Q2 2026 Earnings Summary
Metric | YoY Change | Reason |
---|---|---|
Total Revenue (Q1 2025 vs Q1 2024) | Decrease of $38.7 million (–3%) | Total revenue dropped by $38.7 million due to net sales declining by $41.2 million (–3.5%), driven by a $27.3 million (–2.3%) organic drop and a $13.9 million negative impact from foreign currency translation. |
Snap-on Tools Group (Q1 2025 vs Q1 2024) | Decrease of $37.2 million (–7.4%) | Snap-on Tools Group’s revenue fell by $37.2 million, largely due to a 6.8% organic sales decline in the U.S. that was only partially offset by low single-digit gains in international markets, along with unfavorable currency translation. |
Commercial & Industrial Group (Q1 2025 vs Q1 2024) | Decrease of $16.0 million (–4.4%) | This segment experienced a $16.0 million decline, reflecting a 2.9% organic sales drop combined with a $5.6 million negative currency translation effect, with additional pressure from weaker military and European-based hand tool sales. |
Repair Systems & Information Group (Q1 2025 vs Q1 2024) | Increase of $12.1 million (+2.6%) | Revenue increased by $12.1 million as a result of a strong 3.7% organic sales gain driven by rising OEM dealership activity and higher sales of diagnostic and repair information products, despite a $4.9 million adverse impact from currency translation. |
Financial Services (Q1 2025 vs Q1 2024) | Increase of $2.5 million (+2.5%) | Financial Services revenue grew by $2.5 million, reflecting stable receivable yields and consistent business performance that helped offset some of the declines in net sales from other segments. |
Total Revenue (Q2 2026 vs Q1 2026) | Increase of approximately 3% | Q2 2026 total revenue climbed from $1,243.2 million to $1,281.1 million—a modest 3% uptick—suggesting a gradual recovery that may be linked to improved operational execution and market conditions, though it remains below the dramatic change threshold. |
Research analysts covering Snap-on.