AI-extracted from the 10-Q filed 2026-10-22 — Q3 FY2026 (quarter ended October 3, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.
Snap-on Q3 2026 net sales fell 0.6% to $1,183.7M as a 2.8% organic decline offset acquisitions, while operating earnings dropped 8.9% to $316.4M, partly due to a prior-year $22.0M legal settlement benefit.
Biggest Revenue Drivers
Snap-on Tools Group$471.5M-6.8% YoY
High single-digit U.S. decline and low single-digit international reduction in organic sales.
Repair Systems & Information Group$454.7M-2.2% YoY
Double-digit decline in activity with OEM dealerships and low single-digit reduction in diagnostic and repair information sales, partly offset by $15.6M acquisition sales.
Biggest Revenue Drivers
Total revenue: $1,282.3M-0.7% YoY
Snap-on Tools Group$471.5M-6.8% YoY
High single-digit U.S. decline and low single-digit international reduction in organic sales.
Repair Systems & Information Group$454.7M-2.2% YoY
Double-digit decline in activity with OEM dealerships and low single-digit reduction in diagnostic and repair information sales, partly offset by $15.6M acquisition sales.
Commercial & Industrial Group$404.3M+10.0% YoY
Mid single-digit rise in activity with critical industries, double-digit gains in specialty torque, and $10.0M acquisition-related sales.
Financial Services$98.6M-2.5% YoY
Primarily due to lower year-over-year average portfolio.
Largest Expense Items
Operating expenses$355.5M+8.6% YoY
Rose from $327.4M, which included a $22.0M legal settlement benefit in 2025; also increased brand building and other costs.
Cost of goods sold$580.1M-0.8% YoY
Gross margin improved 10 bps to 51.0% on RCI initiative benefits, partially offset by higher material costs.
Financial services expenses$30.3M-5.9% YoY
Decreased primarily due to a $2.3M reduction in provisions for credit losses.
Margins: Gross margin rose 10 basis points to 51.0%, driven by Rapid Continuous Improvement savings partly offset by higher material costs. Operating margin before financial services fell to 21.0% from 23.4%, mainly due to the prior-year legal settlement benefit and higher operating expenses.
Watch Items from the Filing
Organic net sales declined $33.1M, or 2.8%, in the quarter; acquisitions contributed $25.6M of sales.
Repair Systems & Information operating margin fell to 25.5% from 30.4%, which included a $22.0M legal settlement benefit in the prior year.
Snap-on Tools Group operating margin declined to 18.0% from 21.7% on lower sales volumes and higher brand building costs.
Snap-on intends to repay a $300M 3.25% note at its March 1, 2027 maturity using available cash on hand.
AI-extracted and verified against SEC EDGAR filing text. Not investment advice.
7 transactions in SNA reported by 3 members of Congress under the STOCK Act, most recent trade Jul 5, 2024. Reported transactions, not recommendations.
About Snap-on Inc (SNA): stock profile, AI score and financials
Snap-on Inc (SNA) stock profile, AI quality score, and SEC EDGAR financial data, a Industrials sector company. 13F Pro's AI-powered ranking engine scores SNA at 62.2/100 on a composite quality score built from its SEC filings, placing it at rank #726 of 2,925 stocks — the top 25% of the AI-ranked universe. SNA scores in the top quartile across balance sheet strength (88.8), revenue scale (78.5), profitability (77.3). Areas of concern include revenue growth (29.9), which score below median versus the broader universe. Based on the latest XBRL financial filings (Q3 2026), Snap-on Inc reports quarterly revenue of $1.3B, net income of $243.0M, an operating margin of 24.7%. SNA trades on the NYSE exchange and files with the SEC under CIK 91440. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate SNA daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for Snap-on Inc directly from SEC EDGAR.