Quarterly ResultApr 23, 2026, 06:37 AM
Snap-on Q1 2026 Sales Up 5.8% to $1,207.2M
AI Summary
Snap-on Incorporated announced its first quarter 2026 results, reporting net sales of $1,207.2 million, an increase of 5.8% from the prior year. Organic sales contributed a 3.4% gain, supplemented by $26.9 million from favorable foreign currency translation. The company's gross margin for the quarter was 50.4%, a slight decrease from 50.7% in Q1 2025, partially impacted by unfavorable currency effects. The Tools segment saw sales rise by 5.0%, with organic sales also up 3.4%.
Key Highlights
- Net sales for Q1 2026 were $1,207.2 million.
- Total sales increased by 5.8% from Q1 2025.
- Organic sales grew by 3.4% year-over-year.
- Gross margin was 50.4%, down from 50.7% in Q1 2025.
- Tools segment sales rose 5.0%, with organic sales up 3.4%.