Snap-on Q4 diluted EPS rises 7.5% to $4.75 on 3.5% sales gain
Snap-on reported fourth-quarter 2023 net sales of $1,196.6 million, up 3.5%, and diluted earnings per share of $4.75, up 7.5% from $4.42 a year earlier. For the full year, diluted EPS was $18.76, up 11.5%, on net sales of $4,730.2 million. The company also projected 2024 capital expenditures of $100 million to $110 million and an effective income tax rate of 22% to 23%.
Key points
- Q4 2023 net earnings attributable to Snap-on were $255.3 million, or $4.75 per diluted share, versus $238.9 million, or $4.42, in Q4 2022.
- Q4 organic sales rose 2.2%, while Snap-on Tools Group segment sales fell 5.7% organically.
- Full-year 2023 net earnings attributable to Snap-on were $1,011.1 million, compared with $911.7 million in 2022.
- For 2024, capital expenditures are projected at $100 million to $110 million and the effective tax rate at 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 08, 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.