Every material Form 8-K Snap-on has filed with the SEC since July 20, 2023, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
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%.
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%
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
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%.
Snap-on reported third-quarter 2025 net sales of $1,190.8 million, up 3.8% from a year earlier, with organic sales up 3.0%. Diluted EPS was $5.02 versus $4.70 a year ago, but the figure includes a $0.31 per share after-tax benefit from a legal settlement, so shareholders should weigh the one-time item when comparing results.
Net sales of $1,190.8 million, up $43.8 million or 3.8%; organic sales up 3.0%
Diluted EPS of $5.02 versus $4.70 in Q3 2024, including a $0.31 per share after-tax legal settlement benefit ($16.2 million)
Repair Systems & Information operating earnings of $141.2 million versus $107.3 million, including a $22.0 million legal settlement benefit
Full-year 2025 effective income tax rate expected to be 22% to 23%; capital expenditures projected to approximate $100 million
Snap-on reported second-quarter 2025 net sales of $1,179.4 million, unchanged from 2024, with an organic decline of 0.7% offset by favorable currency translation. Diluted EPS fell to $4.72 from $5.07, partly because the prior-year quarter included a $0.16 per share benefit from legal payments that did not recur. Shareholders face flat sales and lower per-share profit, and the filing reaffirms a 2025 capital expenditure estimate of about $100 million and a full-year tax rate of 22% to 23%.
Net sales of $1,179.4 million were unchanged from the second quarter of 2024; organic sales declined $8.6 million, or 0.7%.
Net earnings attributable to Snap-on were $250.3 million, or $4.72 per diluted share, versus $271.2 million, or $5.07, a year ago.
Prior-year results included an $8.7 million, or $0.16 per diluted share, after-tax benefit from legal payments.
Operating earnings before financial services were 22.0% of net sales, compared with 23.8% last year; 2025 capital expenditures are projected to approximate $100 million.
Snap-on reported first-quarter 2025 net sales of $1,141.1 million, down 3.5% from a year earlier, with a 2.3% organic decline and $13.9 million of unfavorable currency effects. Net earnings attributable to Snap-on fell to $240.5 million, or $4.51 per diluted share, from $263.5 million, or $4.91, a year ago, and the prior-year period included an $8.8 million after-tax benefit from legal payments. Shareholders see lower sales and earnings, with the company citing reluctance to buy financed products in the Tools Group and mixed results across segments.
Net sales of $1,141.1 million, down $41.2 million or 3.5% from the first quarter of 2024
Diluted EPS of $4.51 versus $4.91 a year ago; prior-year results included $0.16 per share from legal payments
Gross margin of 50.7%, up 20 basis points; Repair Systems & Information operating margin rose to 25.7% from 24.3%
2025 outlook: capital expenditures of about $100 million and full-year effective tax rate of 22% to 23%
Snap-on reported fourth-quarter 2024 net earnings of $258.1 million, or $4.82 per diluted share, up from $4.75 a year earlier, on net sales of $1,198.7 million, nearly flat against $1,196.6 million. For full-year 2024, net sales fell 0.5% to $4,707.4 million, while diluted EPS rose to $19.51 from $18.76, helped by a $0.32 per share after-tax legal benefit, so shareholders see higher profit on slightly lower sales. The company expects 2025 capital expenditures of about $100 million and an effective tax rate of 22% to 23%.
Q4 2024 net sales of $1,198.7 million vs. $1,196.6 million a year earlier; operating margin before financial services rose to 22.1% from 21.6%
Full-year 2024 net sales of $4,707.4 million, down $22.8 million or 0.5%, including a 0.9% organic decline
Full-year 2024 diluted EPS of $19.51 vs. $18.76, including a $0.32 per share after-tax benefit from final legal matter payments received in the first half of 2024
2025 outlook: capital expenditures of about $100 million and effective income tax rate of 22% to 23%
Snap-on reported third-quarter 2024 results for the quarter ended September 28, 2024. Net sales fell 1.1% to $1,147.0 million, but diluted earnings per share rose 4.2% to $4.70, helped by an operating margin before financial services of 22.0%, up from 21.2%. For shareholders, per-share profit grew even though sales declined, and the company reaffirmed a 22% to 23% full-year 2024 tax rate outlook.
Net sales were $1,147.0 million, down $12.3 million or 1.1% from $1,159.3 million; organic sales fell 1.7%.
Net earnings attributable to Snap-on were $251.1 million, or $4.70 per diluted share, versus $4.51 a year earlier.
Operating margin before financial services was 22.0%, compared with 21.2% last year.
Full-year 2024 effective tax rate is expected to be 22% to 23%; 2024 capital expenditures are projected at about $100 million, with $65.4 million spent in the first nine months.
Snap-on reported second-quarter 2024 results with diluted EPS of $5.07, up from $4.89 a year earlier. The EPS figure includes a $0.16 per share benefit from a legal payment, while net sales fell 1.0% to $1,179.4 million on a 1.1% organic sales decline, so shareholders see higher per-share profit alongside shrinking sales.
