Snap-on Incorporated (NYSE: SNA) supplies professional tools, diagnostics, repair information, software and equipment to vehicle-service professionals and industrial customers in more than 130 countries. Its franchise-van, direct and distributor channels are supported by customer and franchisee financing.
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3 reports in this collection
| Report period | Filed with SEC | Form | Source |
|---|---|---|---|
| Dec 30, 20230000091440-24-000005 | Feb 16, 2024 | 10-K | Open 10-Ksec.gov |
| Dec 28, 20240000091440-25-000010 | Feb 13, 2025 | 10-K | Open 10-Ksec.gov |
| Jan 3, 20260000091440-26-000045 | Feb 12, 2026 | 10-K | Open 10-Ksec.gov |
Dates describe the filing metadata. Figures and reporting periods should be checked against the original statement. SEC links open in a new tab.
Snap-on combines a premium professional-tool franchise with repair information, industrial equipment and customer financing. Its recent results show uneven demand rather than a broad recovery: fiscal 2025 sales edged higher while earnings declined, and first-half 2026 organic growth reversed in the third quarter. Commercial & Industrial improved, but technician-channel and dealership-related activity weakened. Legal benefits, a building-sale gain, currency movements and declining share counts complicate headline comparisons. Cash exceeded reported borrowings at October 3, 2026, although customer lending, acquisitions and shareholder distributions continue to absorb funds. Three acquisitions have closed, but some consideration and purchase accounting remain provisional. The central operating question is whether stronger industrial activity can offset weaker Tools and repair-system demand without relying on nonrecurring benefits.
Sources: 10-K · 2026-01-03 · EX-99 · 2026-04-23 · EX-99 · 2026-07-23 · 10-Q · 2026-10-03
Snap-on’s four segments address connected but different customers. Commercial & Industrial supplies critical industries; Snap-on Tools serves technicians through mobile vans; Repair Systems & Information serves repair-shop owners and OEM dealerships; Financial Services finances purchases and franchise operations. At fiscal 2025 year-end, approximately 4,700 routes included 3,400 in the United States, with about 5% company-owned. Independent franchisees buy products at discounts and set resale prices. Their accounts are not consolidated, so Snap-on’s channel sales are not technician retail sell-through. Franchise fees of $21.2 million were small relative to product and financing revenue. Approximately 90% of net sales were recognized at a point in time, rather than recurring subscriptions.
Sources: 10-K · 2026-01-03
The latest annual report, filed February 12, 2026, covers December 29, 2024–January 3, 2026. Net sales rose 0.8% to $4,743.2 million; total revenue including financing was $5,156.1 million. Organic sales increased only 0.3%, with currency supplying the remaining reported increase. Parent earnings declined 2.6% to $1,016.9 million and diluted EPS fell to $19.19. Lower volumes in Tools and Commercial & Industrial, increased operating costs and higher pension costs outweighed improvements elsewhere. Repair Systems & Information benefited from a $22.0 million legal settlement. Fiscal 2025 contained 53 weeks: management considered the overall effect immaterial, but the extra week contributed $7.4 million of financing revenue.
Sources: 10-K · 2026-01-03
The April 23 and July 23, 2026 releases reported first- and second-quarter organic sales growth of 3.4% and 3.0%, respectively. By the third quarter ended October 3, organic sales declined 2.8%; acquisitions and currency limited the reported net-sales decline to 0.6%, to $1,183.7 million. Commercial & Industrial grew organically 7.4%, while Tools fell 7.0% and Repair Systems & Information fell 5.5%. Third-quarter parent earnings declined 8.4% to $243.0 million. The comparison includes the prior-year legal benefit and a current-year $5.1 million building-sale gain. Nine-month parent earnings declined 0.7% to $750.6 million, although diluted EPS increased to $14.30 because fewer shares divided the earnings. The comparative quarter ended March 29, 2025 had total revenues of $1,243.2 million, including Financial Services revenue, and net earnings attributable to Snap-on of $240.5 million. Its exact start date is not established for these two observations in the supplied record. These reported comparative amounts remain in this qualified account but are excluded from structured quarterly comparisons; no calendar start is inferred. For the reported quarter ended April 4, 2026, total revenues including Financial Services were $1,308.3 million and parent net earnings were $247.0 million. For the quarters ended July 4, 2026 and June 28, 2025, total revenues were $1,334.8 million and $1,281.1 million, and parent net earnings were $260.6 million and $250.3 million, respectively. Exact starts for these six reported observations are not established by the supplied quarterly releases. Their values and reported quarter ends are retained here, but the six observations are excluded from structured quarterly comparisons; no start is inferred from another quarter, year-to-date period or calendar convention.
