Snap-on Inc (SNA) Form 8-K — Oct 22, 2026
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 (2025 included a $0.31 per-share legal settlement benefit). The quarter was mixed: the Commercial & Industrial Group posted a 7.4% organic sales gain on strength in critical industries and precision torque, while the Tools Group fell 7.0% organically as sharply rising diesel prices prompted franchisees to cut van inventories. Gross margins held strong despite the turbulence, and management expressed confidence that quick-payback Tools Group products, proprietary repair-shop databases, and critical-industries momentum will reestablish positive trajectory.
Key figures
- Eps
- 4.64
- Guidance
- 2026 capex approx $100 million; full-year 2026 effective tax rate approx 22%
- Net Income
- 243
- Revenue Yoy
- -0.6%
- Total Assets
- 8661
- Cash Position
- 1670
- Originations
- 270.6
- Prior year eps
- 5.02
- Effective tax rate
- 22.3%
- Nine month net sales
- 3626
- Organic sales change
- -2.8%
- Prior year net income
- 265.4
- Financial services revenue
- 98.6
- Cni group organic sales gain
- +7.4%
- Legal settlement benefit 2025
- 22
- Operating margin pct net sales
- 21.0%
- Consolidated operating earnings
- 316.4
- Rsi group organic sales decline
- -5.5%
- Tools group organic sales decline
- -7.0%
- Financial services operating earnings
- 68.3
- Operating earnings before fin services
- 248.1
- Consolidated operating margin pct revenues
- 24.7%
AI analysis
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