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Snap-on Tools' sequential sales growth has the market optimistic that the company's growth could turn around.
SNA reports lower sales in third-quarter 2024 on a decline in sales across most of its segments.
Snap-on Incorporated (NYSE:SNA ) Q3 2024 Earnings Conference Call October 17, 2024 10:00 AM ET Company Participants Sara Verbsky - VP, IR Nick Pinchuk - CEO Aldo Pagliari - CFO Conference Call Participants Christopher Glynn - Oppenheimer Gary Prestopino - Barrington Research David MacGregor - Longbow Research Luke Junk - Baird Bret Jordan - Jefferies Carolina Jolly - Gabelli Operator Good morning and welcome to the Snap-on Incorporated 2024 Third Quarter Results Conference Call. All participants will be in listen-only mode.
Although the revenue and EPS for Snap-On (SNA) give a sense of how its business performed in the quarter ended September 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Snap-On (SNA) came out with quarterly earnings of $4.70 per share, beating the Zacks Consensus Estimate of $4.58 per share. This compares to earnings of $4.51 per share a year ago.
KENOSHA, Wis.--(BUSINESS WIRE)--Snap-on announced operating results for third quarter 2024, including diluted EPS of $4.70 and operating margin before financial services of 22.0%.
SNA's quarterly performance is likely to benefit from strategic initiatives such as enhancing the franchise network, cost-control efforts and increasing brand awareness.
SNA's performance benefits from strategic initiatives such as enhancing the franchise network, cost-control efforts and increasing brand awareness.
Snap-on witnesses business momentum driven by contributions from its Value-Creation plan, the RCI process and other cost-reduction initiatives.
Explore how Snap-On's (SNA) revenue from international markets is changing and the resulting impact on Wall Street's predictions and the stock's prospects.