Discontinued — last reported Q2 '23
Business Segments · Restructuring reserve
Commercial & Industrial Group — Restructuring reserve
Snap-on Commercial & Industrial Group — Restructuring reserve decreased by 6.7% to $1.40M in Q2 2023 compared to the prior quarter. Year-over-year, this metric declined by 58.8%, from $3.40M to $1.40M. This is a positive signal — lower values indicate better performance for this metric.
Analysis
StatementSegment
CategoryEfficiency
SignalLower is better
VolatilityModerate
First reportedQ4 2013
Last reportedQ2 2023Jul 20, 2023
Rolls up toRestructuring Reserve
How to read this metric
A high reserve indicates significant ongoing or planned operational changes, while a declining reserve suggests the completion of restructuring phases.
Detailed definition
This represents the liability set aside by the Commercial & Industrial segment to cover future costs associated with org...
Peer comparison
Comparable to restructuring accruals or provisions found in the segment-level financial disclosures of industrial firms.
Metric ID:
sna_segment_commercial_industrial_group_restructuring_reserveHistorical Data
10 periods
| Q1 '21 | Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Value | $5.50M | $5.00M | $4.70M | $4.30M | $3.80M | $3.40M | $2.50M | $1.60M | $1.50M | $1.40M |
| QoQ Change | — | -9.1% | -6.0% | -8.5% | -11.6% | -10.5% | -26.5% | -36.0% | -6.3% | -6.7% |
| YoY Change | — | — | — | — | -30.9% | -32.0% | -46.8% | -62.8% | -60.5% | -58.8% |
Range$1.40M – $5.50M
CAGR-45.6%
Avg YoY Growth-48.6%
Median YoY Growth-52.8%
Current Streak9+ quarters decline
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Frequently Asked Questions
- What is Snap-on's commercial & industrial group — restructuring reserve?
- Snap-on (SNA) reported commercial & industrial group — restructuring reserve of $1.40M in Q2 2023.
- How has Snap-on's commercial & industrial group — restructuring reserve changed year-over-year?
- Snap-on's commercial & industrial group — restructuring reserve decreased by 58.8% year-over-year, from $3.40M to $1.40M.
- What does commercial & industrial group — restructuring reserve mean?
- The estimated future costs set aside for planned restructuring activities within the segment.