Snap-on Incorporated: How They Are Grappling With Production Capacity and Product Availability! 

Snap-on Inc., known for manufacturing tools and equipment for professional use, delivered mixed results for its second quarter of 2024. The Company experienced a slight decline in gross sales of 1.1% organically, going from $1,191.3 million the previous year to $1,179.4 million. The operating income (OI) margin, though, rose to 23.8% from last year’s figures. However, excluding the benefit derived from a final payment from a recent legal win, the OI margin was 22.8%, less than the last year’s figure and indicative of certain management challenges.