Snap-on Expects To Make Ongoing Progress Along Its Defined Runways For Coherent Growth In 2024
Portfolio Pulse from Benzinga Newsdesk
Snap-on projects capital expenditures of $100 million to $110 million for 2024, with $45 million already incurred in the first half of the year. The company also anticipates a full-year 2024 effective income tax rate of 22% to 23%.
July 18, 2024 | 10:34 am
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Snap-on projects capital expenditures of $100 million to $110 million for 2024, with $45 million already incurred in the first half of the year. The company also anticipates a full-year 2024 effective income tax rate of 22% to 23%.
The projected capital expenditures indicate ongoing investment in growth, which is generally positive for future revenue and earnings. The anticipated effective tax rate provides clarity on expected financial performance.
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