What is Snap-On's gross profit margin?

What were the key takeaways from Snap-On's earnings call?

What is the revenue and EPS growth rate for Snap-On year over year?

What is Snap-On's latest dividend and current dividend yield?

What factors drove the changes in Snap-On's revenue and profit?

Did Snap-On beat or miss consensus estimates last quarter?

What guidance did Snap-On's management provide for the next earnings period?

What does Snap-On do and what are its main business segments?

- **Resilient Q4 Growth**: 2.8% revenue rise, $4.94 EPS (+2.5%), despite macro challenges.
- **Margin Expansion**: Tools Group gross margin +150bp to 46.1%, C&I OI rebound with new power tools.
- **Strategic Product Success**: Nano-Axcess cordless tools and MT2600 diagnostic platform drive segment growth.
- **Cash Strength**: $1.6B cash, 16th straight dividend increase, $80M share buybacks in Q4.
- **Risk Management**: 2.1% delinquency rate, stable financial services portfolio performance.

**【CEO Summary Section】**
- **Revenue Growth**: Q4 2025 sales of $1.231 billion, up 2.8% YoY (1.4% organic), driven by C&I (+5%) and RS&I (+2.5%).
- **Profitability**: EPS of $4.94 (+$0.12 YoY), operating margin 25.3%, despite 50bp decline in gross margin to 49.2%.
- **Key Product Launches**: C&I Power Tools (Nano-Axcess cordless lineup) and RS&I (MT2600 diagnostic platform) delivered strong sales growth.
- **Market Resilience**: Automotive repair demand sustained by aging vehicle fleet (12.8 years avg age) and technician shortages.

**【CFO Financial Commentary】**
- **Segment Performance**: 
  - **C&I**: $398.1M sales (+5% YoY), OI $60.6M (15.2% margin), benefiting from new power tools but offset by material costs.
  - **Tools Group**: $505M sales (-0.7% YoY), OI $107.3M (21.2% margin), gross margin +150bp to 46.1%.
  - **RS&I**: $467.8M sales (+2.5% YoY), OI $117.7M (25.2% margin), despite software investment drag.
- **Financial Services**: $108.4M revenue (+7.4% YoY), OI $74.4M (+11.5%), driven by 53rd week interest income.
- **Balance Sheet**: $1.6B cash, $2.5B financing receivables, 2.1% delinquency rate.

**【Q&A Highlights】**
- **Tools Group Dynamics**: Flat organic sales but +150bp gross margin, driven by shorter payback items (e.g., Impact Flex sockets).
- **C&I Momentum**: Power tools (+double-digit), specialty torque (+mid-single), offset by U.S./Asia headwinds.
- **SFC Impact**: Q4 originations flat YoY, suggesting cautious technician behavior despite SFC order strength.
- **Share Repurchases**: $80.4M in Q4, $26M remaining under buyback authorization.
- **Tariff Resilience**: Minimal direct impact due to localized manufacturing strategy.

Snap-on Incorporated (SNA) Q4 2025 Earnings Call Transcript

- **Record Q3 Earnings**: EPS of $5.02, highest ever, driven by $0.31 legal settlement benefit.
- **Resilient Growth**: 3% organic sales growth, with RS&amp;I up 8.9% and Tools Group showing sequential momentum.
- **Strategic Wins**: Critical industries and precision torque tools outperform, with new products like TAC-2 and 14.4V drill gaining market share.
- **Franchisee Confidence**: SFC 2025 orders up mid-single digits, reflecting franchisees' optimism despite macro uncertainty.
- **Financial Strength**: Gross margin 50.9%, stable cash flow, and $1.53 billion cash position.

**【CEO Summary Section】**
- **Q3 2025 Performance**: Sales of $1.19 billion, up 3.8% YoY (3% organic growth). EPS of $5.02, highest ever for a third quarter, driven by $0.31 benefit from a legal settlement.
- **Market Momentum**: Encouraging growth in automotive repair and industrial sectors, despite global headwinds. Sequential growth in Tools Group and RS&amp;I.
- **Strategic Wins**: Critical industries (aviation, heavy-duty) and precision torque tools show resilience. New products like TAC-2 torque tool and 14.4V cordless drill gain traction.
- **Franchisee Engagement**: SFC 2025 saw 9,000 attendees, mid-single-digit order growth, and record product expo engagement.

