A maker of professional hand tools, power tools, and diagnostic equipment for mechanics and technicians, Snap-on sells its wrenches, sockets, and scanners through a distinctive fleet of dealer vans that visit auto shops on regular routes. Founded in 1920 in Milwaukee by Joseph Johnson and William Seidemann, the company got its name from its breakthrough product: ten sockets that could literally "snap on" to five interchangeable handles, replacing the need for a separate fixed wrench for every bolt. The founders' slogan, "Five do the work of Fifty," captured the idea that launched one of the world's best-known tool brands.
Snap-on reports Q1 2026 net sales of $1,207.2 million, up 5.8% from prior year.
Gross margin was 50.4%, down from 50.7% last year, including 40 basis points of unfavorable currency effects.
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Net sales for Q1 2026 were $1,207.2 million, an increase of 5.8% from Q1 2025, with organic sales up 3.4%.
Net earnings attributable to Snap-on were $247.0 million, or $4.69 per diluted share, compared to $240.5 million, or $4.51 per diluted share, a year ago.
Consolidated operating earnings were $318.8 million, or 24.4% of revenues, compared to $313.4 million, or 25.2%, in 2025.
The company projects 2026 capital expenditures of approximately $100 million and a full-year 2026 effective income tax rate in the range of 22% to 23%.
2.02 Results of Operations and Financial Condition · 9.01 Financial Statements and Exhibits
Snap-on reports Q3 2025 net sales of $1,190.8 million, up 3.8% from prior year.
Diluted EPS was $5.02, including a $0.31 per share benefit from a legal settlement, compared to $4.70 in Q3 2024.
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Third quarter 2025 net sales were $1,190.8 million, up 3.8% from $1,147.0 million in Q3 2024, with organic sales up 3.0%.
Consolidated operating earnings were $347.4 million, or 26.9% of revenues, compared to $324.1 million, or 26.0%, in the prior year.
Repair Systems & Information Group segment sales rose 8.9% organically to $464.8 million, while Commercial & Industrial Group organic sales declined 0.8%.
The company projects 2025 capital expenditures of approximately $100 million and a full-year 2025 effective income tax rate in the range of 22% to 23%.
2.02 Results of Operations and Financial Condition · 9.01 Financial Statements and Exhibits
Snap-on reports Q2 2025 net sales of $1,179.4M, diluted EPS of $4.72
Net sales of $1,179.4 million in Q2 2025 were unchanged from 2024, with an $8.6 million organic decline offset by favorable foreign currency translation.
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Operating earnings before financial services were $259.1 million, or 22.0% of net sales, down from $280.3 million, or 23.8%, in the prior year.
Consolidated operating earnings were $327.3 million, or 25.5% of revenues, compared to $350.5 million, or 27.4%, in 2024.
Net earnings attributable to Snap-on were $250.3 million, or $4.72 per diluted share, versus $271.2 million, or $5.07 per diluted share, a year ago.
The company expects full-year 2025 capital expenditures of approximately $100 million and an effective income tax rate in the range of 22% to 23%.
2.02 Results of Operations and Financial Condition · 9.01 Financial Statements and Exhibits
Snap-on reports Q1 2025 net sales of $1,141.1 million, diluted EPS of $4.51
First quarter 2025 net sales decreased 3.5% to $1,141.1 million from $1,182.3 million in 2024, with organic decline of 2.3% and unfavorable foreign currency translation of $13.9 million.
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Diluted EPS was $4.51, down from $4.91 in the prior year; net earnings attributable to Snap-on were $240.5 million versus $263.5 million.
Gross margin improved 20 basis points to 50.7% from the prior year level.
Consolidated operating earnings were $313.4 million, or 25.2% of revenues, compared to $339.2 million, or 26.5%, in 2024, which included a $11.3 million legal payment benefit.
For 2025, the company projects capital expenditures of approximately $100 million and expects a full-year effective income tax rate in the range of 22% to 23%.
2.02 Results of Operations and Financial Condition · 9.01 Financial Statements and Exhibits