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Snap-on Incorporated (SNA) Q2 2026 Earnings Call July 23, 2026 10:00 AM EDT

Company Participants

Sara Verbsky - Vice President of Investor Relations
Nicholas Pinchuk - Chairman, CEO & President
Aldo Pagliari - Senior VP of Finance & CFO

Conference Call Participants

David S. MacGregor - Longbow Research LLC
Christopher Glynn - Oppenheimer & Co. Inc., Research Division
Scott Stember - ROTH Capital Partners, LLC, Research Division
Gary Prestopino - Barrington Research Associates, Inc., Research Division
Bret Jordan - Jefferies LLC, Research Division

Presentation

Operator

Good day, and welcome to the Snap-on Incorporated 2026 Second Quarter Results Conference Call. [Operator Instructions] Please note that this event is being recorded. I would now like to turn the call over to Sara Verbsky, Vice President, Investor Relations. Please go ahead.

Sara Verbsky
Vice President of Investor Relations

Thank you, Cole, and good morning, everyone. We appreciate you joining us today as we review Snap-on's second quarter results, which are detailed in our press release issued earlier this morning. We have on the call Nick Pinchuk, Snap-on's Chief Executive Officer; and Aldo Pagliari, Snap-on's Chief Financial Officer.

Nick will kick off our call this morning with his perspective on our performance. Aldo will then provide a more detailed review of the financial results. After Nick provides some closing thoughts, we'll take your questions.

As usual, we provided slides to supplement our discussion. These slides can be accessed under the Downloads tab in the webcast viewer as well as on our website, snapon.com, under the Investors section. The slides will be archived on our website along with the transcript of today's call. Any statements made during this call relative to management's expectations, estimates or beliefs or that otherwise discuss management's or the company's outlook, plans or projections are forward-looking statements and actual results may differ materially from those made in such statements. Additional information and the factors

Snap-On (SNA - Free Report) reported $1.24 billion in revenue for the quarter ended June 2026, representing a year-over-year increase of 4.7%. EPS of $4.96 for the same period compares to $4.72 a year ago.

The reported revenue represents a surprise of +1.12% over the Zacks Consensus Estimate of $1.22 billion. With the consensus EPS estimate being $4.90, the EPS surprise was +1.22%.

While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.

As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.

Here is how Snap-On performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

Net Sales- Financial Services Revenue: $99.7 million versus $102.57 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -2% change.Net Sales- Intersegment eliminations: $-149.8 million versus $-135.47 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +17% change.Net Sales- Repair Systems & Information Group: $480.3 million versus $488.12 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +2.5% change.Net Sales- Snap-on Tools Group: $508.8 million versus $504.15 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +3.6% change.Net Sales- Commercial & Industrial Group: $395.8 million versus $366.85 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +13.8% change.Operating earnings / (losses)- Financial services: $67.5 million versus $69.07 million estimated by three analysts on average.Operating earnings / (losses)- Commercial & Industrial Group: $66.5 million versus the two-analyst average estimate of $56.51 million.Operating earnings / (losses)- Corporate: $-27.8 million compared to the $-27.66 million average estimate based on two analysts.Operating earnings / (losses)- Snap-on Tools Group: $115.1 million compared to the $119.05 million average estimate based on two analysts.Operating earnings / (losses)- Repair Systems & Information Group: $115.1 million versus the two-analyst average estimate of $122.69 million.View all Key Company Metrics for Snap-On here>>>

Shares of Snap-On have returned +3.6% over the past month versus the Zacks S&P 500 composite's +0.4% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

Dimensional Fund Advisors LP grew its position in Snap-On Incorporated (NYSE:SNA – Free Report) by 2.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 880,951 shares of the company’s stock after acquiring an additional 17,337 shares during the quarter. Dimensional Fund Advisors LP owned about 1.70% of Snap-On worth $319,955,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in SNA. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Snap-On by 15.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,850 shares of the company’s stock worth $2,983,000 after buying an additional 1,185 shares in the last quarter. Woodline Partners LP increased its stake in Snap-On by 40.4% during the first quarter. Woodline Partners LP now owns 4,426 shares of the company’s stock worth $1,492,000 after acquiring an additional 1,273 shares during the last quarter. EverSource Wealth Advisors LLC increased its position in shares of Snap-On by 100.9% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 464 shares of the company’s stock worth $144,000 after purchasing an additional 233 shares during the last quarter. Gamco Investors INC. ET AL increased its position in shares of Snap-On by 32.9% during the second quarter. Gamco Investors INC. ET AL now owns 1,752 shares of the company’s stock valued at $545,000 after acquiring an additional 434 shares during the last quarter. Finally, Natixis boosted its position in shares of Snap-On by 136.8% during the 2nd quarter. Natixis now owns 3,048 shares of the company’s stock worth $948,000 after purchasing an additional 1,761 shares during the period. 84.88% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth Several analysts recently weighed in on the stock. Weiss Ratings reiterated a “buy (b)” rating on shares of Snap-On in a report on Friday, July 17th. Robert W. Baird raised their price target on Snap-On from $380.00 to $395.00 and gave the stock a “neutral” rating in a research report on Friday, April 24th. Roth Capital reaffirmed a “buy” rating and issued a $431.00 price objective on shares of Snap-On in a research note on Friday, April 24th. Finally, Barclays began coverage on Snap-On in a report on Thursday, May 28th. They issued an “overweight” rating and a $420.00 price objective on the stock. Five analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $408.20.

Check Out Our Latest Stock Report on SNA

Snap-On Stock Performance NYSE:SNA opened at $407.16 on Thursday. Snap-On Incorporated has a 52 week low of $312.78 and a 52 week high of $419.68. The company has a fifty day simple moving average of $388.08 and a two-hundred day simple moving average of $377.89. The company has a quick ratio of 2.74, a current ratio of 3.53 and a debt-to-equity ratio of 0.15. The company has a market cap of $21.09 billion, a price-to-earnings ratio of 21.02, a price-to-earnings-growth ratio of 2.84 and a beta of 0.73.

Snap-On (NYSE:SNA – Get Free Report) last announced its quarterly earnings data on Thursday, April 23rd. The company reported $4.69 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.75 by ($0.06). Snap-On had a net margin of 21.28% and a return on equity of 17.13%. The company had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.19 billion. During the same quarter in the previous year, the business posted $4.51 earnings per share. The firm’s revenue was up 5.8% on a year-over-year basis. As a group, equities analysts anticipate that Snap-On Incorporated will post 19.7 earnings per share for the current fiscal year.

