Snap-On Inc at Oppenheimer Industrial Growth Conference (Virtual) Summary - Thomson StreetEvents

Snap-On Inc at Oppenheimer Industrial Growth Conference (Virtual) Summary

Snap-On Inc at Oppenheimer Industrial Growth Conference (Virtual) Summary - Thomson StreetEvents
Snap-On Inc at Oppenheimer Industrial Growth Conference (Virtual) Summary
Published May 09, 2023
10 pages (6259 words) — Published May 09, 2023
Price US$ 54.00  |  Buy this Report Now

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Abstract:

Edited Brief of SNA.N presentation 9-May-23 4:00pm GMT

  
Brief Excerpt:

...A. And generally, in our history last 20 years, even though you would think that hand tools would diminish over increase in fly by wire, we have almost one, I think it's 0.88 correlation between the number of electronic codes and the rise of our hand tools sales because the cars get more complex. B. Business grew -- was encouraging, grew 6.2% organically in the quarter, and margins were at 24.5%, up 180 basis points against 80 basis points of negative currency. C. It was up strong double digits in the quarter because of the need to accommodate things like new lifts for electric vehicles because electric vehicles can't be dealt with in terms of the old lifts. D. And that business grew, I think, in the quarter 23 -- 13.9% organically. E. Margins were 23.4%, up 40 basis points and so that was a nice contributor. F. So that business grew at 11.1% organically. G. And the margins a little bit lower because it's all over the world, 15.3%, but it was up 170 basis points, 190 basis points, sorry,...

  
Report Type:

Brief

Source:
Company:
Snap-On Inc
Ticker
SNA.N
Time
4:00pm GMT
Format:
PDF Adobe Acrobat
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Snap-On Inc Q3 2023 Earnings Call Summary – 2023-10-19 – US$ 54.00 – Edited Brief of SNA.N earnings conference call or presentation 19-Oct-23 2:00pm GMT

Snap-On Inc Q3 2023 Earnings Call Transcript – 2023-10-19 – US$ 54.00 – Edited Transcript of SNA.N earnings conference call or presentation 19-Oct-23 2:00pm GMT

Snap-On Inc Q2 2023 Earnings Call Summary – 2023-07-20 – US$ 54.00 – Edited Brief of SNA.N earnings conference call or presentation 20-Jul-23 2:00pm GMT

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) 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

Snap-On Inc Q1 2023 Earnings Call Summary – 2023-04-20 – US$ 54.00 – Edited Brief of SNA.N earnings conference call or presentation 20-Apr-23 2:00pm GMT

Snap-On Inc Q1 2023 Earnings Call Transcript – 2023-04-20 – US$ 54.00 – Edited Transcript of SNA.N earnings conference call or presentation 20-Apr-23 2:00pm GMT

Snap-On Inc at Bank of America Consumer & Retail Conference Transcript – 2023-03-14 – US$ 54.00 – Edited Transcript of SNA.N presentation 14-Mar-23 2:30pm GMT

Snap-On Inc Q4 2022 Earnings Call Summary – 2023-02-02 – US$ 54.00 – Edited Brief of SNA.N earnings conference call or presentation 2-Feb-23 3:00pm GMT

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Cite this Report

  
MLA:
Thomson StreetEvents. "Snap-On Inc at Oppenheimer Industrial Growth Conference (Virtual) Summary" May 09, 2023. Alacra Store. May 17, 2025. <http://www.alacrastore.com/thomson-streetevents-transcripts/Snap-On-Inc-at-Oppenheimer-Industrial-Growth-Conference-Virtual-B15570525>
  
APA:
Thomson StreetEvents. (2023). Snap-On Inc at Oppenheimer Industrial Growth Conference (Virtual) Summary May 09, 2023. New York, NY: Alacra Store. Retrieved May 17, 2025 from <http://www.alacrastore.com/thomson-streetevents-transcripts/Snap-On-Inc-at-Oppenheimer-Industrial-Growth-Conference-Virtual-B15570525>
  
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