Snap-on Incorporated reported consolidated net sales of $4,743.2 million for the fiscal year ending January 3, 2026, marking an increase of $35.8 million, or 0.8%, compared to $4,707.4 million in the previous year. The growth was driven by a $16.5 million organic sales gain and a $19.3 million favorable impact from foreign currency translation. However, operating earnings before financial services decreased to $1,045.9 million, down from $1,068.8 million in 2024, reflecting a decline in operating margin from 22.7% to 22.1%. Net earnings attributable to Snap-on were $1,016.9 million, or $19.19 per diluted share, compared to $1,043.9 million, or $19.51 per diluted share, in the prior year.
The company experienced notable changes across its operating segments. The Commercial & Industrial Group reported a decrease in net sales to $1,457.5 million, down 1.3% from 2024, primarily due to a decline in Asia Pacific operations. The Snap-on Tools Group also saw a 1.2% decrease in net sales to $1,964.9 million, attributed to a low single-digit decline in the U.S. market. Conversely, the Repair Systems & Information Group achieved a 4.4% increase in net sales to $1,877.1 million, driven by strong performance with OEM dealerships and independent repair shop owners.
Strategically, Snap-on continued to enhance its capabilities through acquisitions, including the purchase of Mountz, Inc. for $39.6 million and SAVTEQ, Inc. for $3.0 million, which are expected to bolster its offerings in critical industries. The company also focused on improving its franchise network and expanding its product lines, particularly in the automotive repair sector and adjacent markets. As of the end of 2025, Snap-on employed approximately 13,000 people globally, with a significant portion of its workforce in the U.S.
Looking ahead, Snap-on anticipates continued progress in its coherent growth strategy, with capital expenditures projected to reach approximately $100 million in 2026. The company expects its effective income tax rate for the full year 2026 to be in the range of 22% to 23%. Despite the challenges posed by the current macroeconomic environment, Snap-on remains committed to leveraging its strengths in product innovation and customer engagement to drive future growth.
About Snap-on Inc
Snap-on Inc. is a global manufacturer and marketer of professional tools, diagnostics, equipment, and systems for vehicle repair, aerospace, military, and industrial markets. Its core offerings include hand and power tools, diagnostic software, and shop equipment sold through franchise vans, direct sales, distributors, and e-commerce. The company emphasizes innovation, quality, and customer service to serve technicians and industrial customers worldwide.
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