Oct 22, 6:33 AM ET
Snap-on reported third-quarter 2026 net sales of $1,183.7 million, down $7.1 million or 0.6% from a year earlier, and net earnings of $243.0 million, or $4.64 per diluted share, versus $5.02 a year ago. The prior-year quarter included a $22.0 million legal settlement benefit, and management attributed the Tools Group decline to franchisee inventory reductions after a rise in diesel prices.
- Net sales were $1,183.7 million, down 0.6%, with a 2.8% organic sales decline partly offset by $25.6 million of acquisition-related sales.
- Operating earnings before financial services were $248.1 million, or 21.0% of net sales, compared with $278.5 million, or 23.4%, a year ago.
- Snap-on Tools Group sales fell 7.0% organically to $471.5 million, while Commercial & Industrial Group sales rose 7.4% organically to $404.3 million.
- Full-year 2026 capital expenditures are projected to approximate $100 million, with $69.0 million spent through the first nine months, and the effective tax rate is expected to approximate 22%.
Read the filing on SEC.gov ↗
Jul 23, 6:31 AM ET
Snap-on reported second-quarter 2026 results for the period ended July 4, 2026, with net sales of $1.2 billion, up 4.7% from a year earlier, and diluted earnings per share of $4.96 versus $4.72. Organic sales rose 3.0%, and gross margin improved to 51.4% from 50.5%. The filing gives no full-year guidance change; it projects 2026 capital expenditures of about $100 million and a full-year effective tax rate of about 22%.
- Net sales of $1,235.1 million, up $55.7 million or 4.7%, including a 3.0% organic gain
- Net earnings attributable to Snap-on of $260.6 million, or $4.96 per diluted share, versus $250.3 million, or $4.72, a year ago
- Gross margin of 51.4% versus 50.5%; operating earnings before financial services were 21.8% of net sales versus 22.0%
- Repair Systems & Information Group operating margin fell to 24.0% from 25.6%; the Commercial & Industrial Group margin rose to 16.8% from 13.5%
Read the filing on SEC.gov ↗
Apr 23, 6:31 AM ET
Snap-on reported first-quarter 2026 results for the period ended April 4, 2026. Net sales rose 5.8% to $1,207.2 million and net earnings attributable to the company rose to $247.0 million, or $4.69 per diluted share, from $240.5 million, or $4.51, a year earlier. Operating earnings before financial services rose, but the operating margin fell to 20.8% from 21.3%, and financial services earnings declined.
- Net sales of $1,207.2 million, up $66.1 million or 5.8%, including 3.4% organic growth and $26.9 million of favorable currency translation
- Diluted EPS of $4.69 versus $4.51 a year earlier; net earnings attributable to Snap-on of $247.0 million
- Operating margin before financial services of 20.8% versus 21.3%; financial services operating earnings of $68.0 million versus $70.3 million
- Full-year 2026 effective tax rate expected in the range of 22% to 23%; 2026 capital expenditures expected to approximate $100 million
Read the filing on SEC.gov ↗
Feb 5, 6:30 AM ET
Snap-on reported fourth-quarter 2025 net sales of $1,231.9 million, up 2.8% from a year earlier, with organic sales up 1.4%. Diluted EPS rose to $4.94 from $4.82, but full-year 2025 diluted EPS fell to $19.19 from $19.51, and the company projected 2026 capital expenditures of about $100 million.
- Q4 2025 net earnings attributable to Snap-on were $260.7 million, or $4.94 per diluted share, versus $258.1 million, or $4.82, a year earlier.
- Q4 operating earnings before financial services were flat at $265.2 million, with the margin at 21.5% versus 22.1% in 2024.
- Full-year 2025 net earnings attributable to Snap-on were $1,016.9 million, or $19.19 per diluted share, including a $0.31 per-share after-tax benefit from a legal settlement.
- For 2026, the company expects capital expenditures of about $100 million and an effective income tax rate of 22% to 23%.
Read the filing on SEC.gov ↗
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