to