**【CFO Financial Commentary】**
- **Financial Highlights**: GAAP net income $265.4 million, Non-GAAP EPS $4.71 (excluding legal benefit). Gross margin 50.9%, stable despite currency headwinds.
- **Segment Performance**: 
  - **C&amp;I**: $367.7 million sales, 0.8% organic decline due to Asia Pacific weakness, offset by critical industries growth. Operating margin 15.6%.
  - **Tools Group**: $506 million sales, 1% organic growth. Operating margin 21.7%, up 10 basis points.
  - **RS&amp;I**: $464.8 million sales, 8.9% organic growth (double-digit gains in OEM dealerships). Operating margin 30.4% (25.6% excluding legal benefit).
- **Balance Sheet**: Cash $1.53 billion, strong liquidity. Q3 cash flow $277.9 million, supporting dividend and share buybacks.
- **Outlook**: Expect $6 million pretax pension cost in Q4. 2025 tax rate 22-23%.

Snap-on (SNA)-16 Oct 25-2025 Q3 Earnings call transcript

- **Resilient Q2 Results**: Flat sales ($1.179B) with organic decline of 0.7%, driven by geopolitical uncertainty. Opco OI down 7.6% but margins stable at 22% (adjusted for prior year legal benefits).
- **Tools Group Momentum**: +1.6% organic growth, 23.8% OI margin (highest in group history), with new products like hand tools and diagnostics leading.
- **RS&amp;I Expansion**: +2.3% organic sales, 25.6% OI margin (up 60bps), powered by software and RCI initiatives.
- **C&amp;I Recovery**: Q2 sales decline of 7.6% but project pipeline improved, specialty torque business strong.
- **EPS Headwinds**: $0.25 impact from pension costs, but stable tax rate (22.5%) and cash position ($1.458B) support resilience.

**【CEO Summary Section】**
- **Resilience Amid Turbulence**: Q2 sales of $1.179 billion were flat year-over-year, with organic sales down 0.7% due to geopolitical uncertainty. Opco operating income was $259.1 million, down 7.6%, reflecting investments in product innovation and brand strength.
- **Tools Group Progress**: Organic sales rose 1.6%, driven by shorter payback items like hand tools and diagnostics. Gross margin remained stable at 48.3%, with OI margin at 23.8%, one of the highest in group history.
- **RS&amp;I Strength**: Sales grew 2.3% organically, with diagnostics and OEM businesses leading. OI margin improved 60 basis points to 25.6%, supported by software and RCI initiatives.
- **C&amp;I Challenges**: Sales declined 7.6% organically due to project delays in critical industries, but recovery was seen by quarter end. Specialty torque business remained strong.

**【CFO Financial Commentary】**
- **Net Sales and Margins**: Consolidated gross margin was 50.5%, down 10 basis points, with 50 basis points impact from unfavorable currency. Operating margin before financial services was 22%, down 80 basis points vs. 2024 (excluding legal benefits).
- **EPS Performance**: Diluted EPS of $4.72 reflected $0.25 headwinds from higher pension costs and legal benefits in prior year. Effective tax rate remained stable at 22.5%.
- **Balance Sheet Health**: Cash position of $1.458 billion, with $900 million available under credit facilities. Capital expenditures expected at $100 million for the year.

**【Q&A Highlights】**
- **Tools Group Execution**: Pivot to shorter payback items gained traction, with new products like hand tools and diagnostics driving sales. Franchisee sentiment stabilized post-Liberation Day uncertainty.
- **FX Impact**: Q2 EPS included $0.06 negative impact from currency fluctuations, primarily Swedish Krona strength.
- **M&amp;A Strategy**: Active pipeline focused on repair shop and critical industry opportunities, with caution in uncertain macro environment.
- **Collision Segment Weakness**: Cyclical hesitation among multi-store operators, but long-term demand for ADAS tools remains strong.
- **SFC Outlook**: Anticipated robust attendance, though final order impact will depend on franchisee confidence post-event.

Snap-on (SNA)-17 Jul 25-2025 Q2 Earnings call transcript

- **Q1 Results Mixed**: Total sales down 3.5% YoY, with Tools Group (-6.8%) underperforming RS&amp;I (+3.7%) and C&amp;I (+2.9%).
- **Tariff Resilience**: 15 U.S. factories and global sourcing give Snap-on "clear advantage" despite tariff headwinds.
- **Profit Margins Hold**: Gross margin up 20bps to 50.7%, C&amp;I operating margin hits 15.5% record, RS&amp;I at 25.7% (140bps YoY gain).
- **Key Growth Drivers**: Quick-payback tools (e.g., low-profile sockets), diagnostics software, and custom torque solutions.
- **Risks**: Technician confidence decline (11.7% drop in credit originations), military delays in C&amp;I, and 0.09/Q EPS pension costs in 2025.


