Snap-on Incorporated (NYSE: SNA), a leading manufacturer of tools and equipment, reported an increase in earnings and lower revenue for the third quarter of 2024.
- Net sales decreased to $1.15 billion in the third quarter from $1.16 billion in the same period last year, reflecting lower organic sales and unfavorable foreign currency translation
- Third quarter financial services revenue increased to $100.4 million from $94.9 million last year
- Q3 net income rose to $251.1 million or $4.70 per share from $243.1 million or $4.51 per share in the prior-year period
- Operating earnings before financial services for the quarter was $252.4 million, compared to $245.2 million in Q3 2023
- For the remainder of 2024, Snap-on expects to make ongoing progress along its path for coherent growth
- It projects capital expenditures of approximately $100 million for fiscal 2024, of which $65.4 million was incurred in the first nine months of the year
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
Infographic: How Lennar (LEN) performed in Q4 2025
Lennar Corporation (NYSE: LEN) reported total revenues of $9.4 billion for the fourth quarter of 2025, compared to $9.9 billion reported in the same period a year ago. Net earnings
Paychex expected to report higher revenue and earnings for Q2 FY26
Paychex, Inc. (NASDAQ: PAYX), a leading provider of human capital management solutions, is undergoing an AI-driven transformation that enhances both its internal operations and client-facing services. Entering fiscal 2026, the
Signet Jewelers (SIG): A look at the progress made on Grow Brand Love
Shares of Signet Jewelers Limited (NYSE: SIG) fell over 3% on Tuesday. The stock has gained 3% year-to-date. The jewelry retailer delivered strong results for the third quarter of 2026,
