NYSE: SNA
Snap-on IncCIK 0000091440 · SIC 3420 · Cutlery, Handtools & General Hardware
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Net sales decreased 0.7% to $1.28B in the third quarter.
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Latest financial statements
From 10-Q filed Oct 22, 2026 (period ending Oct 3, 2026). As printed on the EDGAR/iXBRL face — not generated by the model.
Condensed Consolidated Statements of Earnings (Unaudited)
(Amounts in millions, except per share data)
| Description | Three months ended October 3, 2026 | Three months ended September 27, 2025 | Nine months ended October 3, 2026 | Nine months ended September 27, 2025 |
|---|---|---|---|---|
| Net sales | 1,183.7 | 1,190.8 | 3,626.0 | 3,511.3 |
| Cost of goods sold | (580.1) | (584.9) | (1,778.9) | (1,731.4) |
| Gross profit | 603.6 | 605.9 | 1,847.1 | 1,779.9 |
| Operating expenses | (355.5) | (327.4) | (1,079.3) | (999.2) |
| Operating earnings before financial services | 248.1 | 278.5 | 767.8 | 780.7 |
| Financial services revenue | 98.6 | 101.1 | 299.4 | 304.9 |
| Financial services expenses | (30.3) | (32.2) | (95.6) | (97.5) |
| Operating earnings from financial services | 68.3 | 68.9 | 203.8 | 207.4 |
| Operating earnings | 316.4 | 347.4 | 971.6 | 988.1 |
| Interest expense | (12.5) | (12.4) | (37.2) | (37.1) |
| Other income (expense) net | 15.4 | 14.3 | 47.3 | 43.0 |
| Earnings before income taxes | 319.3 | 349.3 | 981.7 | 994.0 |
| Income tax expense | (69.7) | (77.5) | (212.4) | (218.7) |
| Net earnings | 249.6 | 271.8 | 769.3 | 775.3 |
| Net earnings attributable to noncontrolling interests | (6.6) | (6.4) | (18.7) | (19.1) |
| Net earnings attributable to Snap-on Incorporated | 243.0 | 265.4 | 750.6 | 756.2 |
| Net earnings per share attributable to Snap-on Incorporated: | ||||
| Basic | 4.71 | 5.09 | 14.52 | 14.49 |
| Diluted | 4.64 | 5.02 | 14.30 | 14.24 |
| Weighted-average shares outstanding: | ||||
| Basic | 51.6 | 52.1 | 51.7 | 52.2 |
| Effect of dilutive securities | 0.8 | 0.8 | 0.8 | 0.9 |
| Diluted | 52.4 | 52.9 | 52.5 | 53.1 |
| Dividends declared per common share | 2.44 | 2.14 | 7.32 | 6.42 |
Condensed Consolidated Balance Sheets (Unaudited)
(Amounts in millions, except share data)
| Description | October 3, 2026 | January 3, 2026 |
|---|---|---|
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | 1,670.0 | 1,624.5 |
| Trade and other accounts receivable net | 922.1 | 881.4 |
| Finance receivables net | 590.6 | 590.2 |
| Contract receivables net | 128.7 | 130.0 |
| Inventories net | 1,079.6 | 1,025.2 |
| Prepaid expenses and other current assets | 170.3 | 151.5 |
| Total current assets | 4,561.3 | 4,402.8 |
| Property and equipment: | ||
| Land | 36.1 | 35.8 |
| Buildings and improvements | 487.1 | 470.3 |
| Machinery, equipment and computer software | 1,173.5 | 1,142.7 |
| Property and equipment gross | 1,696.7 | 1,648.8 |
| Accumulated depreciation | (1,133.0) | (1,096.5) |
| Property and equipment net | 563.7 | 552.3 |
| Operating lease right-of-use assets | 95.6 | 83.7 |
| Deferred income tax assets | 75.7 | 72.5 |
| Long-term finance receivables net | 1,267.3 | 1,298.8 |
| Long-term contract receivables net | 406.6 | 423.1 |
| Goodwill | 1,226.3 | 1,109.5 |
| Other intangible assets net | 266.5 | 270.7 |
| Pension assets | 174.5 | 173.8 |
| Other long-term assets | 23.5 | 25.1 |
| Total assets | 8,661.0 | 8,412.3 |
| LIABILITIES AND EQUITY | ||
| Current liabilities: | ||
| Notes payable and current maturities of long-term debt | 317.9 | 16.2 |
| Accounts payable | 264.3 | 229.1 |
| Accrued benefits | 52.5 | 64.7 |
| Accrued compensation | 82.2 | 77.2 |
| Franchisee deposits | 69.7 | 66.2 |
| Other accrued liabilities | 500.1 | 465.1 |
