Snap-on Inc. (SNA) reported second-quarter 2024 results, wherein both the top and bottom lines missed the Zacks Consensus Estimate. While revenues declined year over year, earnings experienced an increase from the year-ago period. Snap-on’s earnings of $4.91 per share came below the Zacks Consensus Estimate of $4.94. However, the figure improved from earnings of $4.89 per share reported in the year-ago quarter.Net sales dipped 1% year over year to $1,179.4 million and fell short of the Zacks Consensus Estim ...

Quarterly Financial Review Second Quarter 2024 Q2-2024 Quarterly Review © 2024 Snap-on Incorporated Snap-an Incorporated Who We Are OUR MISSION The most valued productivity solutions in the world BELIEFS We deeply believe in: Non-negotiable Product and Workplace Safety Uncompromising Quality Passionate Customer Care Fearless Innovation Rapid Continuous Improvement VALUES Our behaviors define our success: We demonstrate Integrity, We tell the Truth, We respect the Individual, We promote Teamwork. We Listen, ...

财务数据和关键指标变化 - 第二季度销售额为11.794亿美元,较去年同期的11.913亿美元略有下降 [12] - 剔除汇率和收购影响后,有机销售下降1.1% [12] - 营业利润率为23.8%,较去年同期上升50个基点 [12] - 剔除法律赔付收益后,营业利润率为22.8%,较去年同期有所下降但仍处于较高水平 [13] - 金融服务业务营业利润增长至7.02亿美元,带动整体营业利润率上升至27.4% [13] - 每股收益为5.07美元,剔除法律赔付收益后为4.91美元,创历史新高 [13] 各条业务线数据和关键指标变化 商业与工业(C&I)集团 - 销售额为3.72亿美元,有机增长1.2% [41] - 营业利润率为16.7%,创历史新高 [42] - 国际业务表现强劲,推动整体利润率上升 [19][20] 工具(Tools)集团 - 销售额为4.82亿美元,有机下降7.7% [43] - 营业利润率为23.8%,较去年下降250个基点 [43] - 毛利率基本持平,体现了新产品制造效率和持续改进的成果 [24] - 集团聚焦开发快速回报的创新产品,满足技师当前需求 [24][25][26][27][28] 维修系统与信息(RS&I)集团 - 销售额为4.59亿美元,有机增长1% [44] - 营业利润率为25%,较去年上升60个基点 [44] - 来自OEM经销商的销售增长抵消了诊断产品销售下滑 [72][73] 各个市场数据和关键指标变化 - 北美市场表现参差不齐,但关键行业保持强劲增长 [11] - 国际市场总体呈现正增长,欧洲市场有所恢复,亚太市场克服中国延迟复苏 [11] 公司战略和发展方向及行业竞争 - 公司的核心价值创造机制是深入观察工作现场,洞察客户需求,开发创新产品 [9][10] - 这一机制适用于多个行业和环境,体现了公司业务的广度和韧性 [10] - 公司持续投资拓展关键行业业务,如定制化解决方案和自动化工具控制等 [19][20][21][22][23] - 公司在OEM经销商和独立维修店的市场地位持续增强 [14][30][31][32][34][35] 管理层对经营环境和未来前景的评论 - 汽车维修行业机会广阔,车型复杂度不断提升,维修需求持续增长 [14][15] - 维修店和技师整体经营状况良好,但对未来前景仍存在担忧情绪 [15][16][17] - 关键行业需求保持强劲,公司在定制化解决方案方面具有优势 [17][18][19][20][23] - 公司有信心在当前不确定环境中保持韧性和进步,多个业务线的表现可以相互抵消 [52][53][54] 其他重要信息 - 公司持续扩大生产能力,以满足产品需求并提高效率 [57][58][59][60] - 公司维持对经销商网络的支持和培训,为未来复苏做好准备 [29] - 公司维持稳定的股息政策,并持续关注并购和股票回购机会 [115][116] 问答环节重要的提问和回答 问题1 **Luke Junk 提问** 询问公司扩产项目的进展情况以及如何利用新产能推出更多快速回报的产品 [57][58][59][60] **Nick Pinchuk 回答** 公司正在多个工厂进行产能扩张,一些新产能已经投入使用,正在提高效率。这些新产能将支持公司推出更多针对技师当前需求的快速回报产品 [57][58][59][60] 问题2 **Patrick Buckley 提问** 询问RS&I集团独立维修店和OEM经销商业务的差异情况 [72][73] **Nick Pinchuk 回答** OEM经销商业务保持强劲增长,独立维修店业务受到一定影响,主要是诊断产品销售下滑。但公司直销业务表现良好,部分分销商可能更谨慎 [72][73] 问题3 **Gary Prestopino 提问** 询问公司未来期间的营业费用水平 [81][82][83][84] **Nick Pinchuk 回答** 未来营业费用水平预计将处于较高端,公司将继续支持经销商网络,但不会大幅增加投入 [84]

