Snap-On Misses Q2 Estimates, CEO Highlights Growth Opportunities: Details
Snap-On reported Q2 2024 net sales of $1.179B, down 1% YoY and missing consensus. Gross margin and profit declined, but operating income rose. Financial services revenue increased. Adjusted EPS below consensus. Segments: Commercial & Industrial up, Snap-on Tools down, Repair Systems & Information up. Cash and cash equivalents of $1.232B.