0000091440-26-000045
SEC filingSnap-on Incorporated (SNA) delivered robust financial performance for fiscal year 2025 ending January 3, 2026, with net sales of $5.16B, gross profit of $2.39B, and operating earnings of $1.33B. Earnings before income taxes reached $1.34B after $50.5M interest expense offset by $58.7M other income, leading to net earnings of $1.04B ($1.02B attributable to Snap-on) and diluted EPS of $19. The company maintained strong liquidity with $1.62B in cash and equivalents, total current assets of $4.40B against $918.5M current liabilities, and total assets of $8.41B funded by $5.96B equity. Operating cash flow was a healthy $1.08B, supporting $462.2M dividends and $328.6M treasury stock purchases, while cash grew by $264.0M to $757.2M (noting balance sheet discrepancy). Balance sheet strength is evident with $5.93B shareholders' equity and long-term debt of $1.19B. No prior year figures disclosed, limiting YoY analysis. This positions Snap-on for sustained capital returns and operational investments amid stable profitability.
Snap-on Incorporated reported strong FY 2025 results ending January 3, 2026. Net sales were $5.16B, with cost of goods sold at $2.36B yielding gross profit of $2.39B (46.3% margin). Operating expenses of $1.47B resulted in operating earnings of $1.33B (25.8% margin). After $50.5M interest expense and $58.7M other income, earnings before taxes were $1.34B. Income tax expense of $293.6M led to net earnings of $1.04B, with $1.02B attributable to Snap-on after $25.4M noncontrolling interests. Diluted EPS was $19 on 53.0M shares. Balance sheet showed total assets of $8.41B, equity of $5.96B. Operating cash flow of $1.08B drove $264.0M cash increase. No prior period data provided for YoY comparisons. (148 words)
Net sales totaled $5.16B for FY 2025. No segment breakdowns, geographic mix, or growth drivers disclosed in the provided XBRL data or document content. Product and service axes marked N/A, with no differentiation between commercial and financial services revenues. Filing lacks MD&A details on revenue composition or changes. All revenue figures derived solely from consolidated net sales line item. (78 words)
Gross profit of $2.39B on $5.16B sales yielded 46.3% gross margin (($2.39B / $5.16B) * 100). Operating earnings of $1.33B produced 25.8% operating margin (($1.33B / $5.16B) * 100). No cost structure changes, YoY trends, or prior period margins disclosed. Effective tax rate was approximately 21.9% ($293.6M / $1.34B). Net margin attributable to Snap-on was 19.8% ($1.02B / $5.16B). (92 words)
Operating activities generated $1.08B cash, driven by $1.04B net earnings plus $75.8M depreciation, $22.7M amortization, and $72.9M finance receivable provisions, adjusted for working capital changes like +$61.8M trade receivables and -$42.7M accounts payable. Investing used $73.1M net, mainly finance receivables ($913.6M additions vs. $888.9M collections) and $76.0M capex. Financing used $749.9M for $462.2M dividends and $328.6M treasury stock. Cash ended at $757.2M (up $264.0M); balance sheet reports $1.62B cash equivalents. Total assets $8.41B, current ratio ~4.8x, long-term debt $1.19B, shareholders' equity $5.93B. (128 words)
No management guidance, strategic priorities, or risk factors explicitly disclosed in the provided XBRL financial data or document content. Commitments and contingencies referenced in Note 15 but no details provided. No forward-looking statements available in filing excerpt. (52 words)