Snap-on posts in-line quarterly net sales; Tools Group notes lower revenue

Snap-On

06/02/2025 13:30

Feb 6 (Reuters) - Tools and equipment maker Snap-on
 SNA.N  posts quarterly net sales in line with estimates on
Thursday, while its Tools Group segment showed weaker
performance, sending its shares down 3.2% before the bell.
    Snap-on's largest segment by revenue, Tools Group, which
provides mobile tools for vehicle service and repair
technicians, saw a 1.4% fall in quarterly net sales on lower
activity in the U.S. amid a recovering inflationary environment.
    "Still, we are encouraged by ongoing improvement in the U.S.
— albeit slower than we hoped for Q4. — given the ongoing pivot
to selling more lower priced products into the Tools network,"
Roth Capital Partners' analysts said in a note.
    The company's fourth-quarter net sales rose 0.2% to $1.199
billion, compared with analysts' estimates of $1.197 billion,
according to data compiled by LSEG.
    The Kenosha, Wisconsin-based company's quarterly profit rose
to $264.2 million or $4.82 per share, from $261.3 million or
$4.75 per share a year ago.

 (Reporting by Aatreyee Dasgupta in Bengaluru; Editing by Vijay
Kishore)
 ((Aatreyee.Dasgupta@thomsonreuters.com;))