Snap-on Inc reported second-quarter 2026 results with revenue of $1.235B and diluted EPS of $4.96, each up modestly versus the year-ago quarter as the company posted higher net income and continued investment in growth and operational efficiency.
Financial Highlights
- Revenue was $1235.1M, compared with $1179.4M in the prior-year quarter; YoY change 4.7%.
- Net income was $260.6M, compared with $250.3M in the prior-year quarter; YoY change 4.1%.
- Diluted EPS was $4.96, compared with $4.72 in the prior-year quarter; YoY change 5.1%.
Business Highlights
- Net sales rose 4.7% for the quarter and 5.2% year-to-date, driven by organic gains of 3.0% for the quarter and 3.2% YTD.
- Commercial & Industrial and Tools segments delivered double- to mid-single-digit organic growth; Repair Systems was modestly up.
- Acquisitions including Diesel Laptops and Hi-Force expanded diagnostics, torque and heavy-duty offerings to support growth in professional markets.
- RCI (reduced cost initiatives) boosted gross margins through productivity, design and sourcing savings across manufacturing and the supply chain.
- Company reiterated investments in critical industries with roughly $100M capital expenditure guidance for 2026 and an expected full-year tax rate near 22%.
Original SEC Filing:
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