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Market Overview

Snap-on: Q1 Earnings Insights

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Shares of Snap-on (NYSE:SNA) fell 0.4% in pre-market trading after the company reported Q1 results.

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.

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.

 

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Posted-In: BZI-RecapsEarnings News

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