Snap-On (SNA) Tops Q1 EPS by 34c

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Snap-on Announces First Quarter 2022 Results

April 21, 2022 6:30 AM EDT

Sales of $1,097.8 million up 7.1% from Q1 2021, organic sales up 8.0%;

Operating margin before financial services of 20.3% improves 70 basis points;

Diluted EPS of $4.00 increases 14.3% from Q1 2021

KENOSHA, Wis.--(BUSINESS WIRE)-- Snap-on Incorporated (NYSE: SNA), a leading global innovator, manufacturer and marketer of tools, equipment, diagnostics, repair information and systems solutions for professional users performing critical tasks, today announced operating results for the first quarter of 2022.

Net sales of $1,097.8 million in the first quarter of 2022 increased $73.2 million, or 7.1%, from 2021 levels,... More