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Shares of Snap-on (NYSE:SNA) fell 0.4% in pre-market trading after the company reported Q1 results.
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Quarterly Results
Earnings per share were up 34.62% year over year to $3.50, which beat the estimate of $3.06.
Revenue of $1,025,000,000 higher by 20.28% from the same period last year, which beat the estimate of $930,900,000.
Outlook
Snap-on hasn't issued any earnings guidance for the time being.
Snap-on hasn't issued any revenue guidance for the time being.
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Details Of The Call
Date: Apr 22, 2021
Time: 10:00 AM
ET Webcast URL: https://edge.media-server.com/mmc/p/xong3m6k
Recent Stock Performance
Company's 52-week high was at $238.10
Company's 52-week low was at $108.78
Price action over last quarter: Up 28.00%
Company Profile
Snap-on Inc is a manufacturer of premium tools and software for professional technicians. Hand tools are sold through franchisee-operated mobile vans that serve auto technicians who purchase tools at their own expense. A unique element of its business model is that franchisees bear significant risk, as they must invest as much as $375,000 in the van, inventory, and software. At the same time, franchisees extend personal credit directly to technicians on an individual tool basis. Snap-on currently operates three segments-Repair systems and information Group, Commercial and industrial Group, and Snap-on Tools Group-which accounted for 30%, 30%, and 40%, respectively, of its $3.6 billion 2020 manufacturing revenue.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.