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AI brief of an SEC Form 8-K · Snap-on (SNA)

Snap-on Q1 diluted EPS rises to $4.91 from $4.60 as sales hold flat at $1.18 billion

Positive Impact 3 of 5 earnings Written later

Snap-on reported first-quarter 2024 results on April 18, 2024. Diluted EPS rose to $4.91 from $4.60, including a $0.16 benefit from a legal payment, while net sales were flat at $1,182.3 million and organic sales fell 0.8%. Operating margin before financial services improved to 22.9% from 22.0%, and the company projected 2024 capital expenditures of $100 million to $110 million and a full-year effective tax rate of 22% to 23%.

Key points

  • Diluted EPS of $4.91 vs. $4.60 a year earlier, including an $0.16 per share after-tax legal payment benefit
  • Net sales of $1,182.3 million, down $0.7 million (0.1%); organic sales down $9.9 million (0.8%)
  • Operating earnings before financial services of $270.9 million vs. $259.8 million; margin 22.9% vs. 22.0%
  • 2024 capital expenditure outlook of $100 million to $110 million; full-year effective tax rate expected at 22% to 23%

The filing

CompanySnap-on (SNA)
Form8-K, current report
Filed with the SECApr 18, 2024, 6:34 AM ET
Accession number0000091440-24-000026

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 12:42 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on April 18, 2024.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.