Snap-on Announces Third Quarter 2026 Results
Snap-on reported Q3 2026 net sales of $1,183.7 million, down 0.6% year-over-year, with diluted EPS of $4.64 versus $5.02 a year ago. The decline was driven by a 2.8% organic sales drop, concentrated in the Snap-on Tools Group (organic -7.0%), which management attributed to franchisees reducing inventories amid an accelerated rise in diesel prices, despite stable technician demand. Commercial & Industrial was a bright spot, with sales of $404.3 million, up 7.4% organically, and segment operating margin expanding to 18.5% from 15.6%; consolidated gross margins held strong.
Key figures
- Eps
- 4.64
- Guidance
- 2026 capex ~$100M ($69.0M incurred in first nine months); FY26 effective tax rate ~22%
- Revenue Yoy
- -0.6%
- Net earnings
- 243000000
- Prior year eps
- 5.02
- Rsi segment sales
- 454700000
- Rsi organic change
- -5.5%
- Nine month net sales
- 3626000000
- Organic sales change
- -2.8%
- C and i segment sales
- 404300000
- C and i organic growth
- 7.4%
- Nine month diluted eps
- 14.3
- Tools group segment sales
- 471500000
- Financial services revenue
- 98600000
- Tools group organic change
- -7.0%
- Consolidated operating margin
- 24.7%
- Consolidated operating earnings
- 316400000
- Operating margin before fin services
- 21.0%
- Financial services operating earnings
- 68300000
- Operating earnings before fin services
- 248100000
AI analysis
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