Snap-On Announces Dividend The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Wednesday, May 20th were given a $2.44 dividend. The ex-dividend date of this dividend was Wednesday, May 20th. This represents a $9.76 dividend on an annualized basis and a dividend yield of 2.4%. Snap-On’s dividend payout ratio is currently 50.39%.

Snap-On announced that its board has authorized a share repurchase program on Thursday, April 30th that authorizes the company to buyback $500.00 million in outstanding shares. This buyback authorization authorizes the company to buy up to 2.5% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s management believes its shares are undervalued.

Insider Activity In other Snap-On news, CEO Nicholas T. Pinchuk sold 23,396 shares of the firm’s stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $375.77, for a total value of $8,791,514.92. Following the sale, the chief executive officer directly owned 856,918 shares in the company, valued at $322,004,076.86. This trade represents a 2.66% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Richard Thomas Miller sold 2,000 shares of Snap-On stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $405.92, for a total value of $811,840.00. Following the sale, the vice president directly owned 4,529 shares of the company’s stock, valued at $1,838,411.68. This trade represents a 30.63% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 37,117 shares of company stock valued at $14,003,922. 3.80% of the stock is currently owned by company insiders.

Snap-On Profile (Free Report)

Snap‑On Incorporated (NYSE: SNA) is a designer, manufacturer and marketer of tools, diagnostic equipment, repair information and shop equipment for professional users. The company’s product range includes hand and power tools, tool storage and cabinets, diagnostic scan tools and software, shop equipment such as lifts and tire changers, and specialized specialty tools for automotive, aviation, marine and industrial applications. Snap‑On also offers information and workflow solutions that combine diagnostic data, repair procedures and parts information to support professional technicians.

Founded in 1920 and headquartered in Kenosha, Wisconsin, Snap‑On has established a long history in the professional tools market.

See Also Five stocks we like better than Snap-On Could Truth API Become Trump Media’s First Meaningful Revenue Driver? Small Caps Are Crushing the S&P 500—3 Stocks Still Worth Buying Moog Is More Than a Missile Maker, and Wall Street Is Noticing A Boring Dividend Growth Strategy Becomes a Solid Defensive Play Want to see what other hedge funds are holding SNA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Snap-On Incorporated (NYSE:SNA – Free Report).

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Key Takeaways Snap-on is expected to post second-quarter revenue growth of 3.6% and EPS growth of 3.8%.SNA is benefiting from resilient automotive repair demand and strength in critical industries.SNA's franchise expansion, innovation and efficiency initiatives are likely aiding performance. Snap-on Incorporated (SNA - Free Report) is likely to witness top and bottom-line growth when it reports second-quarter 2026 earnings on July 23, before the opening bell. The Zacks Consensus Estimate for revenues is $1.2 billion, which indicates a rise of 3.6% from the year-ago quarter’s level.

The consensus estimate for quarterly earnings has been stable over the past 30 days at $4.90 per share and shows growth of 3.8% from the year-earlier quarter’s tally.

The company has a trailing four-quarter earnings surprise of 1.7%, on average. It delivered an earnings surprise of 0.2% in the last reported quarter.

Key Factors Likely to Influence SNA’s Q2 ResultsSnap-on’s quarterly performance is expected to have benefited from solid demand across its core automotive repair markets, driven by the aging global vehicle fleet and increasing vehicle complexity. Healthy technician activity levels and strong repair shop utilization are likely to have supported sales growth in the Tools and Repair Systems & Information (RS&I) segments. Improved activity with customers in critical industries and the specialty torque business is expected to have aided the Commercial & Industrial (C&I) segment's performance.

SNA's robust business model enhances value creation across safety, service quality, customer satisfaction and innovation. The company’s strategic growth agenda includes expanding its franchise network, deepening relationships with repair shop owners and increasing its presence in emerging markets. Its focus on Rapid Continuous Improvement, a process aimed at boosting efficiency, controlling costs and enhancing organizational performance, is encouraging. SNA’s innovation pipeline remains strong, with ongoing investments in product development and global brand expansion.

Snap-on has been expanding its reach into critical industries including aviation, natural resources and infrastructure, where demand for precision, reliability and customized solutions is high. Growth in such areas is being supported by tailored product offerings, specialty torque solutions and deeper customer engagement. By combining customer connection, innovation, technology investments and disciplined operational execution, Snap-on continues to advance along its runways for coherent growth, supported by resilient end markets and strategic investments, positioning it for sustained sales expansion, margin resilience and value creation. All such aforesaid factors are likely to bolster the quarterly results. Our model predicts net sales rise of 3.5%, 3% and 3% for C&I, Tools and RS&I segments, respectively, for the second quarter.

Despite such strengths, Snap-on faces several external challenges. Macroeconomic headwinds, geographic pressures in critical industries and geopolitical disruptions are likely to have weighed on the company’s performance. It battles persistent cost inflation from rising raw material and operational expenses, which poses a risk to profitability.

What the Zacks Model Predicts for SNAOur proven model doesn’t conclusively predict an earnings beat for Snap-on this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that’s not the case here. You can uncover the best stocks before they’re reported with our Earnings ESP Filter.

Snap-on has an Earnings ESP of 0.00% and a Zacks Rank of 3.

Valuation Picture of SNA StockSnap-on has a forward 12-month price-to-earnings ratio of 19.86x compared with its five-year high of 20.38x and the Tools - Handheld industry’s average of 19.65x.

The recent market movements show that SNA’s shares have gained 6.2% in the past three months compared with the industry's 5.3% growth.

Stocks Poised to Beat Earnings EstimatesHere are some companies, which according to our model, have the right combination of elements to post an earnings beat:

SharkNinja, Inc. (SN - Free Report) currently has an Earnings ESP of +1.29% and a Zacks Rank of 2. You can see the complete list of today’s Zacks #1 Rank stocks here.

SN is likely to register bottom and top-line growth when it reports second-quarter 2026 results. The Zacks Consensus Estimate for its quarterly revenues is pegged at $1.6 billion, indicating a 13.5% increase from the figure reported in the year-ago quarter.

The consensus estimate for SN’s second-quarter earnings is pegged at $1.09 per share, implying 12.4% growth from the year-ago quarter’s actual. The consensus mark has dipped a penny in the past 30 days.

MGM Resorts International (MGM - Free Report) currently has an Earnings ESP of +0.08% and a Zacks Rank of 3. MGM is likely to register a top-line increase when it reports second-quarter 2026 results. The Zacks Consensus Estimate for its quarterly revenues is pegged at $4.5 billion, indicating a 1.5% rise from the figure reported in the year-ago quarter.

