How did Snap-On's revenue and expenses trend in Q4 2024?
5/7/2025 05:10pm
Snap-On Incorporated (SNA) demonstrated robust revenue generation and effective cost management in Q4 2024, as evidenced by its financial performance metrics:
1. **Revenue Trend**: Snap-On's revenue was distributed across its business segments as follows:
- Snap-On Tools Group: $1.99 billion
- Repair Systems & Information Group: $1.8 billion
- Commercial & Industrial Group: $1.48 billion
- Intersegment Eliminations: -$141.6 million
The significant contributions from the Snap-On Tools Group and Repair Systems & Information Group indicate a strong operational focus on these segments.
|code|Ticker|Name|Date|Business Composition|Revenue By Business|market_code|
|---|---|---|---|---|---|---|
|SNA|SNA.N|Snap-On|20240101-2024|Intersegment Eliminations|-5.565E8|169|
|SNA|SNA.N|Snap-On|20240101-2024|Intersegment Eliminations|-4.128E8|169|
|SNA|SNA.N|Snap-On|20240101-2024|Intersegment Eliminations|-2.709E8|169|
|SNA|SNA.N|Snap-On|20240101-2024|Commercial& Industrial Group|3.599E8|169|
|SNA|SNA.N|Snap-On|20240101-2024|Commercial& Industrial Group|3.599E8|169|
|SNA|SNA.N|Snap-On|20240101-2024|Snap-On Tools Group|5.001E8|169|
|SNA|SNA.N|Snap-On|20240101-2024|Intersegment Eliminations|-1.415E8|169|
|SNA|SNA.N|Snap-On|20240101-2024|Repair Systems& Information Group|4.638E8|169|
2. **Net Income**: The company's net income for Q4 2024 was $264.2 million. This figure underscores the efficiency of Snap-On's cost management and operational processes, resulting in a healthy profit margin.
|code|Ticker|Name|Date|Net Income YoY|Net Income|market_code|
|---|---|---|---|---|---|---|
|SNA|SNA.N|Snap-On|2024 Q1|6.016515926071569|2.696E8|169|
|SNA|SNA.N|Snap-On|2024 Q2|2.852908484623935|2.776E8|169|
|SNA|SNA.N|Snap-On|2024 Q3|3.3721397029305504|2.575E8|169|
|SNA|SNA.N|Snap-On|2024 Q4|1.109835438193647|2.642E8|169|
In summary, Snap-On's Q4 2024 financials reflect a balanced revenue structure and effective cost management, leading to a strong net income. This performance is a testament to the company's strategic focus and operational excellence.