| Total current liabilities | 1,286.7 | 918.5 |
| Long-term debt | 887.2 | 1,186.4 |
| Deferred income tax liabilities | 106.3 | 87.0 |
| Retiree health care benefits | 16.1 | 17.7 |
| Pension liabilities | 74.3 | 85.7 |
| Operating lease liabilities | 71.7 | 61.8 |
| Other long-term liabilities | 98.8 | 98.4 |
| Total liabilities | 2,541.1 | 2,455.5 |
| Commitments and contingencies (Note 14) | ||
| Equity | ||
| Shareholders’ equity attributable to Snap-on Incorporated: | ||
| Preferred stock (authorized 15,000,000 shares of $1 par value; none outstanding) | — | — |
| Common stock (authorized 250,000,000 shares of $1 par value; issued 67,466,150 and 67,461,309 shares, respectively) | 67.5 | 67.5 |
| Additional paid-in capital | 603.5 | 578.5 |
| Retained earnings | 8,507.5 | 8,137.5 |
| Accumulated other comprehensive loss | (380.2) | (354.8) |
| Treasury stock at cost (15,884,955 and 15,594,254 shares, respectively) | (2,703.4) | (2,496.9) |
| Total shareholders’ equity attributable to Snap-on Incorporated | 6,094.9 | 5,931.8 |
| Noncontrolling interests | 25.0 | 25.0 |
| Total equity | 6,119.9 | 5,956.8 |
| Total liabilities and equity | 8,661.0 | 8,412.3 |
Condensed Consolidated Statements of Cash Flows (Unaudited)
(Amounts in millions)
| Description | Nine months ended October 3, 2026 | Nine months ended September 27, 2025 |
|---|---|---|
| Operating activities: | ||
| Net earnings | 769.3 | 775.3 |
| Adjustments to reconcile net earnings to net cash provided (used) by operating activities: | ||
| Depreciation | 60.3 | 55.9 |
| Amortization of other intangible assets | 15.3 | 17.3 |
| Provisions for losses on finance receivables | 50.8 | 54.3 |
| Provisions for losses on non-finance receivables | 21.8 | 15.3 |
| Stock-based compensation expense | 24.2 | 21.7 |
| Deferred income tax provision (benefit) | 13.9 | (0.7) |
| Net gain on sales of assets | (5.0) | (0.1) |
| Changes in operating assets and liabilities, net of effects of acquisitions: | ||
| Trade and other accounts receivable | (54.5) | (100.4) |
| Contract receivables | 14.8 | (7.8) |
| Inventories | (44.7) | (44.8) |
| Prepaid expenses and other assets | (7.8) | 19.2 |
| Accounts payable | 28.9 | 3.8 |
| Accrued and other liabilities | 0.6 | 4.6 |
| Net cash provided by operating activities | 887.9 | 813.6 |
| Investing activities: | ||
| Additions to finance receivables | (668.3) | (678.4) |
| Collections of finance receivables | 647.1 | 642.5 |
| Capital expenditures | (69.0) | (62.5) |
| Acquisitions of businesses, net of cash acquired | (158.4) | — |
| Disposals of property and equipment | 6.6 | 0.9 |
| Other | — | (1.5) |
| Net cash used by investing activities | (242.0) | (99.0) |
| Financing activities: | ||
| Net increase in other short-term borrowings | 3.3 | 7.9 |
| Cash dividends paid | (379.3) | (335.5) |
| Purchases of treasury stock | (278.4) | (248.2) |
| Proceeds from stock purchase plans and stock option exercises | 81.1 | 60.0 |
| Other | (28.9) | (29.6) |
| Net cash used by financing activities | (602.2) | (545.4) |
| Effect of exchange rate changes on cash and cash equivalents | 1.8 | 4.4 |
| Increase in cash and cash equivalents | 45.5 | 173.6 |
| Cash and cash equivalents at beginning of year | 1,624.5 | 1,360.5 |
| Cash and cash equivalents at end of period | 1,670.0 | 1,534.1 |
| Supplemental cash flow disclosures: | ||
| Cash paid for interest | (36.3) | (35.9) |
| Net cash paid for income taxes | (196.3) | (212.5) |
Amounts as printed on the EDGAR/iXBRL face — (Amounts in millions, except per share data); (Amounts in millions, except share data); (Amounts in millions). Labels, columns, and figures are the filing face, not a GAAP stencil. Interactive statements & notes on EDGAR ↗