Form 8-K · Current report
Snap-on 8-K, filed Oct 22, 2026
- Filed
- CIK
- 0000091440
- Accession no.
- 0000091440-26-000169
Summary
Snap-on reported third-quarter 2026 net sales of $1,183.7 million, down 0.6% from a year earlier, with a 2.8% organic sales decline partly offset by acquisition-related sales, and net earnings of $243.0 million, or $4.64 per diluted share, versus $5.02 a year ago (which included a $0.31 per-share benefit from a legal settlement). Chairman and CEO Nick Pinchuk attributed the Tools Group's 7.0% organic decline to an accelerated rise in diesel prices that led franchisees to cut inventories despite stable technician demand, while the Commercial & Industrial Group posted a 7.4% organic gain.
Key points
- Third-quarter 2026 net sales fell $7.1 million, or 0.6%, to $1,183.7 million, reflecting a $33.1 million (2.8%) organic decline offset by $25.6 million of acquisition-related sales.
- Consolidated operating earnings were $316.4 million, or 24.7% of revenues, versus $347.4 million, or 26.9%, in 2025, which included a $22.0 million benefit from a legal settlement.
- Snap-on Tools Group sales fell 7.0% organically to $471.5 million with operating margin of 18.0%, while Repair Systems & Information Group sales declined 5.5% organically to $454.7 million.
- Snap-on projected 2026 capital expenditures of about $100 million and a full-year 2026 effective income tax rate of approximately 22%.
Written by an AI model from the filing text. It can be incomplete or wrong; the filing on SEC.gov is the record.
Items reported
- 2.02Results of Operations and Financial Condition
- 9.01Financial Statements and Exhibits
From the filing
Item 2.02 Results of Operations and Financial Condition On October 22, 2026, Snap-on Incorporated (the “Corporation”) issued a press release announcing results for its third quarter ended October 3, 2026. The text of the press release is furnished herewith as Exhibit 99 to this Current Report on Form 8-K. The press release contains cautionary statements identifying important factors that could cause actual results of the Corporation to differ materially from those described in any forward-looking statement of the Corporation. …
An excerpt of the text as filed with the SEC, cut for length.
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