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Snap-On Inc Q1 2022 Earnings Call Summary

Published Apr 21, 2022

17 pages (9896 words) — Published Apr 21, 2022

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Abstract:

Edited Brief of SNA.N earnings conference call or presentation 21-Apr-22 2:00pm GMT

Brief Excerpt:

...Markets still looking positive. 1. Progress, believes Co. is stronger than ever. a. 2. Reported sales $1,097.8m. Up 7.1%, including $8.5m in acquisition-related activity and $15.7m of unfavorable FX. a. b. Organic sales growth 8% with gains in every group. c. Compared to pre-pandemic levels in 2019, clear upward drive shines right through vs. 2019. i. Sales rose 19.1% as reported and 16.9% organically. ii. Seventh straight qtr. of being above pre-virus levels. 3. Believes Co. is continuing ongoing trend of accelerating expansion momentum, increasing higher and higher demonstrating that it's only getting stronger every day. Contributions from Snap-on Value Creation Processes, safety, quality, customer connection, innovation and rapid continuous improvement (RCI), all combined to drive this progress and progress there was. a. 4. Operating income: OpCo $223.1m. a. Increased $22.2m YoverY. i. ii. Operating margin 20.3%; up 70 BP YoverY and 120 BP from 2019 as adjusted for favorable legal settlement...

Report Type:

Brief

Source:

Thomson StreetEvents

Company:

Snap-On Inc

Ticker

SNA.N

Time

2:00pm GMT

Format:

PDF

The following is excerpted from the question-and-answer section of the transcript. (Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session) Question: Sarah Park - BofA Securities, Research Division - Analyst : This is Sarah Park on for Liz Suzuki. I think you had mentioned this a little bit earlier, but I was just been wondering if you could speak to any kind of like material disruption in March from the security breach and network shutdown, if you have any more color on that, that would be helpful.

The following is excerpted from the question-and-answer section of the transcript.

(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)

Question: Sarah Park - BofA Securities, Research Division - Analyst : This is Sarah Park on for Liz Suzuki. I think you had mentioned this a little bit earlier, but I was just been wondering if you could speak to any kind of like material disruption in March from the security breach and network shutdown, if you have any more color on that, that would be helpful.

Snap-On Inc Q2 2022 Earnings Call Summary – 2022-07-21 – US$ 54.00 – Edited Brief of SNA.N earnings conference call or presentation 21-Jul-22 2:00pm GMT

Snap-On Inc Q2 2022 Earnings Call Transcript – 2022-07-21 – US$ 54.00 – Edited Transcript of SNA.N earnings conference call or presentation 21-Jul-22 2:00pm GMT

Snap-On Inc at Oppenheimer Industrial Growth Conference (Virtual) Transcript – 2022-05-03 – US$ 54.00 – Edited Transcript of SNA.N presentation 3-May-22 4:00pm GMT

Snap-On Inc Annual Shareholders Meeting Transcript – 2022-04-28 – US$ 54.00 – Edited Transcript of SNA.N shareholder or annual meeting 28-Apr-22 3:00pm GMT

Snap-On Inc Q1 2022 Earnings Call Transcript – 2022-04-21 – US$ 54.00 – Edited Transcript of SNA.N earnings conference call or presentation 21-Apr-22 2:00pm GMT

Snap-On Inc at Bank of America Consumer & Retail Technology Conference Transcript – 2022-03-09 – US$ 54.00 – Edited Transcript of SNA.N presentation 9-Mar-22 4:20pm GMT

Snap-On Inc Q4 2021 Earnings Call Summary – 2022-02-03 – US$ 54.00 – Edited Brief of SNA.N earnings conference call or presentation 3-Feb-22 3:00pm GMT

Snap-On Inc Q4 2021 Earnings Call Transcript – 2022-02-03 – US$ 54.00 – Edited Transcript of SNA.N earnings conference call or presentation 3-Feb-22 3:00pm GMT

Snap-On Inc Q3 2021 Earnings Call Summary – 2021-10-21 – US$ 54.00 – Edited Brief of SNA.N earnings conference call or presentation 21-Oct-21 2:00pm GMT

Snap-On Inc Q3 2021 Earnings Call Transcript – 2021-10-21 – US$ 54.00 – Edited Transcript of SNA.N earnings conference call or presentation 21-Oct-21 2:00pm GMT

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MLA:	Thomson StreetEvents. "Snap-On Inc Q1 2022 Earnings Call Summary" Apr 21, 2022. Alacra Store. May 17, 2025. <http://www.alacrastore.com/thomson-streetevents-transcripts/Q1-2022-Snap-On-Inc-Earnings-Call-B15173932>

APA:	Thomson StreetEvents. (2022). Snap-On Inc Q1 2022 Earnings Call Summary Apr 21, 2022. New York, NY: Alacra Store. Retrieved May 17, 2025 from <http://www.alacrastore.com/thomson-streetevents-transcripts/Q1-2022-Snap-On-Inc-Earnings-Call-B15173932>

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Snap-On Inc Q1 2022 Earnings Call Summary

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