Sources: EX-99 · 2026-04-23 · EX-99 · 2026-07-23 · 10-Q · 2026-10-03
Nine-month 2026 operating cash flow reached $887.9 million, versus $813.6 million, principally reflecting better operating-asset and liability movements rather than higher profit. Finance-receivable additions and collections are investing cash flows and consumed another $21.2 million net; contract-receivable movements instead enter operating cash flow. Capital expenditures were $69.0 million, acquisition spending net of acquired cash was $158.4 million, dividends were $379.3 million and repurchases were $278.4 million. These figures describe different cash uses and should not be confused with expenses or added to overlapping quarterly totals. Inventory still absorbed cash, and receivable balances reflected longer-payment-term sales and acquisitions.
Sources: 10-Q · 2026-10-03
At October 3, cash was $1,670.0 million and debt carrying value was $1,205.1 million, excluding separately reported leases. Foreign cash of $591.6 million supports local needs and may incur repatriation taxes. Management intended to repay the $300 million notes due March 1, 2027 from cash; repayment had not occurred. Their current classification is not $300 million of new borrowing. The $900 million revolver, expiring September 12, 2028, remained undrawn, and Snap-on reported covenant compliance. It is borrowing capacity, not cash. Three acquisitions closed during 2026, but Diesel Laptops’ working-capital adjustment and its and Hi-Force’s purchase-price allocations remained unfinished.
Sources: 10-Q · 2026-10-03
Franchisee health affects sales, route coverage and collections. Vehicle complexity creates opportunities only if Snap-on develops suitable products; premium pricing, tariffs, limited-source components, cyber disruption and acquisition integration remain risks. Lower 2026 financing provisions do not establish uniformly better credit: nonaccrual finance balances increased and trade-receivable provisions rose. Organic sales exclude acquisitions and currency, not pricing, and cannot establish unit demand. As of the October 22 filing, management expected approximately $100 million of 2026 capex and an approximately 22% effective tax rate, without numerical sales or EPS guidance. Those expectations do not demonstrate that the third-quarter demand pressures have ended.
Sources: 10-K · 2026-01-03 · 10-Q · 2026-10-03
USD 5.1561 bn
FY2025 · GAAP · consolidated · Attribution: consolidated · Reported currency · fiscal weeks: 53
| Fiscal year | Value | YoY |
|---|---|---|
| 2025 | USD 5.1561 bn | — |
Consolidated net sales plus Financial Services revenue, after intersegment eliminations.
Sources: 10-K · 2026-01-03
USD 5.1084 bn
FY2024 · GAAP · consolidated · Attribution: consolidated · Reported currency · fiscal weeks: 52
| Fiscal year | Value | YoY |
|---|---|---|
| 2024 | USD 5.1084 bn | 0.0% |
| 2023 | USD 5.1083 bn | — |
Consolidated net sales plus Financial Services revenue, after intersegment eliminations.
Sources: 10-K · 2026-01-03
USD 1.0169 bn
FY2025 · GAAP · consolidated · Attribution: parent · Reported currency · fiscal weeks: 53
| Fiscal year | Value | YoY |
|---|---|---|
| 2025 | USD 1.0169 bn | — |
Net earnings attributable to the parent after deducting noncontrolling interests.
Sources: 10-K · 2026-01-03
USD 1.0439 bn
FY2024 · GAAP · consolidated · Attribution: parent · Reported currency · fiscal weeks: 52
| Fiscal year | Value | YoY |
|---|---|---|
| 2024 | USD 1.0439 bn | 3.2% |
| 2023 | USD 1.0111 bn | — |
Net earnings attributable to the parent after deducting noncontrolling interests.
Sources: 10-K · 2026-01-03
USD 1.0817 bn
FY2025 · GAAP · consolidated · Attribution: consolidated · Reported currency · fiscal weeks: 53
| Fiscal year | Value | YoY |
|---|---|---|
| 2025 | USD 1.0817 bn | — |
Consolidated operating cash flow; finance-receivable additions and collections are classified separately in investing activities.
Sources: 10-K · 2026-01-03
USD 1.2175 bn
FY2024 · GAAP · consolidated · Attribution: consolidated · Reported currency · fiscal weeks: 52
| Fiscal year | Value | YoY |
|---|---|---|
| 2024 | USD 1.2175 bn | 5.5% |
| 2023 | USD 1.1542 bn | — |
Consolidated operating cash flow; finance-receivable additions and collections are classified separately in investing activities.
Sources: 10-K · 2026-01-03
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