Snap-on Q3 2026 sales fall 0.6% to $1,183.7M, diluted EPS $4.64 versus $5.02

Snap-on Inc

Net sales of $1,183.7 million declined 0.6% as organic sales fell 2.8% ($33.1M), partly offset by $25.6M of acquisition-related sales.
Net earnings were $243.0 million, or $4.64 per diluted share, down from $265.4 million, or $5.02, which included a $16.2M legal settlement benefit.
Tools Group sales dropped 7.0% organically to $471.5 million; operating margin fell to 18.0% from 21.7% as diesel price spikes cut franchisee inventories.
Commercial & Industrial sales rose 7.4% organically to $404.3 million with operating margin of 18.5%; Repair Systems sales fell 5.5% organically.
Snap-on projects 2026 capital expenditures near $100 million and a full-year effective tax rate of about 22%.

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