Snap-on Incorporated $(SNA)$ reported its operating results for the second quarter of 2025, noting net sales of $1,179.4 million, unchanged from the previous year's levels. This stability in sales reflects an organic decline of $8.6 million, or 0.7%, which was offset by favorable foreign currency translation of the same amount. The company's operating earnings before financial services were $259.1 million, representing 22.0% of net sales, compared to $280.3 million, or 23.8% of net sales, in the same quarter last year. The previous year's results included a $11.2 million benefit from the final payments associated with a legal matter. The Snap-on Tools Group segment saw a sales increase to $491.0 million, up from $482.0 million in the prior year, driven by a $7.8 million, or 1.6%, organic sales gain and $1.2 million from favorable foreign currency translation. The organic growth was due to higher sales in the U.S., while international operations remained flat. The segment's operating earnings were $116.7 million, with an unchanged operating margin of 23.8%. Meanwhile, the Repair Systems & Information Group segment reported sales of $468.6 million, up from $454.8 million last year. This included a $10.7 million, or 2.3%, organic sales increase and $3.1 million from favorable foreign currency translation. The growth was attributed to increased activity with OEM dealerships and higher sales of diagnostic and repair information products, despite a decline in undercar equipment volumes. The company's leadership emphasized the solid operating earnings and resilient gross margins achieved amidst ongoing market uncertainties and trade challenges. Snap-on continues to focus on product development and strategic actions to align with customer preferences and strengthen its market position.
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