Snap-on Inc reported first quarter ended April 4, 2026 results: revenue $1,207.2 million, net income $247.0 million, or $4.69 per diluted share, EPS $4.69 per diluted share.
“to differ materially from those described in any forward-looking statement of the Corporation. --- EX-99 (EX-99) --- Snap-on Announces First Quarter 2026 Results Sales of $1,207.2 million up 5.8% from Q1 2025, organic sales up 3.4%; Gross margin of 50.4%, including 40 basis points of unfavorable currency effects, compares to 50.7% last year; Tools segment sales up”
Shareholder Votes
Snap-on Inc shareholders approved Advisory vote to approve the compensation of the named executive officers at the 2024-04-25 meeting.
“The advisory vote to approve the compensation of the Company’s named executive officers, as disclosed in “Compensation Discussion and Analysis” and “Executive Compensation Information” in the 2024 Proxy Statement, received the following votes: Votes for approval: 39,699,132 Votes against: 2,961,442 Abstentions: 157,434 Broker non-votes: 4,476,056”
Shareholder Votes
Snap-on Inc shareholders approved Ratification of Audit Committee's selection of Deloitte & Touche LLP as independent registered public accounting firm for fiscal 2024 at the 2024-04-25 meeting.
“The proposal to ratify the Audit Committee’s selection of Deloitte as the Company’s independent registered public accounting firm for fiscal 2024 received the following votes: Votes for approval: 42,722,753 Votes against: 4,477,738 Abstentions: 93,572 Broker non-votes: 0”
Shareholder Votes
Snap-on Inc shareholders approved Election of 10 members to the Board of Directors at the 2024-04-25 meeting.
“Snap-on Incorporated (the “Company”) held its 2024 Annual Meeting of Shareholders on April 25, 2024 (the “2024 Annual Meeting”). At the 2024 Annual Meeting, the Company’s shareholders: (i) elected 10 members of the Company’s Board of Directors to each serve a one-year term ending at the Annual Meeting of Shareholders to be held in 2025 (the “2025 Annual Meeting”); (ii) ratified the Audit Committee’s selection of Deloitte & Touche LLP (“Deloitte”) as the Company’s independent registered public accounting firm for fiscal 2024; and (iii) approved, on an advisory basis, the compensation of the Company’s named executive officers, as disclosed in the proxy statement for the 2024 Annual Meeting (the “2024 Proxy Statement”).”
Earnings Releases
Snap-on Inc reported first quarter ended March 30, 2024 results: revenue $1,182.3 million, net income $263.5 million, EPS $4.91 per diluted share.
“Net sales of $1,182.3 million in the first quarter of 2024 represented a decrease of $0.7 million, or 0.1%, from 2023 levels, reflecting a $9.9 million, or 0.8%, organic sales decline, partially offset by $6.7 million of acquisition-related sales and $2.5 million of favorable foreign currency translation. • Operating earnings before financial services for the quarter of $270.9 million compared to $259.8 million in 2023. As a percentage of net sales, operating earnings before financial services were 22.9% in the first quarter compared to 22.0% last year. • Financial services revenue in the quarter of $99.6 million compared to $92.6 million in 2023; financial services operating earnings of $68.3 million compared to $66.3 million last year. • Consolidated operating earnings for the quarter of $339.2 million, or 26.5% of revenues (net sales plus financial services revenue), compared to $326.1 million, or 25.6% of revenues, last year. • The first quarter effective income tax rate was 22.2%”
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