The consensus estimate for MGM Resorts’ second-quarter earnings is pegged at 60 cents a share, implying a 24.1% decrease from the year-earlier quarter. The consensus mark has been stable in the past 30 days.

Hasbro, Inc. (HAS - Free Report) currently has an Earnings ESP of +2.46% and a Zacks Rank of 3. HAS is likely to register top-line growth when it reports second-quarter 2026 results. The Zacks Consensus Estimate for its quarterly revenues is pegged at $1.1 billion, indicating 6.7% growth from the figure reported in the year-ago quarter.

The consensus estimate for HAS’ second-quarter earnings is pegged at $1.15 a share, implying an 11.5% decrease from the year-earlier quarter. The consensus mark has increased 1.8% in the past seven days.

Brampton, Ontario--(Newsfile Corp. - June 12, 2026) - Star Navigation Systems Group Ltd. (CSE: SNA) (CSE: SNA.CN) ("Star" or the "Company") is pleased to announce that it is initiating a non-brokered private placement of an estimated 200,000,000 units in the capital of the Company ("Units") at a purchase price of $0.01 per Unit for total gross proceeds of $2,000,000. Each Unit consists of one common share in the capital of the Company and one warrant. Each of the warrants acquired entitles the holder to purchase one (1) additional common share of the Company at five ($0.05) cents per warrant exercised. The warrants are exercisable during the five (5) year period from the date of issue.

All securities issued in the Offering and any shares issued upon exercise of warrants are subject to a four-month statutory hold period from the date of issuance. The net proceeds of the private placement will be used for working capital for further development of the operations, sales and marketing efforts surrounding the Star-A.D.S.® system.

About Star Navigation:

Star Navigation Systems Group Ltd. manufactures the In-flight Safety Monitoring System, STAR-ISMS®, the heart of the STAR-A.D.S.® System. The STAR-A.D.S.® System has real-time capability of tracking, performance trends and predicting incident-occurrences which enhances aviation safety and improves fleet management while reducing costs for the operator. Star's MMI Division (Military and Defence) designs and manufactures high performance, mission critical, flight deck flat panel displays for defence and commercial aviation industries worldwide.

Forward-Looking Information

Certain statements in this news release may constitute "forward-looking statements". Forward-looking statements are statements that address or discuss activities, events or developments that Star expects or anticipates may occur in the future.

When used in this news release, words such as "estimates", "expects", "plans", "anticipates", "projects", "will", "believes", "intends" "should", "could", "may" and other similar terminology are intended to identify such forward-looking statements.

Forward-looking statements reflect the current expectations and beliefs of Star's management. Because forward-looking statements involve known and unknown risks, uncertainties and other factors, actual results, performance or achievements of Star or the industry may be materially different from those implied by such forward-looking statements.

Examples of such forward-looking information that may be contained in this news release include statements regarding; growth and future prospects of our business; our perceptions of the industry and markets in which we operate and anticipated trends in such markets; expectations regarding the operation of our app; and our future revenues.

Material factors or assumptions that were applied in drawing a conclusion or making an estimate set out in the forward-looking statements may include, but are not limited to, our ability to execute on our business plan, increase visibility amongst consumers and convert users to revenue producing subscribers and the success of the business of our partners.

Forward-looking statements involve significant uncertainties, should not be read as a guarantee of future performance or results, and will not necessarily be an accurate indication of whether or not such results will be achieved.

Should one or more of these factors or uncertainties materialize, or should assumptions underlying forward-looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected.

Accordingly, readers should exercise caution in relying upon forward-looking statements and Star undertakes no obligation to publicly revise them to reflect subsequent events or circumstances, except as required by law.

NEITHER CANADIAN SECURITIES EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE CANADIAN SECURITIES EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/301333

Source: Star Navigation Systems Group Ltd.

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Sales of $1,207.2 million up 5.8% from Q1 2025, organic sales up 3.4%;

Gross margin of 50.4%, including 40 basis points of unfavorable currency effects, compares to 50.7% last year;

Tools segment sales up 5.0% from a year ago, organic sales up 3.4%

KENOSHA, Wis.--(BUSINESS WIRE)--Snap-on Incorporated (NYSE: SNA), a leading global innovator, manufacturer and marketer of tools, equipment, diagnostics, repair information and systems solutions for professional users performing critical tasks, today announced operating results for the first quarter of 2026.

Net sales of $1,207.2 million in the first quarter of 2026 represented an increase of $66.1 million, or 5.8%, from 2025 levels, reflecting a $39.2 million, or 3.4%, organic sales gain and $26.9 million of favorable foreign currency translation. Operating earnings before financial services for the quarter of $250.8 million compared to $243.1 million last year. As a percentage of net sales, operating earnings before financial services were 20.8% including 40 basis points of unfavorable foreign currency effects and compared to 21.3% in 2025. Financial services revenue in the quarter of $101.1 million compared to $102.1 million in 2025; financial services operating earnings of $68.0 million compared to $70.3 million last year. Consolidated operating earnings for the quarter of $318.8 million compared to $313.4 million in 2025. As a percentage of revenues (net sales plus financial services revenue), consolidated operating earnings were 24.4% in the first quarter compared to 25.2% last year. The first quarter effective income tax rate was 22.0% in 2026 and 22.2% in 2025. Net earnings in the quarter of $247.0 million, or $4.69 per diluted share, compared to net earnings of $240.5 million, or $4.51 per diluted share, a year ago. See “Non-GAAP Measures” below for a definition of, and further explanation about, organic sales.

“Our first quarter was encouraging, led by robust sales growth with customers in critical industries and improved activity in the U.S. Tools Group, both demonstrating our considerable momentum despite the ongoing and ever-evolving turbulence,” said Nick Pinchuk, Snap-on chairman and chief executive officer. “While meaningful headwinds persist, including broad uncertainty among our technician customer base in the U.S., international supply chain disruptions, and a number of global conflicts, we are confident in the strength, resilience, and criticality of our markets. In addition, we remain focused on wielding and building the power inherent in our products, in our brands, and in our people, continuing to invest in these corridors of advantage even in the midst of these increasingly difficult times. We believe our results show the diverse opportunities along our runways for growth both within automotive repair and with customers outside the garage. In that regard, we’ve maintained our actions to match the current preference of vehicle technicians for quick payback items and to extend our penetration of critical industries with effective customized solutions. At the same time, we’re leveraging our Snap-on Value Creation Processes to proceed through the challenges of today, driving improvements across the organization that we expect will author substantial and sustained gains as we move forward. As always, I want to thank our franchisees and associates worldwide for their notable contributions to our progress, for their unwavering dedication to our team, and for their steadfast belief in the significant potential of our future.”

