Company profile

Ticker
SNA
Exchange
CEO
Nicholas T. Pinchuk
Employees
Incorporated in
Location
Fiscal year end
Former names
Snap On Inc, Snap On Tools Corp
SEC CIK
IRS number
390622040

SNA stock data

(
)

Calendar

18 Jul 19
25 Aug 19
28 Dec 19

News

Company financial data Financial data

Quarter (USD) Jun 19 Mar 19 Dec 18 Sep 18
Revenue 1.04B 1.01B 1.04B 980.1M
Net income 180.4M 177.9M 175M 163.2M
Diluted EPS 3.22 3.16 3.09 2.85
Net profit margin 17.42% 17.66% 16.90% 16.65%
Operating income 250.5M 249.5M 238.2M 232.4M
Net change in cash 7.6M 15.5M 18.7M 9.9M
Cash on hand 164M 156.4M 140.9M 122.2M
Cost of revenue

Financial data from Snap-On earnings reports

Financial report summary

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Competition
Dover
Management Discussion
  • Net sales in the second quarter of 2019 decreased $3.3 million, or 0.3%, from 2018 levels, reflecting a $15.1 million, or 1.6%, increase in organic sales and $1.1 million of acquisition-related sales, more than offset by $19.5 million of unfavorable foreign currency translation. Snap-on has significant international operations and is subject to risks inherent with foreign operations, including foreign currency translation fluctuations.
  • Gross profit in the second quarter of 2019 decreased $13.3 million, or 2.7%, from 2018, including $11.3 million of unfavorable foreign currency effects. Gross margin (gross profit as a percentage of net sales) of 49.8% in the quarter declined 120 basis points (100 basis points (“bps”) equals 1.0 percent) from 51.0% last year primarily due to increased sales in lower gross margin businesses, 20 bps of unfavorable foreign currency effects, and higher material and other costs. These decreases in gross margin were partially offset by benefits from the company’s “Rapid Continuous Improvement” or “RCI” initiatives.
  • Snap-on’s RCI initiatives employ a structured set of tools and processes across multiple businesses and geographies intended to eliminate waste and improve operations. Savings from Snap-on’s RCI initiatives reflect benefits from a wide variety of ongoing efficiency, productivity and process improvements, including savings generated from product design cost reductions, improved manufacturing line set-up and change-over practices, lower-cost sourcing initiatives and facility optimization. Unless individually significant, it is not practicable to disclose each RCI activity that generated savings and/or segregate RCI savings embedded in sales volume increases.
Content analysis ?
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Constraining
Legalese
Litigous
Readability
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New words: clarify, field, Inline, instance, Interactive, mentioned, preliminary, quantification
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