Snap-On (SNA) Tops Q2 EPS by 35c

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Snap-on Announces Second Quarter 2023 Results

July 20, 2023 6:30 AM EDT

Diluted EPS of $4.89 improves 14.5% from Q2 2022;

Operating margin before financial services of 23.3% expands 160 basis points;

Sales of $1,191.3 million up 4.8% from Q2 2022, organic sales up 5.6%

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 second quarter of 2023.

Net sales of $1,191.3 million in the second quarter of 2023 represented an increase of $54.7 million,... More