Segment Results

Commercial & Industrial Group segment sales of $381.0 million in the quarter compared to $343.9 million last year, reflecting a $25.2 million, or 7.1%, organic sales gain and $11.9 million of favorable foreign currency translation. The organic increase includes higher sales in each of the segment’s operations, led by improved activity with customers in critical industries and in the specialty torque business.

Operating earnings of $54.9 million in the period compared to $53.2 million in 2025. The operating margin (operating earnings as a percentage of segment sales) of 14.4%, including 50 basis points of unfavorable currency effects, compared to 15.5% last year.

Snap-on Tools Group segment sales of $486.0 million in the quarter compared to $462.9 million last year, reflecting a $15.9 million, or 3.4%, organic sales increase and $7.2 million of favorable foreign currency translation. The organic gain is due to higher sales both in the U.S. and in the segment’s international operations.

Operating earnings of $105.0 million in the period compared to $92.4 million in 2025. The operating margin of 21.6% improved 160 basis points from 20.0% a year ago.

Repair Systems & Information Group segment sales of $485.3 million in the quarter compared to $475.9 million in 2025, primarily reflecting $9.1 million of favorable foreign currency translation. On an organic basis, increased sales of diagnostic and repair information products to independent repair shop owners and managers were offset by lower activity with OEM dealerships, while undercar equipment was essentially flat.

Operating earnings of $119.5 million in the period compared to $122.1 million in 2025. The operating margin of 24.6%, including 60 basis points of unfavorable currency effects, compared to 25.7% last year.

Financial Services operating earnings of $68.0 million on revenue of $101.1 million in the quarter compared to operating earnings of $70.3 million on revenue of $102.1 million last year. Originations of $264.6 million in the first quarter represented a decrease of $4.1 million, or 1.5%, from 2025 levels.

Corporate expenses in the first quarter of $28.6 million compared to $24.6 million last year.

Outlook

We believe that our markets and our operations possess and have demonstrated continuing and considerable resilience against the uncertainties of the current environment. Snap-on expects to make ongoing progress along its decisive runways for coherent growth, leveraging capabilities already proven in the automotive repair arena, developing and expanding its professional customer base, not only in automotive repair, but in adjacent markets, additional geographies and other areas, including extending in critical industries, where the cost and penalties for failure are high. In pursuit of these initiatives, we project that capital expenditures in 2026 will approximate $100 million, of which $21.2 million was incurred in the first three months of the year.

Snap-on currently anticipates that its full-year 2026 effective income tax rate will be in the range of 22% to 23%.

Conference Call and Webcast on April 23, 2026, at 9:00 a.m. Central Time

A discussion of this release will be webcast on Thursday, April 23, 2026, at 9:00 a.m. Central Time, and a replay will be available for at least 10 days following the call. To access the webcast, visit https://www.snapon.com/EN/Investors/Investor-Events and click on the link to the call. The slide presentation accompanying the call can be accessed under the Downloads tab in the webcast viewer, as well as on the Snap-on website at https://www.snapon.com/EN/Investors/Financial-Information/Quarterly-Earnings.

Non-GAAP Measures

References in this release to “organic sales” refer to sales from continuing operations calculated in accordance with generally accepted accounting principles in the United States (“GAAP”), adjusted to exclude acquisition-related sales and the impact of foreign currency translation. Management evaluates the company’s sales performance based on organic sales growth, which primarily reflects growth from the company’s existing businesses as a result of increased output, expanded customer base, geographic expansion, new product development and pricing changes, and excludes sales contributions from acquired operations the company did not own as of the comparable prior-year reporting period. Organic sales also exclude the effects of foreign currency translation as foreign currency translation is subject to volatility that can obscure underlying business trends. Management believes that the non-GAAP financial measure of organic sales is meaningful to investors as it provides them with useful information to aid in identifying underlying growth trends in the company’s businesses and facilitates comparisons of its sales performance with prior periods.

About Snap-on

Snap-on Incorporated is a leading global innovator, manufacturer and marketer of tools, equipment, diagnostics, repair information and systems solutions for professional users performing critical tasks including those working in vehicle repair, aerospace, the military, natural resources, and manufacturing. From its founding in 1920, Snap-on has been recognized as the mark of the serious and the outward sign of the pride and dignity working men and women take in their professions. Products and services are sold through the company’s network of widely recognized franchisee vans, as well as through direct and distributor channels, under a variety of notable brands. The company also provides financing programs to facilitate the sales of its products and to support its franchise business. Snap-on, an S&P 500 company, generated sales of $4.7 billion in 2025, and is headquartered in Kenosha, Wisconsin.

Forward-looking Statements

Statements in this news release that are not historical facts, including statements that (i) are in the future tense; (ii) include the words “expects,” “anticipates,” “intends,” “approximates,” or similar words that reference Snap-on or its management; (iii) are specifically identified as forward-looking; or (iv) describe Snap-on’s or management’s future outlook, plans, estimates, objectives or goals, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Snap-on cautions the reader that this news release may contain statements, including earnings projections, that are forward-looking in nature and were developed by management in good faith and, accordingly, are subject to risks and uncertainties regarding Snap-on’s expected results that could cause (and in some cases have caused) actual results to differ materially from those described or contemplated in any forward-looking statement. Factors that may cause the company’s actual results to differ materially from those contained in the forward-looking statements include those found in the company’s reports filed with the Securities and Exchange Commission, including the information under the “Safe Harbor” and “Risk Factors” headings in its Annual Report on Form 10-K for the fiscal year ended January 3, 2026, which are incorporated herein by reference. Snap-on disclaims any responsibility to update any forward-looking statement provided in this news release, except as required by law.

