Snap-On Inc Q3 2023 Earnings Call Summary - Thomson StreetEvents

Snap-On Inc Q3 2023 Earnings Call Summary

Snap-On Inc Q3 2023 Earnings Call Summary - Thomson StreetEvents
Snap-On Inc Q3 2023 Earnings Call Summary
Published Oct 19, 2023
16 pages (9028 words) — Published Oct 19, 2023
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About This Report

  
Abstract:

Edited Brief of SNA.N earnings conference call or presentation 19-Oct-23 2:00pm GMT

  
Brief Excerpt:

...A. Reported sales were $1.159 billion, up 5.2% from last year, a 4.7% organic rise and $4.4 million in favorable foreign currency effects with growth in every segment. B. This represents our 13th quarter well above pre-pandemic levels. C. Opco operating income OI before financial services was up 9.7%, reaching $245.2 million. D. Opco operating margin rose 90 basis points to 21.2% with higher sales volumes, the benefits of great new products and the ongoing efficiencies of rapid continuous improvement, or RCI, more than offsetting up 50 basis points of bad news from unfavorable foreign currency effects, 21.2% and 90 basis points, nice. E. The operating income for our financial services operation grew $69.4 million from the $66.4 million last year, a 4.5% improvement. F. And the result -- and that result combined with the Opco performance to raise our consolidated operating margins to 25.1%, a 70 basis point rise from 2022. G. And EPS was $4.51, reflecting a 37 -- or 8.9% increase above last...

  
Report Type:

Brief

Source:
Company:
Snap-On Inc
Ticker
SNA.N
Time
2:00pm GMT
Format:
PDF Adobe Acrobat
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Snap-On Inc Q2 2023 Earnings Call Transcript – 2023-07-20 – US$ 54.00 – Edited Transcript of SNA.N earnings conference call or presentation 20-Jul-23 2:00pm GMT

Snap-On Inc at Oppenheimer Industrial Growth Conference (Virtual) Summary – 2023-05-09 – US$ 54.00 – Edited Brief of SNA.N presentation 9-May-23 4:00pm GMT

Snap-On Inc at Oppenheimer Industrial Growth Conference (Virtual) Transcript – 2023-05-09 – US$ 54.00 – Edited Transcript of SNA.N presentation 9-May-23 4:00pm GMT

Snap-On Inc Annual Shareholders Meeting Transcript – 2023-04-27 – US$ 54.00 – Edited Transcript of SNA.N shareholder or annual meeting 27-Apr-23 3:00pm GMT

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Cite this Report

  
MLA:
Thomson StreetEvents. "Snap-On Inc Q3 2023 Earnings Call Summary" Oct 19, 2023. Alacra Store. May 17, 2025. <http://www.alacrastore.com/thomson-streetevents-transcripts/Q3-2023-Snap-On-Inc-Earnings-Call-B15765286>
  
APA:
Thomson StreetEvents. (2023). Snap-On Inc Q3 2023 Earnings Call Summary Oct 19, 2023. New York, NY: Alacra Store. Retrieved May 17, 2025 from <http://www.alacrastore.com/thomson-streetevents-transcripts/Q3-2023-Snap-On-Inc-Earnings-Call-B15765286>
  
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