Snap-On Q1 sales rise more than expected on critical industry demand

Snap-On

23/04/2026 11:41

Overview

U.S. tools maker's Q1 sales rose 5.8%, beating analyst expectations

Adjusted EPS for Q1 missed analyst expectations

Company cites robust sales in critical industries, but notes ongoing supply chain and market headwinds

Outlook

Snap-on projects 2026 capital expenditures to approximate $100 mln

Company anticipates 2026 full-year effective income tax rate between 22% and 23%

Snap-on expects ongoing progress in growth initiatives and expansion into critical industries

Result Drivers

CRITICAL INDUSTRY DEMAND - Co said improved activity with customers in critical industries and specialty torque business drove organic sales growth in Commercial & Industrial segment

TOOLS GROUP GROWTH - Higher sales in U.S. and international operations lifted Tools Group segment sales, with operating margin improvement

HEADWINDS PERSIST - Co cited ongoing uncertainty among U.S. technician customers and international supply chain disruptions as challenges

Company press release: ID:nBw6MlBFla

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Sales
Beat
$1.21 bln
$1.19 bln (9 Analysts)
Q1 EPS
Miss
$4.69
$4.75 (9 Analysts)
Q1 Net Income
$253.50 mln
Q1 Pretax Profit
Miss
$323.20 mln
$329.96 mln (7 Analysts)
Q1 Adjusted Operating Earnings
$250.80 mln
Q1 Gross Profit
$608.30 mln


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 4 "strong buy" or "buy", 5 "hold" and 2 "sell" or "strong sell"

The average consensus recommendation for the industrial machinery & equipment peer group is "buy."

Wall Street's median 12-month price target for Snap-On Inc is $393.75, about 3% above its April 22 closing price of $382.38

The stock recently traded at 19 times the next 12-month earnings vs. a P/E of 17 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)