Snap-On (SNA) came out with quarterly earnings of $4.91 per share, missing the Zacks Consensus Estimate of $4.94 per share. This compares to earnings of $4.89 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -0.61%. A quarter ago, it was expected that this tool and diagnostic equipment maker would post earnings of $4.66 per share when it actually produced earnings of $4.75, delivering a surprise of 1.93%.Over the last four quar ...

Exhibit 99 Snap-on Announces Second Quarter 2024 Results Diluted EPS of $5.07, including a $0.16 per share benefit from a legal payment, compares to $4.89 in Q2 2023; Operating margin before financial services of 23.8% compares to 23.3% in Q2 2023; Sales of $1,179.4 million compares to $1,191.3 million in Q2 2023 KENOSHA, Wis. — July 18, 2024 — Snap-on Incorporated (NYSE: SNA), a leading global innovator, manufacturer and marketer of tools, equipment, diagnostics, repair information and systems solutions fo ...

文章核心观点 - 公司预计将在第二季度实现营收和利润的同比增长 [1][2] - 公司的业务模式和增长策略有助于提升季度业绩 [4] - 公司的成本优化措施如RCI计划有助于提升利润率 [5][6][7] - 但公司仍面临宏观经济环境带来的挑战,如通胀压力和中国市场复苏缓慢 [10] 根据目录分类总结 公司业务表现 - 公司第二季度营收和利润有望实现同比增长 [1][2] - 公司在上季度业绩超预期,过去4个季度平均超预期3.8% [3] - 公司的业务模式和增长策略有助于提升季度业绩 [4] - 公司各业务部门表现良好,其中商业及工业部门和维修系统及信息部门有望实现较高增长 [8][9] 成本管控措施 - 公司的RCI计划和其他成本优化措施有助于提升利润率 [5][6][7] - RCI计划有助于提升组织效率、降低成本,并提升销售和利润率 [6] 宏观经济挑战 - 公司面临通胀压力和原材料成本上升等挑战,影响了公司的盈利能力 [10] - 中国市场复苏缓慢也给公司带来了不利影响 [10]

Snap-on Incorporated (SNA) is in good shape, thanks to its solid business strategies. The company’s growth strategies have been progressing well. It is focused on enhancing the franchise network, improving relationships with repair shop owners and managers, and expanding into critical industries in emerging markets. The Rapid Continuous Improvement (“RCI”) process is on track.Let’s Explore MoreThe RCI process is aimed at enhancing organizational effectiveness, reducing costs, and boosting sales and margins. ...

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Snap-on Incorporated (SNA) appears well-poised for growth, thanks to its solid business strategies. The company is focused on growth strategies, including enhancing the franchise network, improving relationships with repair shop owners and managers, and expanding into critical industries in emerging markets. Analysts seem optimistic about the company. The Zacks Consensus Estimate for 2024 sales and earnings per share (EPS) is pegged at $4.85 billion and $19.21, respectively, indicating year-over-year growth ...