Form 8-K

8-K — Snap-on Inc

Accession: 0000091440-26-000169

Filed: 2026-10-22

Period: 2026-10-22

CIK: 0000091440

SIC: 3420 (CUTLERY, HANDTOOLS & GENERAL HARDWARE)

Item: Results of Operations and Financial Condition

Item: Financial Statements and Exhibits

Documents

8-K — sna-20261022.htm (Primary)

EX-99 (q32026pressreleaseforpress.htm)

XML — IDEA: XBRL DOCUMENT (R1.htm)

8-K

8-K (Primary)

Filename: sna-20261022.htm · Sequence: 1

sna-20261022

0000091440false00000914402026-10-222026-10-22

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): October 22, 2026

Snap-on Incorporated

(Exact name of registrant as specified in its charter)

Delaware 001-07724 39-0622040

(State or Other Jurisdiction

of Incorporation) (Commission

File Number) (IRS Employer

Identification No.)

2801 80th Street, Kenosha, Wisconsin 53143-5656

(Address of Principal Executive Offices, and Zip Code)

(262) 656-5200

(Registrant’s telephone number, including area code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communication pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communication pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communication pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class Trading Symbol(s) Name of each exchange on which registered

Common Stock, $1.00 par value SNA New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐

Item 2.02 Results of Operations and Financial Condition

On October 22, 2026, Snap-on Incorporated (the “Corporation”) issued a press release announcing results for its third quarter ended October 3, 2026. The text of the press release is furnished herewith as Exhibit 99 to this Current Report on Form 8-K.

The press release contains cautionary statements identifying important factors that could cause actual results of the Corporation to differ materially from those described in any forward-looking statement of the Corporation.

Item 9.01 Financial Statements and Exhibits (furnished pursuant to Item 2.02)

(d) Exhibits

99 Press Release of Snap-on Incorporated, dated October 22, 2026

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, Snap-on Incorporated has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

SNAP-ON INCORPORATED

Date: October 22, 2026

By: /s/ Aldo J. Pagliari

Aldo J. Pagliari, Principal Financial Officer,

Senior Vice President – Finance and

Chief Financial Officer

EX-99

Filename: q32026pressreleaseforpress.htm · Sequence: 2

Document

Exhibit 99

Snap-on Announces Third Quarter 2026 Results

Sales of $1,183.7 million and diluted EPS of $4.64 for the third quarter of 2026;

Mixed sales results reflect accelerated turbulence, but gross margins hold strong;

Activity with critical industries continues to expand

KENOSHA, Wis. — October 22, 2026 — Snap-on Incorporated (NYSE: SNA), a leading global innovator, manufacturer and marketer of tools, equipment, diagnostics, repair information and systems solutions for professional users performing critical tasks, today announced operating results for the third quarter of 2026.

•Net sales of $1,183.7 million in the third quarter of 2026 represented a decrease of $7.1 million, or 0.6%, from 2025 levels, reflecting a $33.1 million, or 2.8%, organic sales decline, partially offset by $25.6 million of acquisition-related sales and $0.4 million of favorable foreign currency translation.

•Operating earnings before financial services for the quarter of $248.1 million, or 21.0% of net sales, compared to $278.5 million, or 23.4% of net sales, last year, which included a benefit of $22.0 million, or 190 basis points, from the settlement of a legal matter (the “legal settlement”).

•Financial services revenue in the quarter of $98.6 million compared to $101.1 million in 2025; financial services operating earnings of $68.3 million compared to $68.9 million last year.

•Consolidated operating earnings for the quarter of $316.4 million, or 24.7% of revenues (net sales plus financial services revenue), compared to $347.4 million, or 26.9% of revenues, in 2025, which included a benefit of $22.0 million, or 170 basis points, from the legal settlement.

•The third quarter effective income tax rate was 22.3% in 2026 and 22.6% in 2025.

