2023-07-20 06:35:21 ET
- Snap-On press release ( NYSE: SNA ): Q2 GAAP EPS of $4.89 beats by $0.31 .
- Revenue of $1.19B (+4.8% Y/Y) in-line.
- Net sales of $1,191.3 million in the second quarter of 2023 represented an increase of $54.7 million, or 4.8%, from 2022 levels, reflecting a $63.0 million, or 5.6%, organic sales gain, partially offset by $8.3 million of unfavorable foreign currency translation.
- Snap-on currently anticipates that its full year 2023 effective income tax rate will be in the range of 23% to 24%.
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Snap-On GAAP EPS of $4.89 beats by $0.31, revenue of $1.19B in-line