NYSE$SNA
Snap-on Incorporated · Q4 2023 earnings
Q4 2023 earnings · · Investor relations
Briefing
Snap-on's Q4 2023 performance reflected growth and strategic advancements.
Snap-on reported a 3.5% increase in net sales for Q4 2023, reaching $1,196.6 million, with diluted EPS of $4.75, a 7.5% increase from Q4 2022. The company's Commercial & Industrial Group saw growth, while the Snap-on Tools Group experienced a slight sales decline. The acquisition of Mountz, Inc. expanded the product offering for critical industries.
- Net sales increased by 3.5% to $1,196.6 million, with organic sales up 2.2%.
- Diluted EPS rose to $4.75, a 7.5% increase compared to Q4 2022.
- Operating earnings before financial services were $257.9 million, representing 21.6% of net sales.
- The acquisition of Mountz, Inc. expanded the company's product offerings for critical industries.
Headline financials
Revenue & EPS history
Snap-on · Revenue · Quarterly
$1.29B
Revenue by segment
Snap-on · $1.41B total across 4 segments · Q3 2023
- Snap-on Tools$515M+3.8%36.6%
- Repair Systems & Info$432M+4.3%30.7%
- Commercial & Industrial$366M+2.7%26.0%
- Financial Services$94.9M+8.7%6.7%
Forward guidance
Snap-on anticipates ongoing advancement along its growth paths in 2024, utilizing established skills in automotive repair and broadening its customer base across various markets and geographies, including vital industries.
Tailwinds
- Ongoing progress along defined runways for coherent growth
- Leveraging capabilities already demonstrated in the automotive repair arena
- Developing and expanding its professional customer base
- Extending in critical industries where the cost and penalties for failure can be high
- Capital expenditures in 2024 projected to be in the range of $100 million to $110 million
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q4 2023
+0.6%
Avg return
Earnings day
-0.4%
Avg return
5 days after
+1.9%
Avg return
30 days after
55%
36 / 66 earnings
Positive
+11.4%
Q4 2013
Best reaction
-10.9%
Q4 2023
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +0.0% | -1.3% | -4.0% | |
| Q4 2025 | -3.2% | -1.4% | -2.8% | |
| Q3 2025 | +3.5% | +4.0% | -0.8% | |
| Q2 2025 | +1.4% | +1.5% | +3.4% | |
| Q1 2025 | -8.0% | -9.2% | -0.1% | |
| Q4 2024 | -4.6% | -5.3% | -3.9% | |
| Q3 2024 | +9.4% | +8.5% | +19.8% | |
| Q2 2024 | -1.8% | -0.3% | +0.2% | |
| Q1 2024 | -5.2% | -4.3% | -1.6% | |
| Q4 2023 | -10.9% | -11.0% | +0.3% | |
| Q3 2023 | +1.0% | +1.5% | +10.9% | |
| Q2 2023 | -6.4% | -7.2% | -8.8% | |
| Q1 2023 | +9.7% | +7.5% | +8.8% | |
| Q4 2022 | +3.7% | +1.6% | -0.1% | |
| Q3 2022 | -2.8% | +2.1% | +10.6% | |
| Q2 2022 | +2.6% | +3.9% | +10.7% | |
| Q1 2022 | -1.7% | -3.0% | -7.2% | |
| Q4 2021 | +1.3% | +0.4% | -1.7% | |
| Q3 2021 | -7.7% | -9.8% | -5.4% | |
| Q2 2021 | +0.2% | -1.6% | -2.0% | |
| Q1 2021 | +0.7% | +1.1% | +5.5% | |
| Q4 2020 | +4.0% | +6.8% | +22.5% | |
| Q3 2020 | +9.1% | +2.0% | +11.4% | |
| Q2 2020 | -1.2% | +2.0% | +3.5% | |
| Q1 2020 | -0.8% | +1.2% | +15.9% | |
| Q4 2019 | -4.9% | -5.0% | -13.4% | |
| Q3 2019 | -0.3% | +2.9% | +3.6% | |
| Q2 2019 | -2.4% | +0.7% | -4.1% | |
| Q1 2019 | +6.7% | +8.5% | +3.4% | |
| Q4 2018 | -7.6% | -6.0% | -4.8% | |
| Q3 2018 | -10.2% | -11.0% | -1.4% | |
| Q2 2018 | +9.8% | +4.7% | +10.8% | |
| Q1 2018 | +2.2% | +1.8% | +4.7% | |
| Q4 2017 | -4.7% | -5.4% | -8.0% | |
| Q3 2017 | +4.3% | +5.7% | +2.3% | |
| Q2 2017 | -4.9% | -4.9% | -6.2% | |
| Q1 2017 | +7.0% | +6.8% | +1.2% | |
| Q4 2016 | -5.8% | -7.5% | -5.4% | |
| Q3 2016 | +6.3% | +5.1% | +12.5% | |
| Q2 2016 | -2.1% | -2.4% | -4.8% | |
| Q1 2016 | -0.4% | — | — | |
| Q4 2015 | -8.6% | — | — | |
| Q3 2015 | +2.4% | — | — | |
| Q2 2015 | -1.5% | — | — | |
| Q1 2015 | +3.2% | — | — | |
| Q4 2014 | +7.3% | — | — | |
| Q3 2014 | +6.8% | — | — | |
| Q2 2014 | +3.9% | — | — | |
| Q1 2014 | +3.4% | — | — | |
| Q4 2013 | +11.4% | — | — | |
| Q3 2013 | +3.2% | — | — | |
| Q2 2013 | +2.5% | — | — | |
| Q1 2013 | -1.6% | — | — | |
| Q4 2012 | -2.3% | — | — | |
| Q3 2012 | +2.2% | — | — | |
| Q2 2012 | +10.3% | — | — | |
| Q1 2012 | +3.4% | — | — | |
| Q4 2011 | +2.8% | — | — | |
| Q3 2011 | +4.6% | — | — | |
| Q2 2011 | -2.8% | — | — | |
| Q4 2009 | +2.5% | — | — | |
| Q1 2011 | +2.5% | — | — | |
| Q3 2010 | +3.4% | — | — | |
| Q4 2010 | -1.7% | — | — | |
| Q2 2010 | -1.7% | — | — | |
| Q1 2010 | +1.7% | — | — |
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