Snap-on Q1 2024 Earnings Report: A Closer Look at Financial Performance and Strategies
Thursday, 18 April 2024, 14:32
Summary:
Snap-on Incorporated (NYSE: SNA) reported a positive Q1 2024 earnings, with an increase in profit despite stable sales figures. The financial performance reflected an upward trend across various parameters.
Key Highlights:
- Net Sales: $1.18 billion in Q1, almost unchanged from the year-ago quarter.
- Operating Earnings: Reached $270.9 million, showing growth from the prior year.
- Financial Services: Revenue rose to $99.6 million, with an operating profit of $68.3 million.
- Net Earnings: Increased to $263.5 million, or $4.91 per share, from the previous year.
- Income Tax Rate: Decreased to 22.2% from 23.1% in the same period last year.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.