Snap-on Inc (NYSE:SNA) reported Q4 FY23 results with a 3.5% Y/Y sales increase to $1.197 billion, missing consensus estimates by $5 million. The revenue growth was attributed to organic sales, acquisition-related sales, and favorable foreign currency translation. Despite a revenue miss, EPS of $4.75 beat the consensus of $4.66. Operating earnings and gross profit also saw increases from the previous year. However, shares fell 8.9% following the announcement. The company anticipates FY24 capital expenditures of $100 million to $110 million and an effective income tax rate of 22% to 23%.