SNAP-ON INCORPORATED

Condensed Consolidated Statements of Earnings

(Amounts in millions, except per share data)

(Unaudited)

Three Months Ended

April 4,

March 29,

2026

2025

Net sales

$

1,207.2

$

1,141.1

Cost of goods sold

(598.9

)

(562.6

)

Gross profit

608.3

578.5

Operating expenses

(357.5

)

(335.4

)

Operating earnings before financial services

250.8

243.1

Financial services revenue

101.1

102.1

Financial services expenses

(33.1

)

(31.8

)

Operating earnings from financial services

68.0

70.3

Operating earnings

318.8

313.4

Interest expense

(12.4

)

(12.4

)

Other income (expense) – net

16.8

14.4

Earnings before income taxes

323.2

315.4

Income tax expense

(69.7

)

(68.7

)

Net earnings

253.5

246.7

Net earnings attributable to noncontrolling interests

(6.5

)

(6.2

)

Net earnings attributable to Snap-on Incorporated

$

247.0

$

240.5

Net earnings per share attributable to Snap-on Incorporated:

Basic

$

4.76

$

4.59

Diluted

4.69

4.51

Weighted-average shares outstanding:

Basic

51.9

52.4

Effect of dilutive securities

0.8

0.9

Diluted

52.7

53.3

SNAP-ON INCORPORATED

Supplemental Segment Information

(Amounts in millions)

(Unaudited)

Three Months Ended

April 4,

March 29,

2026

2025

Net sales:

Commercial & Industrial Group

$

381.0

$

343.9

Snap-on Tools Group

486.0

462.9

Repair Systems & Information Group

485.3

475.9

Segment net sales

1,352.3

1,282.7

Intersegment eliminations

(145.1

)

(141.6

)

Total net sales

1,207.2

1,141.1

Financial Services revenue

101.1

102.1

Total revenues

$

1,308.3

$

1,243.2

Operating earnings:

Commercial & Industrial Group

$

54.9

$

53.2

Snap-on Tools Group

105.0

92.4

Repair Systems & Information Group

119.5

122.1

Financial Services

68.0

70.3

Segment operating earnings

347.4

338.0

Corporate

(28.6

)

(24.6

)

Operating earnings

318.8

313.4

Interest expense

(12.4

)

(12.4

)

Other income (expense) – net

16.8

14.4

Earnings before income taxes

$

323.2

$

315.4

SNAP-ON INCORPORATED

Condensed Consolidated Balance Sheets

(Amounts in millions)

(Unaudited)

April 4,

January 3,

2026

2026

Assets

Cash and cash equivalents

$

1,753.3

$

1,624.5

Trade and other accounts receivable – net

890.7

881.4

Finance receivables – net

598.2

590.2

Contract receivables – net

127.4

130.0

Inventories – net

1,020.5

1,025.2

Prepaid expenses and other current assets

157.6

151.5

Total current assets

4,547.7

4,402.8

Property and equipment – net

547.7

552.3

Operating lease right-of-use assets

89.9

83.7

Deferred income tax assets

74.3

72.5

Long-term finance receivables – net

1,273.3

1,298.8

Long-term contract receivables – net

417.6

423.1

Goodwill

1,102.1

1,109.5

Other intangible assets – net

267.2

270.7

Pension assets

173.3

173.8

Other long-term assets

23.3

25.1

Total assets

$

8,516.4

$

8,412.3

Liabilities and Equity

Notes payable and current maturities of long-term debt

$

316.2

$

16.2

Accounts payable

253.6

229.1

Accrued benefits

69.7

64.7

Accrued compensation

66.2

77.2

Franchisee deposits

64.4

66.2

Other accrued liabilities

519.0

465.1

Total current liabilities

1,289.1

918.5

Long-term debt

886.9

1,186.4

Deferred income tax liabilities

92.8

87.0

Retiree health care benefits

17.2

17.7

Pension liabilities

81.7

85.7

Operating lease liabilities

67.9

61.8

Other long-term liabilities

97.7

98.4

Total liabilities

2,533.3

2,455.5

Equity

Shareholders' equity attributable to Snap-on Incorporated

Common stock

67.5

67.5

Additional paid-in capital

575.1

578.5

Retained earnings

8,257.4

8,137.5

Accumulated other comprehensive loss

(375.9

)

(354.8

)

Treasury stock at cost

(2,566.0

)

(2,496.9

)

Total shareholders' equity attributable to Snap-on Incorporated

5,958.1

5,931.8

Noncontrolling interests

25.0

25.0

Total equity

5,983.1

5,956.8

Total liabilities and equity

$

8,516.4

$

8,412.3

SNAP-ON INCORPORATED

Condensed Consolidated Statements of Cash Flows

(Amounts in millions)

(Unaudited)

Three Months Ended

April 4,

March 29,

2026

2025

Operating activities:

Net earnings

$

253.5

$

246.7

Adjustments to reconcile net earnings to net cash provided (used) by operating activities:

Depreciation

19.7

18.3

Amortization of other intangible assets

5.3

5.7

Provisions for losses on finance receivables

18.3

18.2

Provisions for losses on non-finance receivables

5.1

5.8

Stock-based compensation expense

6.8

4.5

Deferred income tax provision

3.8

3.7

Loss on sales of assets

0.1

—

Changes in operating assets and liabilities, net of effects of the acquisition:

Trade and other accounts receivable

(17.1

)

(33.4

)

Contract receivables

6.5

2.9

Inventories

3.0

(3.0

)

Prepaid expenses and other assets

(7.9

)

(9.4

)

Accounts payable

29.4

18.5

Accrued and other liabilities

42.2

20.0

Net cash provided by operating activities

368.7

298.5

Investing activities:

Additions to finance receivables

(218.4

)

(218.9

)

Collections of finance receivables

215.9

210.7

Capital expenditures

(21.2

)

(22.9

)

Acquisition of business, net of cash acquired

(5.1

)

—

Disposals of property and equipment

0.4

0.1

Other

(0.2

)

(1.0

)

Net cash used by investing activities

(28.6

)

(32.0

)

Financing activities:

Net increase in other short-term borrowings

0.4

4.5

Cash dividends paid

(126.8

)

(112.2

)

Purchases of treasury stock

(99.9

)

(87.2

)

Proceeds from stock purchase plans and stock option exercises

30.6

18.3

Other

(15.4

)

(17.0

)

Net cash used by financing activities

(211.1

)

(193.6

)

Effect of exchange rate changes on cash and cash equivalents

(0.2

)

1.5

Increase in cash and cash equivalents

128.8

74.4

Cash and cash equivalents at beginning of year

1,624.5

1,360.5

Cash and cash equivalents at end of period

$

1,753.3

$

1,434.9

Supplemental cash flow disclosures:

Cash paid for interest

$

(13.8

)

$

(13.6

)

Net cash paid for income taxes

(19.4

)

(19.8

)

Non-GAAP Supplemental Data

The following non-GAAP supplemental data is presented for informational purposes to provide readers with insight into the information used by management for assessing the operating performance of Snap-on Incorporated's ("Snap-on") non-financial services ("Operations") and Financial Services businesses.

The supplemental Operations data reflects the results of operations and financial position of Snap-on's tools, diagnostics, equipment products, software, and other non-financial services operations with Financial Services presented on the equity method. The supplemental Financial Services data reflects the results of operations and financial position of Snap-on's U.S. and international financial services operations. The financing needs of Financial Services are met through intersegment borrowings and cash generated from Operations; Financial Services is charged interest expense on intersegment borrowings at market rates. Income taxes are charged to Financial Services on the basis of the specific tax attributes generated by the U.S. and international financial services businesses. Transactions between the Operations and Financial Services businesses are eliminated to arrive at the Condensed Consolidated Financial Statements.

