Snap-on (SNA) 10-K Summary — Year Ended Dec 28, 2024
Snap-on Incorporated filed its annual report for the period ended in late 2024. The filing provides financial results, risk factor references, and a discussion of liquidity and capital resources.
Key takeaway
Year ended Dec 28, 2024 · FY2025 10-K
Snap-on Incorporated filed its annual report for the period ended in late 2024. The filing provides financial results, risk factor references, and a discussion of liquidity and capital resources.
Financial snapshot
Selected annual figures reported with the filing, shown separately from the narrative summary.
Annual revenue
$4.7B
Revenue reported for the fiscal year.
Operating income
$1.3B
Income from operations reported for the year.
Net income
$1B
Net income reported for the year.
Operating cash flow
$1.2B
Cash generated by operating activities.
Annual revenue trend
Reported annual revenue and its change from the preceding fiscal year.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jan 1, 2022 | $4.6B | n/a |
| Dec 31, 2022 | $4.8B | +5.2% |
| Dec 30, 2023 | $4.7B | -2.9% |
| Dec 28, 2024 | $4.7B | -0.5% |
Business overview
The filing references a business overview in Item 1, but no specific description of the company's operations is included in the supplied data. The business is described only by cross-references to the full filing.
Financial performance
Revenue was essentially unchanged from the preceding year, following a slight increase in the prior period. Operating income, net income, and operating cash flow were reported at levels consistent with the company's scale.
Material risks
The filing references risk factors in Item 1A, but no specific risk details are provided in the supplied data. The discussion of liquidity notes that the company cannot assure future financing availability or debt rating stability.
Liquidity and capital
The company has historically funded growth through operating cash flow and debt, and believes current cash, borrowings, and collections are sufficient to meet anticipated requirements. Its credit ratings are currently investment-grade across major agencies.
What to watch
Monitor whether the company maintains its credit ratings and access to financing on acceptable terms, as noted in the liquidity discussion.