Tools maker Snap-On Q3 sales up 3.8%, beat estimates

Snap-On

16/10/2025 11:38

Overview

Snap-On Q3 sales rise 3.8% to $1.19 bln, beating analyst expectations

Diluted EPS of $5.02 beats estimates, includes $0.31 benefit from legal settlement

Pretax profit beats estimates, reflecting strong operational performance

Outlook

Snap-on expects 2025 capital expenditures to be around $100 mln

Company anticipates 2025 effective income tax rate between 22% and 23%

Snap-on sees resilience against current market uncertainties

Result Drivers

ORGANIC SALES GROWTH - Snap-On reports 3.0% organic sales growth, contributing to overall revenue increase

REPAIR SYSTEMS & INFORMATION GROUP - Segment sales rose 8.9% organically due to higher activity with OEM dealerships and independent repair shops

COMMERCIAL & INDUSTRIAL GROUP - Segment faced 0.8% organic sales decline due to reductions in Asia Pacific business

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Sales
Beat
$1.19 bln
$1.15 bln (8 Analysts)
Q3 EPS
Beat
$5.02
$4.63 (8 Analysts)
Q3 Net Income
$271.80 mln
Q3 Pretax Profit
Beat
$349.30 mln
$326.03 mln (6 Analysts)
Q3 Adjusted Operating Earnings
$278.50 mln
Q3 Gross Profit
$605.90 mln


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 4 "strong buy" or "buy", 6 "hold" and 1 "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 $352.50, about 5.6% above its October 15 closing price of $332.59

The stock recently traded at 17 times the next 12-month earnings vs. a P/E of 16 three months ago

Press Release: ID:nBw9YclBca

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