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

Snap-on Q2 diluted EPS rises to $5.07 as net sales dip 1.0% to $1,179.4 million

Mixed Impact 3 of 5 earnings Written later

Snap-on reported second-quarter 2024 results with diluted EPS of $5.07, up from $4.89 a year earlier. The EPS figure includes a $0.16 per share benefit from a legal payment, while net sales fell 1.0% to $1,179.4 million on a 1.1% organic sales decline, so shareholders see higher per-share profit alongside shrinking sales.

Key points

  • Diluted EPS was $5.07 versus $4.89 in Q2 2023, including a $0.16 per share after-tax benefit from legal payments of $8.7 million.
  • Net sales were $1,179.4 million, down $11.9 million from $1,191.3 million, with organic sales down 1.1%.
  • Operating margin before financial services was 23.8% versus 23.3% a year earlier.
  • For 2024, capital expenditures are projected at $100 million to $110 million, and the full-year effective tax rate at 22% to 23%.

The filing

CompanySnap-on (SNA)
Form8-K, current report
Filed with the SECJul 18, 2024, 6:35 AM ET
Accession number0000091440-24-000048

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 July 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.