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

ADBE Earnings: Adobe reports higher Q2 earnings; results beat estimates

Design software maker Adobe Inc. (NASDAQ: ADBE) on Thursday reported an increase in second-quarter 2024 revenue and earnings. The results also topped expectations. Second-quarter revenues came in at $5.31 billion,

Dollar Tree (DLTR): A look at the discount retailer’s growth initiatives at its namesake banner

Shares of Dollar Tree, Inc. (NASDAQ: DLTR) were down over 1% on Thursday. The stock has dropped 24% year-to-date. The company delivered sales and GAAP earnings growth for the first

Key highlights from Signet Jewelers’ (SIG) Q1 2025 earnings results

Signet Jewelers Limited (NYSE: SIG) reported first quarter 2025 earnings results today. Sales decreased 9.4% year-over-year to $1.5 billion. Sales were down 9.6% on a constant currency basis. Same-store sales

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top