On October 22, 2026, Snap-on Incorporated issued a press release detailing its financial results for the third quarter ended October 3, 2026. The company reported net sales of $1,183.7 million for the quarter, representing a decrease of $7.1 million, or 0.6%, compared to the same period in 2025. The decline was attributed to a $33.1 million, or 2.8%, organic sales decrease, which was partially offset by $25.6 million in acquisition-related sales and $0.4 million in favorable foreign currency translation.
Consolidated operating earnings for the quarter totaled $316.4 million, or 24.7% of total revenues, down from $347.4 million, or 26.9% of revenues, in 2025. Net earnings for the third quarter of 2026 were $243.0 million, or $4.64 per diluted share, compared to $265.4 million, or $5.02 per diluted share, a year ago. The company noted that the prior year's results included a $22.0 million benefit from the settlement of a legal matter.
Management highlighted mixed results across its business groups. The Commercial & Industrial Group saw sales rise to $404.3 million, a 7.4% organic increase, while the Snap-on Tools Group reported sales of $471.5 million, a 7.0% organic decline. The Repair Systems & Information Group also experienced a 5.5% organic sales decline. Snap-on stated that the challenges in the Tools Group were driven by increased diesel prices, which prompted franchisees to reduce inventories despite stable demand.
Looking ahead, Snap-on projects capital expenditures for 2026 to approximate $100 million. The company anticipates its full-year 2026 effective income tax rate will be approximately 22%.
