廣告
香港股市 已收市

  • 恒指

    16,224.14
    -161.73 (-0.99%)
     

  • 國指

    5,746.61
    -57.25 (-0.99%)
     

  • 上證綜指

    3,065.26
    -8.96 (-0.29%)
     

  • 滬深300

    3,541.66
    -28.14 (-0.79%)
     

  • 美元

    7.8322
    +0.0010 (+0.01%)
     

  • 人民幣

    0.9240
    +0.0003 (+0.03%)
     

  • 道指

    37,775.38
    +22.07 (+0.06%)
     

  • 標普 500

    5,011.12
    -11.09 (-0.22%)
     

  • 納指

    15,601.50
    -81.87 (-0.52%)
     

  • 日圓

    0.0505
    +0.0001 (+0.12%)
     

  • 歐元

    8.3484
    +0.0140 (+0.17%)
     

  • 英鎊

    9.7490
    +0.0100 (+0.10%)
     

  • 紐約期油

    83.19
    +0.46 (+0.56%)
     

  • 金價

    2,397.00
    -1.00 (-0.04%)
     

  • Bitcoin

    64,761.32
    +3,275.39 (+5.33%)
     

  • CMC Crypto 200

    1,333.61
    +20.98 (+1.63%)
     

Snap-on Reports Q2 Results Above Analyst Expectations

Akanksha Bakshi
·1 分鐘文章

  • Snap-on Inc (NYSE: SNA) reported second-quarter FY22 sales growth of 5.1% year-over-year to $1.14 billion, an increase of 8.4% on an organic basis, beating the consensus of $1.10 billion.

  • EPS improved to $4.27 compared to $3.76 in 2Q21, beating the consensus of $3.94.

  • The gross margin contracted by 152 bps to 48.7%. The operating income before financial services increased by 13.6% Y/Y to $246.6 million, and the margin expanded by 162 bps to 21.7%.

  • Financial services revenue was $86.4 million compared to $86.9 million in 2Q21, and operating earnings were $65.3 million compared to $68.9 million.

  • Sales by segments: Commercial & Industrial $359.1 million (+2.5% Y/Y); Snap-on Tools $520.6 million (+7.5% Y/Y); and Repair Systems & Information $416.8 million (+4.6% Y/Y).

  • Snap-on generated cash from operating activities year-to-date of $334.7 million, compared to $557.5 million a year ago. It held cash and cash equivalents of $812.9 million as of July 2, 2022.

  • SNA expects to make continued progress in 2022 along its defined runways for coherent growth.

  • FY22 Outlook: Snap-on anticipates capital expenditures in 2022 of ~$90 million - $100 million, and it sees an effective income tax rate of 23% - 24%.

  • Price Action: SNA shares are trading higher by 0.96% at $209.82 on the last check Thursday.

See more from Benzinga

廣告

Don't miss real-time alerts on your stocks - join Benzinga Pro for free! Try the tool that will help you invest smarter, faster, and better.

© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.