Snap-on Q3 net sales rise 5.2% to $1,159.3 million; diluted EPS up 8.9% to $4.51
Snap-on reported third-quarter 2023 results on October 19, 2023. Net sales rose $56.8 million, or 5.2%, to $1,159.3 million, and net earnings attributable to Snap-on rose to $243.1 million, or $4.51 per diluted share, from $223.9 million, or $4.14, a year earlier. The company also expects a full-year 2023 effective income tax rate of about 23% and capital expenditures of about $100 million, of which $73.9 million was incurred in the first nine months.
Key points
- Net sales of $1,159.3 million in Q3 2023, up 5.2%; organic sales up 4.7%
- Operating margin before financial services of 21.2%, up 90 basis points from 20.3%
- Diluted EPS of $4.51 versus $4.14 a year earlier; nine-month diluted EPS of $14.00 versus $12.41
- 2023 capital expenditures projected at about $100 million; full-year effective tax rate about 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 October 19, 2023.
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.