Diluted EPS was $5.07 versus $4.89 in Q2 2023, including a $0.16 per share after-tax benefit from legal payments of $8.7 million.
Net sales were $1,179.4 million, down $11.9 million from $1,191.3 million, with organic sales down 1.1%.
Operating margin before financial services was 23.8% versus 23.3% a year earlier.
For 2024, capital expenditures are projected at $100 million to $110 million, and the full-year effective tax rate at 22% to 23%.
Snap-on reported first-quarter 2024 results on April 18, 2024. Diluted EPS rose to $4.91 from $4.60, including a $0.16 benefit from a legal payment, while net sales were flat at $1,182.3 million and organic sales fell 0.8%. Operating margin before financial services improved to 22.9% from 22.0%, and the company projected 2024 capital expenditures of $100 million to $110 million and a full-year effective tax rate of 22% to 23%.
Diluted EPS of $4.91 vs. $4.60 a year earlier, including an $0.16 per share after-tax legal payment benefit
Net sales of $1,182.3 million, down $0.7 million (0.1%); organic sales down $9.9 million (0.8%)
Operating earnings before financial services of $270.9 million vs. $259.8 million; margin 22.9% vs. 22.0%
2024 capital expenditure outlook of $100 million to $110 million; full-year effective tax rate expected at 22% to 23%
Snap-on said Senior Vice President of Human Resources and Chief Development Officer Anup R. Banerjee notified the company on February 15, 2024, that he intends to retire effective March 31, 2024. The filing says he spent 21 years with the company and does not disclose a successor or any financial terms, so the change is a routine executive transition with limited direct effect on shareholders.
Anup R. Banerjee, SVP Human Resources and Chief Development Officer, notified Snap-on on February 15, 2024
Planned retirement effective March 31, 2024
Mr. Banerjee had 21 years of service with Snap-on
Filing does not name a successor or disclose compensation arrangements
Snap-on reported fourth-quarter 2023 net sales of $1,196.6 million, up 3.5%, and diluted earnings per share of $4.75, up 7.5% from $4.42 a year earlier. For the full year, diluted EPS was $18.76, up 11.5%, on net sales of $4,730.2 million. The company also projected 2024 capital expenditures of $100 million to $110 million and an effective income tax rate of 22% to 23%.
Q4 2023 net earnings attributable to Snap-on were $255.3 million, or $4.75 per diluted share, versus $238.9 million, or $4.42, in Q4 2022.
Q4 organic sales rose 2.2%, while Snap-on Tools Group segment sales fell 5.7% organically.
Full-year 2023 net earnings attributable to Snap-on were $1,011.1 million, compared with $911.7 million in 2022.
For 2024, capital expenditures are projected at $100 million to $110 million and the effective tax rate at 22% to 23%.
Snap-on reported third-quarter 2023 results on October 19, 2023. Net sales rose $56.8 million, or 5.2%, to $1,159.3 million, and net earnings attributable to Snap-on rose to $243.1 million, or $4.51 per diluted share, from $223.9 million, or $4.14, a year earlier. The company also expects a full-year 2023 effective income tax rate of about 23% and capital expenditures of about $100 million, of which $73.9 million was incurred in the first nine months.
Net sales of $1,159.3 million in Q3 2023, up 5.2%; organic sales up 4.7%
Operating margin before financial services of 21.2%, up 90 basis points from 20.3%
Diluted EPS of $4.51 versus $4.14 a year earlier; nine-month diluted EPS of $14.00 versus $12.41
2023 capital expenditures projected at about $100 million; full-year effective tax rate about 23%
Snap-on entered into a five-year, $900 million multi-currency revolving credit facility maturing September 12, 2028, which replaces its previous $800 million facility set to expire September 16, 2024. As of September 12, 2023, no amounts were outstanding under either facility. The filing describes the terms but does not report any borrowing or change in reported financial results.
New facility: $900 million, five years, terminates September 12, 2028
Accordion feature may increase maximum commitment by up to $450 million with lender approval
Previous facility: $800 million, set to terminate September 16, 2024; no amounts outstanding under either facility
Borrowing spread of 58 to 102.5 basis points over SOFR-based rates, with facility fees of 4.5 to 10 basis points
Snap-on reported second-quarter 2023 results for the period ended July 1, 2023. Net sales rose 4.8% to $1,191.3 million and net earnings attributable to Snap-on rose to $264.0 million, or $4.89 per diluted share, from $231.5 million, or $4.27, a year earlier. For shareholders, both sales and profit grew, and the outlook section gives 2023 capital expenditure and tax rate estimates.
Net sales of $1,191.3 million, up $54.7 million or 4.8% from the second quarter of 2022; organic sales rose 5.6%
Operating earnings before financial services were 23.3% of net sales, up 160 basis points from 21.7%
Net earnings attributable to Snap-on of $264.0 million, or $4.89 per diluted share, versus $231.5 million, or $4.27, a year ago
2023 outlook: capital expenditures approximate $100 million ($48.8 million spent in the first six months); full-year effective tax rate of 23% to 24%
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