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Dec 31, 2024
Snap-on Q4 2024 Earnings Report
Snap-on reported mixed results for Q4 2024, with slight revenue growth and improved EPS.
Key Takeaways
Snap-on's Q4 2024 saw a slight increase in net sales and improved operating margin before financial services. Diluted EPS increased to $4.82 from $4.75 in the previous year. The company highlighted the resilience of its markets and the capabilities of its team.
Net sales increased by 0.2% to $1,198.7 million.
Diluted EPS rose to $4.82, compared to $4.75 in Q4 2023.
Operating margin before financial services improved by 50 basis points to 22.1%.
Commercial & Industrial Group segment sales increased due to higher sales to customers in critical industries.
Revenue by Segment
Forward Guidance
Snap-on anticipates ongoing progress in 2025, leveraging its capabilities in automotive repair and expanding its customer base in adjacent markets and geographies. The company projects capital expenditures of approximately $100 million and expects its full-year effective income tax rate to be in the range of 22% to 23%.
Positive Outlook
- Leveraging capabilities proven 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 2025 will approximate $100 million.
- Full-year 2025 effective income tax rate will be in the range of 22% to 23%.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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