SNAP-ON INCORPORATED

Non-GAAP Supplemental Consolidating Data - Supplemental Condensed Statements of Earnings

(Amounts in millions)

(Unaudited)

Operations*

Financial Services

Three Months Ended

Three Months Ended

April 4,

March 29,

April 4,

March 29,

2026

2025

2026

2025

Net sales

$

1,207.2

$

1,141.1

$

—

$

—

Cost of goods sold

(598.9

)

(562.6

)

—

—

Gross profit

608.3

578.5

—

—

Operating expenses

(357.5

)

(335.4

)

—

—

Operating earnings before financial services

250.8

243.1

—

—

Financial services revenue

—

—

101.1

102.1

Financial services expenses

—

—

(33.1

)

(31.8

)

Operating earnings from financial services

—

—

68.0

70.3

Operating earnings

250.8

243.1

68.0

70.3

Interest expense

(12.4

)

(12.4

)

—

—

Intersegment interest income (expense) – net

17.0

17.0

(17.0

)

(17.0

)

Other income (expense) – net

16.8

14.4

—

—

Earnings before income taxes and equity earnings

272.2

262.1

51.0

53.3

Income tax expense

(57.0

)

(55.4

)

(12.7

)

(13.3

)

Earnings before equity earnings

215.2

206.7

38.3

40.0

Financial services – net earnings attributable to Snap-on Incorporated

38.3

40.0

—

—

Net earnings

253.5

246.7

38.3

40.0

Net earnings attributable to noncontrolling interests

(6.5

)

(6.2

)

—

—

Net earnings attributable to Snap-on Incorporated

$

247.0

$

240.5

$

38.3

$

40.0

* Snap-on with Financial Services presented on the equity method.

SNAP-ON INCORPORATED

Non-GAAP Supplemental Consolidating Data - Supplemental Condensed Balance Sheets

(Amounts in millions)

(Unaudited)

Operations*

Financial Services

April 4,

January 3,

April 4,

January 3,

2026

2026

2026

2026

Assets

Cash and cash equivalents

$

1,752.8

$

1,624.1

$

0.5

$

0.4

Intersegment receivables

15.5

20.3

—

—

Trade and other accounts receivable – net

889.1

880.2

1.6

1.2

Finance receivables – net

—

—

598.2

590.2

Contract receivables – net

4.9

4.9

122.5

125.1

Inventories – net

1,020.5

1,025.2

—

—

Prepaid expenses and other current assets

159.2

154.7

12.8

11.2

Total current assets

3,842.0

3,709.4

735.6

728.1

Property and equipment – net

545.1

549.8

2.6

2.5

Operating lease right-of-use assets

84.8

78.4

5.1

5.3

Investment in Financial Services

396.1

400.3

—

—

Deferred income tax assets

47.2

45.4

27.1

27.1

Intersegment long-term notes receivable

794.0

815.0

—

—

Long-term finance receivables – net

—

—

1,273.3

1,298.8

Long-term contract receivables – net

7.1

8.0

410.5

415.1

Goodwill

1,102.1

1,109.5

—

—

Other intangible assets – net

267.2

270.7

—

—

Pension assets

173.3

173.8

—

—

Other long-term assets

42.4

44.1

0.3

0.3

Total assets

$

7,301.3

$

7,204.4

$

2,454.5

$

2,477.2

Liabilities and Equity

Notes payable and current maturities of long-term debt

$

16.5

$

16.2

$

299.7

$

—

Accounts payable

252.0

227.6

1.6

1.5

Intersegment payables

—

—

15.5

20.3

Accrued benefits

69.7

64.6

—

0.1

Accrued compensation

64.1

74.2

2.1

3.0

Franchisee deposits

64.4

66.2

—

—

Other accrued liabilities

501.2

455.1

32.2

24.4

Total current liabilities

967.9

903.9

351.1

49.3

Long-term debt and intersegment long-term debt

—

—

1,680.9

2,001.4

Deferred income tax liabilities

92.8

87.0

—

—

Retiree health care benefits

17.2

17.7

—

—

Pension liabilities

81.7

85.7

—

—

Operating lease liabilities

62.4

56.3

5.5

5.5

Other long-term liabilities

96.2

97.0

20.9

20.7

Total liabilities

1,318.2

1,247.6

2,058.4

2,076.9

Total shareholders’ equity attributable to Snap-on Incorporated

5,958.1

5,931.8

396.1

400.3

Noncontrolling interests

25.0

25.0

—

—

Total equity

5,983.1

5,956.8

396.1

400.3

Total liabilities and equity

$

7,301.3

$

7,204.4

$

2,454.5

$

2,477.2

* Snap-on with Financial Services presented on the equity method.

For the quarter ended March 2026, Snap-On (SNA - Free Report) reported revenue of $1.21 billion, up 5.8% over the same period last year. EPS came in at $4.69, compared to $4.51 in the year-ago quarter.

The reported revenue represents a surprise of +2.53% over the Zacks Consensus Estimate of $1.18 billion. With the consensus EPS estimate being $4.68, the EPS surprise was +0.26%.

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.

As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.

Here is how Snap-On performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

Net Sales- Financial Services Revenue: $101.1 million versus the three-analyst average estimate of $103.17 million. The reported number represents a year-over-year change of -1%.Net Sales- Intersegment eliminations: $-145.1 million versus $-145.28 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +2.5% change.Net Sales- Repair Systems & Information Group: $485.3 million versus the three-analyst average estimate of $489.33 million. The reported number represents a year-over-year change of +2%.Net Sales- Snap-on Tools Group: $486 million compared to the $473.86 million average estimate based on three analysts. The reported number represents a change of +5% year over year.Net Sales- Commercial & Industrial Group: $381 million versus $360.45 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +10.8% change.Operating earnings / (losses)- Financial services: $68 million versus the three-analyst average estimate of $70.59 million.Operating earnings / (losses)- Commercial & Industrial Group: $54.9 million versus the two-analyst average estimate of $55.52 million.Operating earnings / (losses)- Corporate: $-28.6 million compared to the $-28.08 million average estimate based on two analysts.Operating earnings / (losses)- Snap-on Tools Group: $105 million versus the two-analyst average estimate of $102.43 million.Operating earnings / (losses)- Repair Systems & Information Group: $119.5 million compared to the $126.7 million average estimate based on two analysts.View all Key Company Metrics for Snap-On here>>>

Shares of Snap-On have returned +4% over the past month versus the Zacks S&P 500 composite's +9.7% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

Snap-on Incorporated (SNA) Q1 2026 Earnings Call Transcript

Have you evaluated the performance of Snap-On's (SNA - Free Report) international operations during the quarter that concluded in March 2026? Considering the extensive worldwide presence of this tool and diagnostic equipment maker, analyzing the patterns in international revenues is crucial for understanding its financial resilience and potential for growth.