**【CEO Summary Section】**
- **Q1 Sales Performance**: Total sales of $1.141 billion, down 3.5% year-over-year (2.3% organic decline). Tools Group organic sales fell 6.8%, while RS&amp;I and C&amp;I showed resilience with 3.7% and 2.9% organic growth, respectively.
- **Market Dynamics**: Auto repair remains strong, but technician confidence dropped due to economic uncertainty. Consumer sentiment index declined 30% since December, impacting purchases of long-payback items like tool storage units.
- **Tariff Strategy**: Snap-on is "not immune" to tariffs but advantaged by 15 U.S. factories and global sourcing network. 36 factories worldwide enable quick production adjustments.
- **Product Pivots**: Tools Group shifted to quick-payback items (e.g., low-profile sockets, adjustable wrenches) with double-digit growth in certain SKUs. RS&amp;I diagnostics and software saw strong demand, driving 25.7% operating margin (up 140bps YoY).
- **C&amp;I Strength**: Despite 2.9% organic decline, C&amp;I delivered 15.5% operating margin (up 10bps YoY) through higher-margin torque tools and custom solutions.

**【CFO Financial Commentary】**
- **Net Earnings**: $240.5 million ($4.51 EPS) vs. $263.5 million ($4.91 EPS) last year. 16% YoY decline driven by $0.40 EPS from lower volume and $0.09 from pension costs.
- **Gross Margin**: 50.7% (up 20bps YoY) despite lower sales, reflecting cost control and RCI initiatives.
- **Operating Expenses**: 29.4% of sales (up 180bps YoY) due to lower sales and one-time 2024 legal benefit ($11.3 million).
- **Financial Services**: Operating earnings up 2.9% to $70.3 million, with loan originations down 10.9% YoY (tariff-related decline in big-ticket items).
- **Balance Sheet**: $2.5 billion gross financing receivables, 2% U.S. 60+ day delinquency rate (up 20bps YoY).

**【Q&A Highlights】**
- **Technician Sentiment**: Confidence decline led to 11.7% drop in extended credit originations. Quick-payback items like diagnostic tools (e.g., SOLUS) outperformed, but overall Tools Group sales fell 6.8%.
- **Tariff Impact**: Snap-on benefits from U.S.-made products (e.g., 3-inch torque wrench) and global sourcing flexibility. 2025 expects $0.09/Q EPS impact from higher pension costs.
- **RS&amp;I Growth**: Software-driven margins (25.7%) and diagnostics expansion offset undercar equipment decline. Mitchell1 integration enhances repair workflows.
- **C&amp;I Recovery**: Military delays caused 11.7% decline in critical industries, but custom torque tools and aerospace solutions drove 15.5% margin.
- **Backlog Trends**: Tool storage backlog liquidated due to demand shift to carts and lockers. Swivel sockets show slight backlog, but overall capacity is optimized.


Snap-on (SNA)-17 Apr 25-2025 Q1 Earnings call transcript

- **Resilient Q4 Growth**: Total sales flat YoY, but C&amp;I (+3.9%) and RS&amp;I (+1.6%) offset Tools Group decline. Gross margin +140bps to 49.7%, operating margin +50bps to 22.1%.
- **Segment Standouts**: C&amp;I operating margin jumps 180bps to 16.7%, RS&amp;I margin expands 150bps to 26.6%. New CTM 800 torque tool and APOLLO+ diagnostic platform drive innovation.
- **Tools Group Progress**: 1.4% organic decline vs. 7.7% in 2023, narrowing gap through fast-payback tools like NDDM 35 and XDSGM.
- **2025 Outlook**: Margin expansion continues with 22-23% tax rate. C&amp;I and RS&amp;I growth offset macro risks in Tools Group.

