Snap-on Q3 net sales fall 0.6% to $1,183.7 million; diluted EPS $4.64 vs $5.02

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.

Key points

• 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%.

The filing

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI on Nov 7, 2026, 11:17 PM ET, from this filing only.

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.