Snap-on posts FY net earnings of USD 1,042.3 million, down 2.5%

Reuters
Feb 13
Snap-on posts FY net earnings of USD 1,042.3 million, down 2.5%

Snap-on Inc. reported net sales of USD 1,231.9 million for the fourth quarter (Q4) of 2025, representing an increase of 2.8%. The company's gross profit for the quarter was USD 605.5 million. Operating earnings for the Snap-on Tools Group totaled USD 107.3 million, with an operating margin of 21.2%. Net earnings attributable to shareholders for Q4 2025 were USD 260.7 million, accounting for 19.5% of the sum of net sales and financial services revenue. For the full year (FY) 2025, Snap-on Inc. reported net sales of USD 5,153.6 million. Net earnings attributable to shareholders for the year were USD 1,016.9 million, representing 19.7% of the sum of net sales and financial services revenue. Operating earnings for the year reached USD 1,045.9 million, while earnings before income taxes stood at USD 1,335.9 million. The company recorded an income tax expense of USD 293.6 million for the year. During the fourth quarter, Snap-on Inc. experienced a segment gross margin improvement of 1.5 percentage points, mainly due to a year-over-year shift in product mix and savings from RCI initiatives. However, segment operating expenses as a percentage of net sales rose by 1.4 percentage points, reflecting increased brand-building and other costs. The company also noted a low single-digit decline in U.S. sales, partially offset by a high single-digit gain in international operations for the period. Favorable foreign currency translation contributed USD 15.6 million to Q4 net sales.

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