Snap-on Q1 sales fall 3.5% to $1.14 billion; diluted EPS $4.51 vs. $4.91
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.
Key points
- 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%
The filing
Written by AI on Nov 8, 2026, 12:42 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on April 17, 2025.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.