Snap-on Inc. Files 10-Q for Period Ending March 30, 2024
Ticker: SNA · Form: 10-Q · Filed: 2024-04-18T00:00:00.000Z
Sentiment: neutral
Topics: Snap-on Inc., 10-Q, Quarterly Report, Financials, Hand Tools
TL;DR
<b>Snap-on Inc. filed its quarterly report (10-Q) for the period ending March 30, 2024, providing an update on its financial performance.</b>
AI Summary
Snap-on Inc (SNA) filed a Quarterly Report (10-Q) with the SEC on April 18, 2024. Snap-on Inc. reported financial results for the period ending March 30, 2024. The filing is a 10-Q, indicating a quarterly report. The company's fiscal year ends on December 28th. Snap-on Inc. is categorized under CUTLERY, HANDTOOLS & GENERAL HARDWARE (SIC 3420). The filing was submitted on April 18, 2024.
Why It Matters
For investors and stakeholders tracking Snap-on Inc, this filing contains several important signals. This 10-Q filing provides investors with the latest financial data for Snap-on Inc., crucial for assessing the company's performance and making informed investment decisions. As a manufacturer of hand tools and hardware, Snap-on Inc.'s quarterly performance can indicate trends in the industrial and automotive sectors it serves.
Risk Assessment
Risk Level: low — Snap-on Inc shows low risk based on this filing. The filing is a standard quarterly report (10-Q) and does not contain any immediate red flags or significant negative developments, indicating a low level of immediate risk.
Analyst Insight
Monitor future filings for detailed segment performance and any changes in financial health metrics.
Key Numbers
- 2024-03-30 — Report Period End Date (The end date of the reporting period)
- 2024-04-18 — Filing Date (The date the report was filed with the SEC)
- 3420 — Standard Industrial Classification (Industry code for Snap-on Inc.)
- 12/28 — Fiscal Year End (The end date of the company's fiscal year)
Key Players & Entities
- Snap-on Inc. (company) — Filer and subject of the report
- 2024-03-30 (date) — Period end date for the report
- 2024-04-18 (date) — Filing date of the report
- 390622040 (company) — IRS number for Snap-on Inc.
- DE (jurisdiction) — State of incorporation for Snap-on Inc.
- 2626565200 (phone) — Business phone number for Snap-on Inc.
FAQ
When did Snap-on Inc file this 10-Q?
Snap-on Inc filed this Quarterly Report (10-Q) with the SEC on April 18, 2024.
What is a 10-Q filing?
A 10-Q is a quarterly financial report with unaudited financials, management discussion, and interim business updates. This particular 10-Q was filed by Snap-on Inc (SNA).
Where can I read the original 10-Q filing from Snap-on Inc?
You can access the original filing directly on the SEC's EDGAR system. The filing is publicly available and includes all exhibits and attachments submitted by Snap-on Inc.
What are the key takeaways from Snap-on Inc's 10-Q?
Snap-on Inc filed this 10-Q on April 18, 2024. Key takeaways: Snap-on Inc. reported financial results for the period ending March 30, 2024.. The filing is a 10-Q, indicating a quarterly report.. The company's fiscal year ends on December 28th..
Is Snap-on Inc a risky investment based on this filing?
Based on this 10-Q, Snap-on Inc presents a relatively low-risk profile. The filing is a standard quarterly report (10-Q) and does not contain any immediate red flags or significant negative developments, indicating a low level of immediate risk.
What should investors do after reading Snap-on Inc's 10-Q?
Monitor future filings for detailed segment performance and any changes in financial health metrics. The overall sentiment from this filing is neutral.
How does Snap-on Inc compare to its industry peers?
Snap-on Inc. operates in the hand tools and general hardware industry, serving professional markets.
Are there regulatory concerns for Snap-on Inc?
The filing is a standard SEC Form 10-Q, adhering to regulations for quarterly financial reporting by public companies.
Industry Context
Snap-on Inc. operates in the hand tools and general hardware industry, serving professional markets.
Regulatory Implications
The filing is a standard SEC Form 10-Q, adhering to regulations for quarterly financial reporting by public companies.
What Investors Should Do
- Review the full 10-Q filing for detailed financial statements and management discussion.
- Analyze segment performance data once available in the detailed filing.
- Compare current quarter results to historical performance and industry benchmarks.
Year-Over-Year Comparison
This is the first 10-Q filing for the fiscal year 2024, following the 2023 annual report (10-K).
