Results
Sales of $1,235.1 million up 4.7% from Q2 2025, organic sales up 3.0%;
2Gross margin of 51.4% compares to 50.5% a year ago;
1Diluted EPS of $4.96 for the quarter compares to $4.72 last year
7Net sales of $1,235.1 million in the second quarter of 2026 represented an increase of $55.7 million, or 4.7%, from 2025 levels, reflecting a $35.5 million, or 3.0%, organic sales gain, $11.5 million of acquisition-related sales, and $8.7 million of favorable foreign currency translation.
Operating earnings before financial services for the quarter of $268.9 million compared to $259.1 million last year.
As a percentage of net sales, operating earnings before financial services were 21.8% compared to 22.0% in 2025.
Financial services revenue in the quarter of $99.7 million compared to $101.7 million in 2025; financial services operating earnings of $67.5 million compared to $68.2 million last year.
Consolidated operating earnings for the quarter of $336.4 million compared to $327.3 million in 2025.
As a percentage of revenues (net sales plus financial services revenue), consolidated operating earnings were 25.2% in the second quarter compared to 25.5% last year.
The second quarter effective income tax rate was 21.9% in 2026 and 22.5% in 2025.
Net earnings in the quarter of $260.6 million, or $4.96 per diluted share, compared to net earnings of $250.3 million, or $4.72 per diluted share, a year ago.
Management commentary
“Our performance was again encouraging, demonstrating the broad resilience of our markets, the substantial power of our business models, and the considerable advantages we hold in product, brand and people, driving ongoing overall momentum in sales and earnings and achieving improved gross margins, overcoming an environment of significantly increasing turbulence,” said Nick Pinchuk, Snap‑on chairman and chief executive officer.
“In the period, the continuing sales growth in the U.S. Tools Group, the gains in our Asia Pacific and European-based hand tools operations, and our rise in the critical industries, all confirm the diverse and abundant opportunities available along our runways for growth.
In that regard, during the quarter, we completed the acquisitions of Hi-Force Hydraulic Tools to further our offerings in the robust torque arena and Diesel Laptops to add capabilities in diagnostics, repair information and digital solutions for the commercial truck and off-highway vehicle markets.
We believe that with these recent pursuits to extend in critical industries and expand with repair shop owners and managers, along with our focused efforts to enhance the franchise van channel, we are well positioned to move forward on a positive
trajectory.
We’ll keep investing in our already decisive strengths and we’ll remain committed to our Snap-on Value Creation Processes to maintain capacity for advancement in a variety of conditions.
Finally, the success of our enterprise is rooted in the deep experience, distinctive proficiency, and the relentless commitment of Snap-on people…unique characteristics that enable and ensure our enduring progress.
As such, I want to thank both our franchisees and associates for their valuable contributions, for their steadfast dedication to our team, and for their unwavering belief in our days and years to come.”
Results
Segment Results
8Commercial & Industrial Group segment sales of $395.8 million in the quarter compared to $347.8 million last year, reflecting a $38.7 million, or 11.0%, organic gain, $6.8 million of acquisition-related sales, and $2.5 million of favorable foreign currency translation.
The organic increase includes higher sales in each of the segment’s operations.
Operating earnings of $66.5 million in the period compared to $46.9 million in 2025.
6The operating margin (operating earnings as a percentage of segment sales) of 16.8% improved 330 basis points from 13.5% last year.
Snap-on Tools Group segment sales of $508.8 million in the quarter compared to $491.0 million last year, reflecting a $14.9 million, or 3.0%, organic sales increase and $2.9 million of favorable foreign currency translation.
The organic gain is due to higher sales both in the U.S. and in the segment’s international operations.
Operating earnings of $115.1 million in the period compared to $116.7 million in 2025.
3The operating margin of 22.6% compared to 23.8% a year ago.
5Repair Systems & Information Group segment sales of $480.3 million in the quarter compared to $468.6 million in 2025, reflecting a $3.2 million, or 0.7%, organic gain, $4.7 million of acquisition-related sales, and $3.8 million of favorable foreign currency translation.
On an organic basis, increased sales of undercar equipment and of diagnostic and repair information products to independent repair shop owners and managers were partially offset by lower activity with OEM dealerships.
Operating earnings of $115.1 million in the period compared to $119.8 million in 2025.
4The operating margin of 24.0% compared to 25.6% last year.
Financial Services operating earnings of $67.5 million on revenue of $99.7 million in the quarter compared to operating earnings of $68.2 million on revenue of $101.7 million last year.
Originations of $281.0 million in the second quarter represented a decrease of $12.0 million, or 4.1%, from 2025 levels.
Corporate expenses in the second quarter of $27.8 million compared to $24.3 million last year.
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Outlook
Outlook
We believe that our markets and our operations possess and have demonstrated continuing and considerable resilience against the uncertainties of the current environment.
Snap-on expects to make ongoing progress along its decisive runways for coherent growth, leveraging capabilities already proven in the automotive repair arena, developing and expanding its professional customer base, not only in automotive repair, but in adjacent markets, additional geographies and other areas, including extending in critical industries, where the cost and penalties for failure are high.
In pursuit of these initiatives, we project that capital expenditures in 2026 will approximate $100 million, of which $44.3 million was incurred in the first six months of the year.
Snap-on currently anticipates that its full-year 2026 effective income tax rate will approximate 22%.
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