**【CEO Summary Section】**
- **Q4 Revenue Performance**: Total sales of $1.198 billion, up 0.2% year-over-year, driven by strength in C&amp;I and RS&amp;I segments. Tools Group organic sales declined 1.4%, but narrowed the gap versus 2023.
- **Profitability Highlights**: Gross margin improved 140bps to 49.7%, operating margin rose 50bps to 22.1%, both records for the quarter. C&amp;I operating margin surged 180bps to 16.7%, while RS&amp;I margin expanded 150bps to 26.6%.
- **Segment Breakdown**:
  - **C&amp;I**: Sales up 3.9% organically to $379.2 million, driven by specialty torque (high single-digit growth) and custom kits. New CTM 800 torque tool launched, showcasing leadership in precision tools.
  - **RS&amp;I**: Sales up 1.6% organically to $456.6 million, fueled by APOLLO+ diagnostic platform adoption and V4400 alignment system innovation. Software gross margin expanded 200bps.
  - **Tools Group**: Franchisee satisfaction ranked #1 in the U.S. and UK, with new tools like NDDM 35 and XDSGM addressing technician pain points. Pivoting to fast-payback items narrowed the sales gap.
- **Market Trends**: Vehicle repair complexity (EVs, ADAS) driving demand for diagnostic tools and undercar equipment. Technician wages and repair hours rising, but macro uncertainty persists.

**【CFO Financial Commentary】**
- **Net Earnings**: $258.1 million, up 1.2% YoY. EPS of $4.82 vs. $4.75 prior year, driven by margin expansion and cost control.
- **Segment Performance**:
  - **C&amp;I**: Operating earnings up 17.4% to $63.5 million, benefiting from higher-margin critical industry sales.
  - **RS&amp;I**: Operating earnings rose 7.1% to $121.4 million, with software subscriptions and RCI initiatives boosting margins.
  - **Financial Services**: Originations down 5.9%, reflecting reduced big-ticket financing. Delinquency rates stable at 2%.
- **2025 Outlook**: Expect $27 million/QTR operating expenses and 22-23% tax rate. 53-week fiscal year may modestly impact Q4 results.

**【Q&A Highlights】**
- **Tools Group Pivot**: 1.4% organic decline vs. 7.7% in 2023, signaling progress. Franchisees prefer short-cycle tools due to macro uncertainty.
- **C&amp;I Growth**: Specialty torque and custom kits driving gains. CTM 800 tool adoption validates leadership in precision tools.
- **Tariff Impact**: U.S.-made products shielded from tariffs, but international markets face currency headwinds.
- **Originations Decline**: Driven by lower tool storage sales, not a sign of broader weakness. APOLLO+ diagnostic platform reduces reliance on extended credit.
- **2025 Revenue Trajectory**: C&amp;I and RS&amp;I poised for growth, while Tools Group recovery depends on macro clarity.

Actual																	2.6	1.91	3.28	3.84	3.5	3.76	3.57	4.1	4	4.27	4.14	4.42	4.6	4.89	4.51	4.75	4.91	5.07	4.7	4.82	4.51	4.72	5.02	4.94
Forecast																	2.6967	1.778	2.1617	2.9413	3.0553	3.2209	3.3975	3.6906	3.6639	3.9486	3.8597	4.1999	4.1464	4.5768	4.4372	4.6627	4.6418	4.9222	4.5867	4.8056	4.8125	4.6313	4.64	4.9825
Surprise	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-3.59%	+7.42%	+51.73%	+30.55%	+14.56%	+16.74%	+5.08%	+11.09%	+9.17%	+8.14%	+7.26%	+5.24%	+10.94%	+6.84%	+1.64%	+1.87%	+5.78%	+3.00%	+2.47%	+0.30%	-6.29%	+1.92%	+8.19%	-0.85%

Actual	--	--	--	--	--	--	--	--	--	--	--	--	--	--	--	--	852.20M	724.30M	941.60M	1.07B	1.02B	1.08B	1.04B	1.11B	1.10B	1.14B	1.10B	1.16B	1.18B	1.19B	1.16B	1.20B	1.18B	1.18B	1.15B	1.20B	1.14B	1.18B	1.19B	1.23B
Forecast	--	--	--	--	--	--	--	--	--	--	--	--	--	--	--	--	877.69M	726.67M	817.14M	942.78M	945.81M	992.13M	1.00B	1.10B	1.06B	1.10B	1.07B	1.15B	1.13B	1.19B	1.15B	1.20B	1.20B	1.20B	1.16B	1.20B	1.20B	1.16B	1.16B	1.23B
Surprise	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-2.90%	-0.33%	+15.23%	+13.96%	+8.33%	+9.00%	+3.32%	+1.18%	+3.97%	+2.89%	+2.78%	+0.17%	+4.62%	+0.15%	+1.09%	-0.45%	-1.56%	-1.47%	-0.88%	+0.16%	-4.55%	+1.98%	+2.69%	-0.21%

SNA

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SNA Q4 2025 Earnings

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SNA

SNA fundamentals

SNA Q4 2025 Earnings

Earnings Call

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