Discontinued — last reported Q2 '23
Restructuring Reserve
Snap-on Restructuring Reserve decreased by 12.0% to $2.20M in Q2 2023 compared to the prior quarter. Year-over-year, this metric declined by 59.3%, from $5.40M to $2.20M. Over 2 years (FY 2020 to FY 2022), Restructuring Reserve shows a downward trend with a -47.1% CAGR. This is a positive signal — lower values indicate better performance for this metric.
Analysis
How to read this metric
An increase indicates active cost-cutting or strategic realignment, while a decrease suggests the completion of restructuring phases.
Detailed definition
This represents the estimated liability for costs associated with formal restructuring plans, such as workforce reductio...
Peer comparison
Varies significantly based on the company's current phase of operational transformation.
restructuring_reserveHistorical Data
| Q1 '21 | Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Value | $9.50M | $8.50M | $7.60M | $7.00M | $6.10M | $5.40M | $3.80M | $2.80M | $2.50M | $2.20M |
| QoQ Change | — | -10.5% | -10.6% | -7.9% | -12.9% | -11.5% | -29.6% | -26.3% | -10.7% | -12.0% |
| YoY Change | — | — | — | — | -35.8% | -36.5% | -50.0% | -60.0% | -59.0% | -59.3% |
Business Segments
| Segment | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|
| Commercial & Industrial Group | $4.70M | $4.30M | $3.80M | $3.40M | $2.50M | $1.60M | $1.50M | $1.40M |
| Repair Systems & Information Group | $2.60M | $2.40M | $2.00M | $1.70M | $1.20M | $1.10M | $900.00K | $800.00K |
| Snap-on Tools Group | $300.00K | $300.00K | $300.00K | $300.00K | $100.00K | $100.00K | $100.00K | $0.00 |
| Total | $7.60M | $7.00M | $6.10M | $5.40M | $3.80M | $2.80M | $2.50M | $2.20M |
Commercial & Industrial Group, Repair Systems & Information Group, Snap-on Tools Group were previously reported and have since been discontinued or reclassified. Only currently active segments are shown in the chart.
Restructuring Reserve at Other Companies
Frequently Asked Questions
- What is Snap-on's restructuring reserve?
- Snap-on (SNA) reported restructuring reserve of $2.20M in Q2 2023.
- How has Snap-on's restructuring reserve changed year-over-year?
- Snap-on's restructuring reserve decreased by 59.3% year-over-year, from $5.40M to $2.20M.
- What is the long-term trend for Snap-on's restructuring reserve?
- Over 2 years (2020 to 2022), Snap-on's restructuring reserve has grown at a -47.1% compound annual growth rate (CAGR), from $10.00M to $2.80M.
- What does restructuring reserve mean?
- Funds set aside to cover the costs of reorganizing or downsizing business operations.