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Snap-on Incorporated (NYSE:SNA) Q4 2023 Earnings Call Transcript February 8, 2024 Snap-on Incorporated beats earnings expectations. Reported EPS is $4.75, expectations were $4.63. SNA isn’t one of the 30 most popular stocks among hedge funds at the end of the third quarter (see the details here). Operator: Good morning, and welcome to the Snap-on Incorporated […]
Snap-on Incorporated beats earnings expectations. Reported EPS is $4.75, expectations were $4.63.
Diluted EPS of $4.75 for the quarter represents a gain of 7.5% from Q4 2022; Sales of $1,196.6 million up 3.5% from Q4 2022, organic sales up 2.2%; Operating margin before financial services of 21.6%...
Q4 and Full Year 2023 Earnings Highlight Resilience and Strategic Expansion
Snap-on posts Q4 FY23 results with a 3.5% sales increase to $1.197 billion, driven by organic gains and favorable currency translation. Despite missing consensus, the company's gross profit rises to $577.6 million, with operating earnings climbing to $325.8 million, surpassing EPS expectations at $4.75. CEO Nick Pinchuk notes positive momentum in critical industries and strategic acquisition benefits. Snap-on outlines FY24 outlook, expecting capital expenditures of $100-110 million.