Snap-on (SNA)

Snap-on Incorporated is a leading global innovator, manufacturer and marketer of tools, equipment, diagnostics, repair information and systems solutions for professional users performing critical tasks. Products and services include hand and power tools, tool storage, diagnostics software, information and management systems, shop equipment and other solutions for vehicle dealerships and repair centers, as well as for customers in industries, including aviation and aerospace, agriculture, construction, government and military, mining, natural resources, power generation and technical education. Snap-on also derives income from various financing programs to facilitate the sales of its products and support its franchise business. Products and services are sold through the company's franchisee, company-direct, distributor and internet channels. Founded in 1920, Snap-on is a $3.6 billion, S&P 500 company headquartered in Kenosha, Wisconsin.

Company profile

Ticker

SNA

Exchange

NYSE

Website

www.snapon.com

CEO

Nicholas Pinchuk

Incorporated

Delaware

Location

Wisconsin

Fiscal year end

Dec 31

Sector

Other Services (except Public Administration) > Other Automotive Mechanical and Electrical Repair and Maintenance

Industry (SIC)

Cutlery, Handtools & General Hardware

Stanley Black & Decker • Hillman Solutions • Simpson Manufacturing • Lifetime Brands • L.S. Starrett • Compx International • Eastern • Acme United • Servotronics • Toughbuilt Industries ...

Former names

SNAP ON INC, SNAP ON TOOLS CORP

SEC CIK

0000091440

Corporate docs

Articles of Incorporation & Bylaws

Underwriting Agreements

Plans of Reorganization

Indentures

Material Contracts & Credit Agreements

Subsidiaries Lists

Subsidiaries

AutoCrib EMEA GmBH • Bahco Bisov Svenska AB • Blackhawk S.A.S. • Blueprint Enterprise, Inc. • Bonita IP LLC • BTC Global Limited • BTC Solutions Limited • Car-O-Liner APAC Distribution Center Co., Ltd. • Car-O-Liner (Beijing) Co., Ltd. • Car-O-Liner B.V. ...

IRS number

390622040

SNA stock data

1M 1Y 5Y

News

From Benzinga Pro

Snap-on's Return on Invested Capital Insights

22 Jul 22

According to Benzinga Pro, during Q2, Snap-on (NYSE:SNA) earned $237.20 million, a 6.51% increase from the preceding quarter. Snap-on also posted a total of $1.14 billion in sales, a 3.55% increase since Q1.

Snap-on Reports Q2 Results Above Analyst Expectations

21 Jul 22

Recap: Snap-on Q2 Earnings

21 Jul 22

Snap-on (NYSE:SNA) reported its Q2 earnings results on Thursday, July 21, 2022 at 06:30 AM. Here's what investors need to know about the announcement.

Snap-on Q2 EPS $4.27 Beats $3.94 Estimate, Sales $1.14B Beat $1.10B Estimate

21 Jul 22

Earnings Scheduled For July 21, 2022

21 Jul 22

Press releases

From Benzinga Pro

Snap-on Incorporated Declares Quarterly Dividend

4 Aug 22

The Snap-on Incorporated (NYSE:SNA) board of directors declared today a quarterly common stock dividend of $1.42 per share payable September 9, 2022, to shareholders of record on August 19, 2022. Snap-on has paid

Snap-on Announces Second Quarter 2022 Results

21 Jul 22

Sales of $1,136.6 million up 5.1% from Q2 2021, organic sales up 8.4%; Operating margin before financial services of 21.7% improves 160 basis points; Diluted EPS of $4.27 increases 13.6% from Q2 2021 Snap-on

Snap-on Incorporated to Webcast 2022 Second Quarter Results Conference Call

7 Jul 22

Snap-on Incorporated (NYSE:SNA) will release 2022 second quarter and six-month results prior to the market open on Thursday, July 21, 2022. A conference call to discuss the results will be held at 10:00 a.m. ET on that

Analyst ratings and price targets

Last 3 months

Calendar

21 Jul 22

20 Aug 22

31 Dec 22

Financial summary

Financial statements Chart SNA financial data

Quarter (USD)	Jul 22	Apr 22	Jan 22	Oct 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Jan 22	Jan 21	Dec 19	Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	812.9M	812.9M	812.9M	812.9M	812.9M	812.9M
Cash burn (monthly)	16.07M	12.75M	(no burn)	(no burn)	(no burn)	(no burn)
Cash used (since last report)	25.84M	20.5M	n/a	n/a	n/a	n/a
Cash remaining	787.06M	792.4M	n/a	n/a	n/a	n/a
Runway (months of cash)	49.0	62.1	n/a	n/a	n/a	n/a

Beta Read what these cash burn values mean

Financial data from Snap-on earnings reports.

