Snap-on said consolidated net sales in 2024 were $4,707.4 million, a decrease of $22.8 million or 0.5% from 2023, reflecting an organic sales decline of $40.6 million or 0.9%, unfavorable foreign currency translation of $5.5 million, partially offset by acquisition-related sales of $23.3 million.

1. 01

   Snap-on said consolidated net sales in 2024 were $4,707.4 million, a decrease of $22.8 million or 0.5% from 2023, reflecting an organic sales decline of $40.6 million or 0.9%, unfavorable foreign currency translation of $5.5 million, partially offset by acquisition-related sales of $23.3 million.

2. 02

   The company said operating earnings in 2024 were $1,345.7 million, or 26.3% of net sales, compared to $1,310.4 million or 25.7% in 2023. Operating earnings in 2024 included a benefit of $22.5 million from final payments associated with a legal matter.

3. 03

   Snap-on said the Snap-on Tools Group segment net sales in 2024 were $1,989.2 million, a decrease of 4.8%, and segment operating earnings were $447.3 million, a decrease of 9.4% from $493.8 million in 2023. Operating margin was 22.5% compared to 23.6% last year.

4. 04

   The company said cash generated from operations in 2024 was $1,217.5 million, an increase from $1,154.2 million in 2023. In 2024, it paid dividends of $406.4 million and repurchased 952,000 shares for $290.0 million, with an additional repurchase authorization of $429.4 million remaining as of year end.

Key figures

Fiscal year ended December 28, 2024

Revenue

$4.7B

Operating income

$1.3B

Net income

$1.0B

EPS

$19.51

Operating cash flow

$1.2B

Analysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.