Snap-On Inc

Latest Results (28.12.2025):

Snap-on Incorporated (Snap‑On Inc.) reported results for the third quarter of 2025: net sales of $1,190.8 million, up 3.8% year-over-year (organic sales +3.0%), gross margin of 50.9%, consolidated operating earnings of $347.4 million, and diluted EPS of $5.02 (which includes a $0.31 per-share after‑tax benefit from a legal settlement). The company generated strong cash balances and continued capital returns while guiding a full‑year 2025 tax rate of about 22%–23% and expected capital spending of roughly $100 million for the year.

Top-line performance

Q3 2025 net sales were $1,190.8M, +3.8% vs Q3 2024. Organic sales rose 3.0% (about $34.8M), with an additional ~$9.0M benefit from favorable foreign currency translation.

Earnings and EPS

Consolidated operating earnings were $347.4M in Q3 2025 (26.9% of total revenues) versus $324.1M a year ago. Net earnings attributable to Snap‑on were $265.4M, or $5.02 diluted EPS, compared with $4.70 diluted EPS in Q3 2024.

Margins and profitability

Gross margin held at 50.9%. Operating earnings before financial services were $278.5M (23.4% of net sales) versus $252.4M (22.0%) in Q3 2024, reflecting margin resilience and operating leverage.

Legal settlement impact

The quarter included a $22.0M pre‑tax benefit from the settlement of a legal matter ($16.2M after tax, or $0.31 per diluted share), which materially boosted operating earnings and EPS in the period.

Segment results (select)

Repair Systems & Information: sales $464.8M, +8.9% organic; operating earnings $141.2M (including the $22M settlement) and operating margin improved to 30.4%. Snap‑on Tools: sales $506.0M, organic +1.0%, operating earnings $109.9M. Commercial & Industrial: sales $367.7M, organic down 0.8%, operating earnings $57.5M.

Financial Services

Financial services revenue was $101.1M with operating earnings of $68.9M (down from $71.7M prior year). Originations were $274.1M in the quarter, down about 4.8% year-over-year.

Balance sheet & cash flow

Cash and cash equivalents totaled $1,534.1M at quarter end. Total assets were $8,355.6M and long‑term debt was ~$1,186M. Operating cash flow in Q3 was $277.9M; nine‑month operating cash flow was $813.6M.

Capital returns and outlook

In Q3 Snap‑on paid $111.5M in dividends and repurchased $82.0M of treasury stock. The company expects full‑year 2025 capex of ~ $100M (about $62.5M spent in the first nine months) and a full‑year effective tax rate of roughly 22%–23%.