Snap-on Inc
Q1 2026 Earnings
Market Reaction
S&P 500 over the same 30 days: +5.95%.
Did SNA Beat Earnings? Q1 2026 Results
Snap-on posted a mixed first quarter of fiscal 2026, narrowly missing earnings expectations while delivering a stronger-than-anticipated top line, as shares gapped up on the NYSE following the report. The Kenosha-based toolmaker reported diluted EPS of $4.69, falling just short of the $4.75 consensus by 1.24%, while revenue of $1.21 billion beat estimates by 2.48%, though it slipped 2.9% from a year ago on a total-revenues basis. The standout driver was the Snap-on Tools Group, where a 5.0% sales gain and 160-basis-point operating margin improvement to 21.6% reflected stronger U.S. technician activity and a product mix skewed toward quick-payback items. Currency headwinds proved a meaningful drag elsewhere, contributing roughly 40 basis points of gross margin compression to 50.4%. Operating cash flow climbed to $368.70 million from $298.50 million a year ago, underscoring balance sheet resilience. Looking ahead, management authorized a $500 million share repurchase program and guided full-year 2026 capital expenditures to approximately $100 million, projecting a tax rate of 22% to 23%.
- Organic sales growth of 3.4% driven by higher activity with customers in critical industries
- Improved activity in the U.S. Tools Group
- Favorable foreign currency translation of $26.9 million
- Snap-on Tools Group operating margin improved 160 basis points to 21.6%
- Commercial & Industrial Group organic sales up 7.1%, led by critical industries and specialty torque
- Increased sales of diagnostic and repair information products to independent repair shop owners
- Snap-on Value Creation Processes driving operational improvements
“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.”
Snap-on CEO, on the earnings call
Forward Guidance & Outlook
Snap-on believes its markets and operations possess continuing and considerable resilience against current uncertainties. The company expects to make ongoing progress along its growth runways, leveraging capabilities in automotive repair while extending into adjacent markets, additional geographies, and critical industries. Capital expenditures for full-year 2026 are projected to approximate $100 million, of which $21.2 million was incurred in Q1. The full-year 2026 effective income tax rate is anticipated to be in the range of 22% to 23%.
SNA YoY Financials
SNA Revenue by Segment
Figures from SEC filings and company reports. Not investment advice.