In the current global economy, which is more interconnected than ever, a company's success in penetrating international markets is crucial for its financial health and growth journey. Investors must understand a company's dependence on overseas markets, as this offers a window into the company's earnings stability, its ability to benefit from varied economic cycles and its potential for long-term growth.

Being present in international markets serves as a counterbalance to domestic economic challenges while offering chances to engage with more rapidly evolving economies. However, this kind of diversification introduces challenges like currency fluctuations, geopolitical uncertainties and varying market trends.

While delving into SNA's performance for the past quarter, we observed some fascinating trends in the revenue from its foreign segments that are commonly modeled and observed by analysts on Wall Street.

The company's total revenue for the quarter amounted to $1.21 billion, showing rise of 5.8%. We will now explore the breakdown of SNA's overseas revenue to assess the impact of its international operations.

Exploring SNA's International Revenue PatternsOther International accounted for 10.1% of the company's total revenue during the quarter, translating to $122.1 million. Revenues from this region represented a surprise of +5.72%, with Wall Street analysts collectively expecting $115.49 million. When compared to the preceding quarter and the same quarter in the previous year, Other International contributed $120.7 million (9.8%) and $109.8 million (9.6%) to the total revenue, respectively.

Europe generated $215.2 million in revenues for the company in the last quarter, constituting 17.8% of the total. This represented a surprise of +15.77% compared to the $185.88 million projected by Wall Street analysts. Comparatively, in the previous quarter, Europe accounted for $203.7 million (16.5%), and in the year-ago quarter, it contributed $177.9 million (15.6%) to the total revenue.

Projected Revenues in Foreign MarketsThe current fiscal quarter's total revenue for Snap-On, as projected by Wall Street analysts, is expected to reach $1.22 billion, reflecting an increase of 3.5% from the same quarter last year. The breakdown of this revenue by foreign region is as follows: Other International is anticipated to contribute 9.8% or $119.89 million, and Europe 15.8% or $192.64 million.

For the full year, the company is expected to generate $4.89 billion in total revenue, up 3.1% from the previous year. Revenues from Other International and Europe are expected to constitute 9.8% ($480.67 million), and 15.8% ($774.93 million) of the total, respectively.

Key TakeawaysThe dependency of Snap-On on global markets for its revenues presents a mix of potential gains and hazards. Thus, monitoring the trends in its overseas revenues can be a key indicator for predicting the firm's future performance.

In an environment where global interconnections and geopolitical skirmishes are intensifying, Wall Street analysts keep a keen eye on these trends, particularly for firms with overseas operations, to adjust their earnings predictions. Moreover, a range of other aspects, including how a company fares in its home country, significantly affects these projections.

At Zacks, we place significant importance on a company's evolving earnings outlook. This is based on empirical evidence demonstrating its strong influence on a stock's short-term price movements. Invariably, there exists a positive relationship -- an upward revision in earnings estimates is typically mirrored by a rise in the stock price.

Our proprietary stock rating tool, the Zacks Rank, with its externally validated exceptional track record, harnesses the power of earnings estimate revisions to serve as a dependable measure for anticipating the short-term price trends of stocks.

At present, Snap-On holds a Zacks Rank #4 (Sell). This ranking implies that its near-term performance might underperform the overall market movement. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .

Exploring Recent Trends in Stock PriceThe stock has increased by 5.4% over the past month compared to the 9.3% increase of the Zacks S&P 500 composite. Meanwhile, the Zacks Consumer Discretionary sector, which includes Snap-On,has increased 2.6% during this time frame. Over the past three months, the company's shares have experienced a gain of 3.4% relative to the S&P 500's 3.9% increase. Throughout this period, the sector overall has witnessed a 4.2% decrease.

KENOSHA, Wis.--(BUSINESS WIRE)--The Snap-on Incorporated (NYSE: SNA) board of directors today declared a quarterly common stock dividend of $2.44 per share payable June 10, 2026, to shareholders of record at the close of business on May 20, 2026. Snap-on has paid consecutive quarterly cash dividends, without interruption or reduction, since 1939.

Snap-on also announced today that its board of directors authorized a share repurchase program of up to $500 million of common stock, replacing the current share repurchase program under which, as of the end of the first quarter of 2026, approximately $230 million of authorization remained. An additional previously approved share repurchase program, which allows the repurchase of up to the number of shares issued under the company’s various equity plans, remains in place. Shares may be repurchased from time to time in the open market or through privately negotiated transactions, subject to market conditions, legal requirements and other considerations.

“This new authorization for share repurchases, together with our long-standing dividend program, reaffirms our commitment to create long-term value for our shareholders and demonstrates our unyielding confidence in the abundant possibilities of our future,” said Nick Pinchuk, Snap-on chairman and chief executive officer. “Even in times of uncertainty, our strong financial position and robust cash generation enable us in returning capital to our shareholders and in continuing to support our strategic investments, organically and through acquisitions, along our defined runways for growth and improvement.”

About Snap-on

Snap-on Incorporated is a leading global innovator, manufacturer and marketer of tools, equipment, diagnostics, repair information and systems solutions for professional users performing critical tasks including those working in vehicle repair, aerospace, the military, natural resources, and manufacturing. From its founding in 1920, Snap-on has been recognized as the mark of the serious and the outward sign of the pride and dignity working men and women take in their professions. Products and services are sold through the company’s network of widely recognized franchisee vans, as well as through direct and distributor channels, under a variety of notable brands. The company also provides financing programs to facilitate the sales of its products and to support its franchise business. Snap-on, an S&P 500 company, generated sales of $4.7 billion in 2025, and is headquartered in Kenosha, Wisconsin.

