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Company research15 Apr 2024
The Industrial Machinery, Supplies, and Components Industry
Explore the industrial machinery industry's growth, driven by technology, sustainability, and digital transformation, impacting global economic development.
Snap-on
Snap-on (SNA) investor relations material
Snap-on Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2026 earnings summary22 Oct, 2026
Executive summary
Q3 sales were $1,183.7M, down 0.6% YoY; organic sales fell 2.8%, partly offset by $25.6M in acquisition sales and $0.4M favorable FX.
Diluted EPS was $4.64 versus $5.02; prior-year results included a $0.31-per-share after-tax legal-settlement benefit.
Results reflected diesel-driven franchisee inventory reductions and lower OEM activity, partly offset by critical-industry growth.
Nine-month sales rose 3.3% to $3,626.0M, including 1.2% organic growth; operating cash flow increased to $887.9M from $813.6M.
Financial highlights
Q3 gross profit was $603.6M; gross margin improved 10 bps to 51.0%, with RCI benefits partly offset by higher material costs.
Consolidated operating earnings were $316.4M versus $347.4M; operating earnings before financial services were $248.1M, or 21.0% of sales, versus $278.5M and 23.4%.
Net earnings attributable were $243.0M, or $4.64 per diluted share; total net earnings were $247.7M. Prior-year attributable earnings were $265.4M and included a $16.2M after-tax settlement benefit.
Operating expenses were $355.5M, or 30.0% of sales, versus $327.4M, or 27.5%; prior year included a 190-bps settlement benefit, and brand-building and other costs increased.
Nine-month gross profit rose 3.8% to $1,847.1M, with a 50.9% margin; diluted EPS was $14.30 versus $14.24.
Outlook and guidance
FY 2026 capital expenditures are projected at ~$100M, with $69.0M incurred in the first nine months; the full-year effective tax rate is expected to be ~22%.
Strategic priorities include growth in automotive repair, adjacent markets, additional geographies and critical industries, supported by customer-focused capabilities and customized solutions.
Management expects some improvement in OEM program activity but described a flatter period ahead, with launch timing and program decisions uncertain.
Tools is positioned to advance with quick-payback products as current turbulence passes; proprietary databases are streamlining independent repair-shop work.
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Latest events from Snap-on
- Q2 2026 sales up 4.7% to $1.24B, gross margin 51.4%, EPS $4.96, led by C&I growth.SNA
Q2 2026 - Premium direct sales, innovation, and vertical integration drive growth and resilience.SNABank of America Global Industrials Conference 2025
- Growth in core segments, rising software share, and franchisee optimism drive positive outlook.SNAOppenheimer 21st Annual Industrial Growth Virtual Conference
- Q1 2026 delivered robust sales and earnings growth, despite margin pressure from currency effects.SNAQ1 2026
- Shifting to smaller-ticket, high-margin products and diagnostics drives growth amid uncertainty.SNAThe 38th Annual Roth Conference
- Premium positioning, robust margins, and growth in aviation and diagnostics drive future outlook.SNABank of America Global Industrials Conference 2026
- Q4 sales up 2.8%, EPS at $4.94, cash position improved, and a building sale gain recorded.SNAQ4 2025
- Q2 net earnings up 2.7% to $271.2M, with strong cash and segment growth offsetting tool sales decline.SNAQ2 2024
- Q4 EPS rose to $4.82, with record margins and strong cash flow in key segments.SNAQ4 2024
Next Snap-on earnings date
Q4 20264 Feb, 2027
Snap-on
Next Snap-on earnings date
Q4 20264 Feb, 2027
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Frequently asked questions
Snap-on Incorporated manufactures and markets tools, equipment, diagnostics, and repair information and systems solutions for professional users worldwide. The company offers products through a direct sales force as well as through distributors. It provides diagnostics software solutions for automotive engine management systems; vehicle scan tools; emissions diagnosis and repair products; diagnostic adapters and interfaces; information systems; hand tools, power tools, stationery tools, ergonomic tool solutions, mobile power solutions, service vehicles, dispatching software solutions for technicians in the field, and test instruments. The company also provides inspection services to help customers train their technicians on various maintenance-related issues. It has operations in the United States and international markets across more than 40 countries including Australia, Canada, China, Germany, Italy, Japan, Mexico, Norway and Spain. The company is headquartered in Kenosha, Wisconsin.