Citable filing context
SNA's research view summarizes recent SEC filing context, starting with earnings from Jul 23, 2026.
| Filed | Item | Context |
|---|---|---|
| Jul 23, 2026 | earnings | Snap-on reported second quarter 2026 net sales of $1.235 billion and diluted EPS of $4.96. |
| May 1, 2026 | other | Snap-on Inc held its 2026 Annual Meeting, electing 10 board members and ratifying Deloitte as its auditor. |
| Apr 23, 2026 | earnings | Snap-on reported Q1 2026 net sales of $1,207.2 million, a 5.8% increase from Q1 2025. |
| Jul 23, 2026 | Guidance: capital_expenditures | not reported to 100.00 |
| Jul 23, 2026 | Guidance: effective_income_tax_rate | not reported to 22.00 |
| Apr 22, 2021 | Guidance: capital_expenditures | 90.00 to 100.00 |
| Jul 23, 2026 | mda_quarterly | Snap-on Incorporated reported net sales of $1,235.1 million for the second quarter of 2026, a 4.7% increase over the prior-year period, driven by a 3.0% organic sales gain, $11.5 million in acquisition-related revenue, and favorable foreign currency translation. Gross margin improved by 90 basis points to 51.4%, bolstered by increased sales volumes and the company’s Rapid Continuous Improvement (RCI) initiatives, which focus on manufacturing efficiencies and product design cost reductions. The company’s performance was supported by growth across its segments. The Commercial & Industrial Group saw a 13.8% increase in net sales, fueled by double-digit gains in Asia Pacific and European hand tools, as well as specialty torque and power tools. The Repair Systems & Information Group grew 2.5%, benefiting from the June 2026 acquisition of Diesel Laptops, which expands its diagnostics and digital solutions for heavy-duty commercial and off-highway vehicles. The Snap-on Tools Group achieved a 3.6% sales increase. Operating expenses rose 110 basis points as a percentage of sales, primarily due to higher personnel costs and technology investments. Snap-on maintains a strong liquidity position, with $1,644.7 million in cash and equivalents and no outstanding borrowings under its $900 million revolving credit facility. |
| Apr 23, 2026 | mda_quarterly | Net sales for the first quarter of 2026 increased 5.8% to $1,207.2 million, driven by a 3.4% organic gain and favorable foreign currency translation. Gross margin declined 30 basis points as higher tariffs and material costs offset volume gains and savings from Rapid Continuous Improvement (RCI) initiatives. The Commercial & Industrial Group reported a 10.8% sales increase, fueled by growth in the specialty torque business and critical industries. The Snap-on Tools Group grew 5.0% through low single-digit gains in U.S. and international markets. In the Repair Systems & Information Group, organic growth in diagnostics and repair information for independent shops was offset by reduced activity with OEM dealerships. Financial services revenue decreased 1.0% to $101.1 million, reflecting a lower average portfolio. The company maintains a strong liquidity position with $1,753.3 million in cash and cash equivalents, supporting $126.8 million in dividends and $99.9 million in share repurchases. Key financial risks include inflation, trade policy impacts on material costs, and foreign currency volatility. Management projects full-year 2026 capital expenditures of approximately $100 million and an effective tax rate between 22% and 23%. |
Source: SEC EDGAR filing text and events; period Jul 23, 2026; filed Jul 23, 2026.
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