Shares of Snap-on Incorporated (NYSE: SNA) surged 5.11% in pre-market trading on Thursday following the release of its second-quarter 2025 financial results. The tool and equipment manufacturer reported earnings that exceeded analyst expectations, demonstrating resilience in the face of market uncertainties.
Snap-on announced quarterly earnings of $4.72 per share, surpassing the analyst consensus estimate of $4.67 by 1.01%. While this represents a 3.87% decrease from the $4.91 per share reported in the same period last year, it still impressed investors. The company's quarterly sales reached $1.18 billion, beating the analyst consensus estimate of $1.16 billion by 1.95%.
The strong performance was attributed to steady demand from auto parts companies and repair shops, boosting sales of Snap-on's tool-making products. The company's net income for the quarter stood at $256.8 million, comfortably exceeding the estimated $249.1 million. Despite facing challenges such as global inflationary pressures and recent tariff uncertainties, Snap-on managed to maintain solid operating earnings and resilient gross margins.
Nick Pinchuk, Snap-on's Chairman and CEO, emphasized the company's focus on product development and strategic actions to align with customer preferences and strengthen its market position. As the automotive aftermarket continues to see heightened activity, with U.S. road travel above pre-pandemic levels and more Americans holding onto their existing vehicles, Snap-on appears well-positioned to capitalize on these trends.