Snap-on Q4 diluted EPS rises to $4.82 from $4.75; full-year sales dip 0.5%
Snap-on reported fourth-quarter 2024 net earnings of $258.1 million, or $4.82 per diluted share, up from $4.75 a year earlier, on net sales of $1,198.7 million, nearly flat against $1,196.6 million. For full-year 2024, net sales fell 0.5% to $4,707.4 million, while diluted EPS rose to $19.51 from $18.76, helped by a $0.32 per share after-tax legal benefit, so shareholders see higher profit on slightly lower sales. The company expects 2025 capital expenditures of about $100 million and an effective tax rate of 22% to 23%.
Key points
- Q4 2024 net sales of $1,198.7 million vs. $1,196.6 million a year earlier; operating margin before financial services rose to 22.1% from 21.6%
- Full-year 2024 net sales of $4,707.4 million, down $22.8 million or 0.5%, including a 0.9% organic decline
- Full-year 2024 diluted EPS of $19.51 vs. $18.76, including a $0.32 per share after-tax benefit from final legal matter payments received in the first half of 2024
- 2025 outlook: capital expenditures of about $100 million and effective income tax rate of 22% to 23%
The filing
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 February 06, 2025.
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.