Snap-On reports Q2 EPS $5.07 with items, consensus $4.94

Q2 EPS includes a 16c per share benefit from a legal payment, Reports Q2 revenue $1.18B, consensus $1.2B. “While the general uncertainty continues, we’re encouraged by our second quarter 2024 results,” said CEO Nick Pinchuk. “There have been challenges but, at the same time, there have been substantial opportunities along our runways for growth. And, we’ve taken direct advantage, producing positive contributions to our way forward, as clearly demonstrated by our ongoing progress with customers in critical industries and with repair shop owners and managers. ..Finally, as I’ve said before, the strength of our corporation is dependent on the experience and capability of Snap-on people worldwide. I want to thank both our franchisees and our associates for their valuable efforts on behalf of our company, for their steadfast dedication to our team, and for their unwavering belief in our days and years to come.”