From the Filing
0000091440-24-000029.txt : 20240418 0000091440-24-000029.hdr.sgml : 20240418 20240418111111 ACCESSION NUMBER: 0000091440-24-000029 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 113 CONFORMED PERIOD OF REPORT: 20240330 FILED AS OF DATE: 20240418 DATE AS OF CHANGE: 20240418 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Snap-on Inc CENTRAL INDEX KEY: 0000091440 STANDARD INDUSTRIAL CLASSIFICATION: CUTLERY, HANDTOOLS & GENERAL HARDWARE [3420] ORGANIZATION NAME: 04 Manufacturing IRS NUMBER: 390622040 STATE OF INCORPORATION: DE FISCAL YEAR END: 1228 FILING VALUES: FORM TYPE: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 001-07724 FILM NUMBER: 24853345 BUSINESS ADDRESS: STREET 1: 2801 80TH STREET CITY: KENOSHA STATE: WI ZIP: 53143 BUSINESS PHONE: 2626565200 MAIL ADDRESS: STREET 1: 2801 80TH STREET CITY: KENOSHA STATE: WI ZIP: 53143 FORMER COMPANY: FORMER CONFORMED NAME: SNAP-ON Inc DATE OF NAME CHANGE: 20080918 FORMER COMPANY: FORMER CONFORMED NAME: SNAP ON INC DATE OF NAME CHANGE: 19940519 FORMER COMPANY: FORMER CONFORMED NAME: SNAP ON TOOLS CORP DATE OF NAME CHANGE: 19920703 10-Q 1 sna-20240330.htm 10-Q sna-20240330 FALSE 2024 Q1 0000091440 12/28 21 2 http://fasb.org/us-gaap/2023#PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization http://fasb.org/us-gaap/2023#PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization http://fasb.org/us-gaap/2023#OtherAccruedLiabilitiesCurrent http://fasb.org/us-gaap/2023#OtherAccruedLiabilitiesCurrent http://fasb.org/us-gaap/2023#OtherLiabilitiesNoncurrent http://fasb.org/us-gaap/2023#OtherLiabilitiesNoncurrent http://fasb.org/us-gaap/2023#OtherAccruedLiabilitiesCurrent http://fasb.org/us-gaap/2023#OtherAccruedLiabilitiesCurrent 352 0000091440 2023-12-31 2024-03-30 0000091440 2024-04-12 xbrli:shares 0000091440 sna:ProductAndServicesExcludingFinancialServicesMember 2023-12-31 2024-03-30 iso4217:USD 0000091440 sna:ProductAndServicesExcludingFinancialServicesMember 2023-01-01 2023-04-01 0000091440 us-gaap:FinancialServiceMember 2023-12-31 2024-03-30 0000091440 us-gaap:FinancialServiceMember 2023-01-01 2023-04-01 0000091440 2023-01-01 2023-04-01 iso4217:USD xbrli:shares 0000091440 sna:ScenarioRoundingMember 2023-12-31 2024-03-30 0000091440 sna:ScenarioRoundingMember 2023-01-01 2023-04-01 0000091440 2024-03-30 0000091440 2023-12-30 0000091440 us-gaap:FinanceReceivablesMember 2024-03-30 0000091440 us-gaap:FinanceReceivablesMember 2023-12-30 0000091440 us-gaap:LoansReceivableMember 2024-03-30 0000091440 us-gaap:LoansReceivableMember 2023-12-30 0000091440 us-gaap:LandMember 2024-03-30 0000091440 us-gaap:LandMember 2023-12-30 0000091440 us-gaap:BuildingAndBuildingImprovementsMember 2024-03-30 0000091440 us-gaap:BuildingAndBuildingImprovementsMember 2023-12-30 0000091440 sna:MachineryEquipmentAndComputerSoftwareMember 2024-03-30 0000091440 sna:MachineryEquipmentAndComputerSoftwareMember 2023-12-30 0000091440 us-gaap:CommonStockMember 2023-12-30 0000091440 us-gaap:AdditionalPaidInCapitalMember 2023-12-30 0000091440 us-gaap:RetainedEarningsMember 2023-12-30 0000091440 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2023-12-30 0000091440 us-gaap:TreasuryStockCommonMember 2023-12-30 0000091440 us-gaap:NoncontrollingInterestMember 2023-12-30 0000091440 us-gaap:RetainedEarningsMember 2023-12-31 2024-03-30 0000091440 us-gaap:NoncontrollingInterestMember 2023-12-31 2024-03-30 0000091440 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2023-12-31 2024-03-30 0000091440 us-gaap:AdditionalPaidInCapitalMember 2023-12-31 2024-03-30 0000091440 us-gaap:TreasuryStockCommonMember 2023-12-31 2024-03-30 0000091440 us-gaap:CommonStockMember 2024-03-30 0000091440 us-gaap:AdditionalPaidInCapitalMember 2024-03-30 0000091440 us-gaap:RetainedEarningsMember 2024-03-30 0000091440 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2024-03-30 0000091440 us-gaap:TreasuryStockCommonMember 2024-03-30 0000091440 us-gaap:NoncontrollingInterestMember 2024