Recent insider trades

SNA insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
16 Aug 22	Timothy L Chambers	Common Stock	Payment of exercise	Dispose F	No	No	233.35	4,222	985.2K	13,900.057
16 Aug 22	Timothy L Chambers	Common Stock	Option exercise	Acquire M	No	No	79.04	6,500	513.76K	18,122.057
16 Aug 22	Timothy L Chambers	Stock Option Common Stock	Option exercise	Dispose M	No	No	79.04	6,500	513.76K	0
11 Aug 22	Pinchuk Nicholas T	Common Stock	Sell	Dispose S	No	Yes	229.912	3,329	765.38K	640,339.168
11 Aug 22	Pinchuk Nicholas T	Common Stock	Sell	Dispose S	No	Yes	229.3499	14,102	3.23M	643,668.168
11 Aug 22	Pinchuk Nicholas T	Common Stock	Sell	Dispose S	No	Yes	228.3635	11,774	2.69M	657,770.168
11 Aug 22	Pinchuk Nicholas T	Common Stock	Sell	Dispose S	No	Yes	227.3147	2,580	586.47K	669,544.168
11 Aug 22	Pinchuk Nicholas T	Common Stock	Option exercise	Acquire M	No	Yes	79.04	50,000	3.95M	672,124.168
11 Aug 22	Pinchuk Nicholas T	Stock Option Common Stock	Option exercise	Dispose M	No	Yes	79.04	50,000	3.95M	50,000
5 Aug 22	Jesus Arregui	Common Stock	Sell	Dispose S	No	No	223.305	488	108.97K	2,408.627

Data from 3, 4 and 5 filings. Values as filed, not updated for current price.

Institutional ownership, Q2 2022

SNA institutional ownership history Ownership history

23.7% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	686	700	-2.0%
Opened positions	63	70	-10.0%
Closed positions	77	79	-2.5%
Increased positions	255	278	-8.3%
Reduced positions	249	228	+9.2%

13F shares	Current	Prev Q	Change
Total value	9.19B	9.84B	-6.6%
Total shares	46.79M	48.16M	-2.8%
Total puts	59.4K	197.4K	-69.9%
Total calls	41K	485.8K	-91.6%
Total put/call ratio	1.4	0.4	+256.5%

Largest owners	Shares	Value	Change
Vanguard	6.47M	$1.28B	+1.7%
BLK Blackrock	4.64M	$914.06M	-3.4%
STT State Street	2.24M	$441.1M	-3.4%
Managed Account Advisors	1.4M	$238.86M	0.0%
JPM JPMorgan Chase & Co.	1.33M	$261.38M	-14.1%
Geode Capital Management	1.32M	$260.55M	+9.4%
First Trust Advisors	1.3M	$256.14M	-7.9%
Charles Schwab Investment Management	1.07M	$209.99M	+5.9%
Dimensional Fund Advisors	1.05M	$206.21M	-3.4%
Ariel Investments	1.02M	$200.61M	-9.8%

Largest transactions	Shares	Bought/sold	Change
Steven Patrick Farmer	659.92K	+659.92K	NEW
AMP Ameriprise Financial	445.34K	-528.92K	-54.3%
LGEN Legal & General	0	-479.64K	EXIT
Parametric Portfolio Associates	0	-260.3K	EXIT
MS Morgan Stanley	679.76K	+245.11K	+56.4%
JPM JPMorgan Chase & Co.	1.33M	-218.61K	-14.1%
BLK Blackrock	4.64M	-164.19K	-3.4%
Intech Investment Management	148.14K	+148.14K	NEW
DekaBank Deutsche Girozentrale	315.72K	+142.71K	+82.5%
Natixis	2.6K	-135.16K	-98.1%

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Financial report summary

Competition

Dover

Management Discussion

Net sales of $1,136.6 million in the second quarter of 2022 increased $55.2 million, or 5.1%, from 2021 levels, reflecting an $87.6 million, or 8.4%, organic gain, partially offset by $32.4 million of unfavorable foreign currency translation.
Gross profit of $553.5 million in the second quarter of 2022 increased $10.4 million, or 1.9%, compared to $543.1 million last year. Gross margin (gross profit as a percentage of net sales) of 48.7% in the quarter declined 150 basis points (100 basis points (“bps”) equals 1.0 percent) from the second quarter of 2021 primarily due to higher material and other costs, partially offset by higher sales volumes and pricing actions, benefits from the company’s “Rapid Continuous Improvement” or “RCI” initiatives, and 30 bps of favorable foreign currency effects.
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 consolidations. 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.