Forward-looking Statements

Statements in this news release that are not historical facts, including statements that (i) are in the future tense; (ii) include the words “expects,” “anticipates,” “intends,” “approximates,” or similar words that reference Snap-on or its management; (iii) are specifically identified as forward-looking; or (iv) describe Snap-on’s or management’s future outlook, plans, estimates, objectives or goals, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Snap-on cautions the reader that this news release may contain statements, including earnings projections, that are forward-looking in nature and were developed by management in good faith and, accordingly, are subject to risks and uncertainties regarding Snap-on’s expected results that could cause (and in some cases have caused) actual results to differ materially from those described or contemplated in any forward-looking statement. In particular, Snap-on cannot provide assurances regarding any specific market reaction to share repurchases, or related effects on the value of its shares, because that reaction is not under the company’s control and is subject to changes in the market unrelated to Snap-on, nor can Snap-on provide any assurances regarding its ability to repurchase shares on acceptable terms. Market conditions may also affect whether any repurchases are in fact accretive. Additional, factors that may cause the company’s actual results to differ materially from those contained in the forward-looking statements include those found in the company’s reports filed with the Securities and Exchange Commission, including the information under the “Safe Harbor” and “Risk Factors” headings in its Annual Report on Form 10-K for the fiscal year ended January 3, 2026, which are incorporated herein by reference. Snap-on disclaims any responsibility to update any forward-looking statement provided in this news release, except as required by law.

Snap-on is rated 'hold' due to recent operational improvements but persistent long-term sluggish growth and mixed profitability. SNA trades at a discount to peers on P/E and other valuation metrics, reflecting justified caution from years of underperformance. Recent Q1 2026 results show revenue and profit growth across key segments, especially in Snap-on Tools and Commercial & Industrial Groups.

-

Further Expands Product Capabilities and End-Market Coverage of Torque Offerings to Critical Industries

KENOSHA, Wis.--(BUSINESS WIRE)--Snap-on Incorporated (NYSE: SNA), a leading global innovator, manufacturer and marketer of tools, equipment, diagnostics, repair information, and systems solutions for professional users performing critical tasks, today announced that it acquired Hi-Force Group Holdings Ltd. (“Hi-Force”) for approximately $58 million in cash on April 30, 2026.

Based in Daventry, United Kingdom, Hi-Force designs and manufactures high-pressure hydraulic tools, heavy lifting systems, as well as torque and tensioning equipment. The acquisition of Hi-Force complements and expands Snap-on’s offerings in the growing torque arena across a variety of industries including oil & gas, power generation, railways, mining, and heavy engineering. Hi-Force will be part of the company’s Commercial & Industrial Group.

About Snap-on

Snap-on Incorporated is a leading global innovator, manufacturer and marketer of tools, equipment, diagnostics, repair information and systems solutions for professional users performing critical tasks including those working in vehicle repair, aerospace, the military, natural resources, and manufacturing. From its founding in 1920, Snap-on has been recognized as the mark of the serious and the outward sign of the pride and dignity working men and women take in their professions. Products and services are sold through the company’s network of widely recognized franchisee vans, as well as through direct and distributor channels, under a variety of notable brands. The company also provides financing programs to facilitate the sales of its products and to support its franchise business. Snap-on, an S&P 500 company, generated sales of $4.7 billion in 2025, and is headquartered in Kenosha, Wisconsin.

Forward-looking Statements

Statements in this news release that are not historical facts, including statements that (i) are in the future tense; (ii) include the words “expects,” “anticipates,” “intends,” “approximates,” or similar words that reference Snap-on or its management; (iii) are specifically identified as forward-looking; or (iv) describe Snap-on’s or management’s future outlook, plans, estimates, objectives or goals, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Snap-on cautions the reader that this news release may contain statements, including earnings projections, that are forward-looking in nature and were developed by management in good faith and, accordingly, are subject to risks and uncertainties regarding Snap-on’s expected results that could cause (and in some cases have caused) actual results to differ materially from those described or contemplated in any forward-looking statement. Factors that may cause the company’s actual results to differ materially from those contained in the forward-looking statements include those found in the company’s reports filed with the Securities and Exchange Commission, including the information under the “Safe Harbor” and “Risk Factors” headings in its Annual Report on Form 10-K for the fiscal year ended January 3, 2026, which are incorporated herein by reference. Snap-on disclaims any responsibility to update any forward-looking statement provided in this news release, except as required by law.

More News From Snap-on Incorporated

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Expands Diagnostics and Repair Information Capabilities in Heavy-Duty and Equipment Markets

KENOSHA, Wis.--(BUSINESS WIRE)--Snap-on Incorporated (NYSE: SNA), a leading global innovator, manufacturer and marketer of tools, equipment, diagnostics, repair information, and systems solutions for professional users performing critical tasks, today announced that it acquired Diesel Laptops, LLC (“Diesel Laptops”) for approximately $100 million in cash on June 8, 2026.

Based in Irmo, South Carolina, Diesel Laptops specializes in diagnostics, repair information, and digital solutions for commercial trucks and off-highway vehicles serving heavy-duty repair shops, fleets, and other equipment customers such as those in mining, agriculture, and infrastructure. The acquisition expands Snap-on’s capabilities in these growing markets and further strengthens the corporation’s library of proprietary experienced-based data, as well as its product offerings to support the diagnosis and repair of increasingly complex vehicles and equipment. Diesel Laptops will be part of the company’s Repair Systems & Information Group.

About Snap-on

Snap-on Incorporated is a leading global innovator, manufacturer and marketer of tools, equipment, diagnostics, repair information and systems solutions for professional users performing critical tasks including those working in vehicle repair, aerospace, the military, natural resources, and manufacturing. From its founding in 1920, Snap-on has been recognized as the mark of the serious and the outward sign of the pride and dignity working men and women take in their professions. Products and services are sold through the company’s network of widely recognized franchisee vans, as well as through direct and distributor channels, under a variety of notable brands. The company also provides financing programs to facilitate the sales of its products and to support its franchise business. Snap-on, an S&P 500 company, generated sales of $4.7 billion in 2025, and is headquartered in Kenosha, Wisconsin.

Forward-looking Statements

Statements in this news release that are not historical facts, including statements that (i) are in the future tense; (ii) include the words “expects,” “anticipates,” “intends,” “approximates,” or similar words that reference Snap-on or its management; (iii) are specifically identified as forward-looking; or (iv) describe Snap-on’s or management’s future outlook, plans, estimates, objectives or goals, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Snap-on cautions the reader that this news release may contain statements, including earnings projections, that are forward-looking in nature and were developed by management in good faith and, accordingly, are subject to risks and uncertainties regarding Snap-on’s expected results that could cause (and in some cases have caused) actual results to differ materially from those described or contemplated in any forward-looking statement. Factors that may cause the company’s actual results to differ materially from those contained in the forward-looking statements include those found in the company’s reports filed with the Securities and Exchange Commission, including the information under the “Safe Harbor” and “Risk Factors” headings in its Annual Report on Form 10-K for the fiscal year ended January 3, 2026, which are incorporated herein by reference. Snap-on disclaims any responsibility to update any forward-looking statement provided in this news release, except as required by law.