Snap-On, Inc. (SNA) Tops Q1 EPS by 5c; Updates 2012 Outlook

Snap-On, Inc. (NYSE: SNA) reported Q1 EPS of $1.21, $0.05 better than the analyst estimate of $1.16. Revenue for the quarter came in at $735.2 million versus the consensus estimate of $736.78 million.

Snap-on anticipates that capital expenditures in 2012 will be in a range of $60 million to $70 million, of which $21.8 million was spent in the first quarter. Restructuring expenses in the second quarter of 2012 are expected to approximate $8 million, including the settlement of a pension plan related to the 2011 closure of the company’s Newmarket, Canada, facility. Snap-on also anticipates that its full year 2012 effective income tax rate will approximate 33.5%.

For earnings history and earnings-related data on Snap-On, Inc. (SNA) click here.

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