•Net earnings in the quarter of $243.0 million, or $4.64 per diluted share, compared to net earnings of $265.4 million, or $5.02 per diluted share, a year ago. In 2025, net earnings included a $16.2 million, or $0.31 per diluted share, after-tax benefit from the legal settlement.

See “Non-GAAP Measures” below for a definition of, and further explanation about, organic sales.

“Our third quarter was mixed with varied outcomes among our business groups. The results were principally marked by the unprecedentedly accelerated rise in diesel prices, which in our mobile van channel prompted franchisees to reduce inventories despite very stable demand from their technician customers, substantially impacting the Tools Group in the period and overcoming what was an encouraging, record-setting performance in the Commercial & Industrial Group, led by gains in the critical industries and the precision torque arena,” said Nick Pinchuk, Snap-on chairman and chief executive officer. “But even with the challenges raised by the extreme turbulence, Snap-on Value Creation continued to support a resilience that kept gross margins strong. The headwinds notwithstanding, we remained confident on the path forward, investing in innovations identified through customer connection and developed by our engineering teams to solve essential tasks…many of which recently received awards from Motor Magazine and Professional Tool & Equipment News…reinforcing the power of the Snap-on

- more -

- 2 -

brand…even as we engaged the difficulties. As we look ahead, we believe the Tools Group is well-positioned with its robust array of quick-payback products to drive progress as the wave passes; our proprietary databases are increasingly effective at streamlining work in independent vehicle repair shops, and we possess considerable momentum across the critical industries based on the growing popularity of our customized solutions. And, we believe these strengths will combine to reestablish and extend our positive trajectory. Finally, I want to thank our franchisees and associates for their many contributions, for their unwavering commitment to meet the macro environment, and for their steadfast faith in our ability to take full advantage of the abundant opportunities in our future.”

Segment Results

Commercial & Industrial Group segment sales of $404.3 million in the quarter compared to $367.7 million last year, reflecting a $27.0 million, or 7.4%, organic gain and $10.0 million of acquisition-related sales, partially offset by $0.4 million of unfavorable foreign currency translation. The organic increase includes higher sales in each of the segment’s operations.

Operating earnings of $74.7 million in the period compared to $57.5 million in 2025. The operating margin (operating earnings as a percentage of segment sales) of 18.5% compared to 15.6% last year.

Snap-on Tools Group segment sales of $471.5 million in the quarter compared to $506.0 million last year, reflecting a $35.7 million, or 7.0%, organic sales decline, partially offset by $1.2 million of favorable foreign currency translation. The organic decrease is due to lower sales both in the U.S. and in the segment’s international operations.

Operating earnings of $84.8 million in the period compared to $109.9 million in 2025. The operating margin of 18.0% compared to 21.7% a year ago.

Repair Systems & Information Group segment sales of $454.7 million in the quarter compared to $464.8 million in 2025, reflecting a $25.7 million, or 5.5%, organic decline, partially offset by $15.6 million of acquisition-related sales. The organic decrease is primarily due to reduced activity with OEM dealerships.

Operating earnings of $116.1 million in the period compared to $141.2 million in 2025, which included a benefit of $22.0 million from the legal settlement. The operating margin of 25.5% compared to 30.4% last year, which included a benefit of 480 basis points from the legal settlement.

Financial Services operating earnings of $68.3 million on revenue of $98.6 million in the quarter compared to operating earnings of $68.9 million on revenue of $101.1 million last year. Originations of $270.6 million in the third quarter represented a decrease of $3.5 million, or 1.3%, from 2025 levels.

Corporate expenses in the third quarter of $27.5 million compared to $30.1 million last year.

Outlook

We believe that our markets and our operations possess and have demonstrated continuing and considerable resilience against the uncertainties of the current environment. Snap-on expects to make ongoing progress along its decisive runways for coherent growth, leveraging capabilities already proven in the automotive repair arena, developing and expanding its professional customer base, not only in automotive repair, but in adjacent markets, additional geographies and other areas, including extending in critical industries, where the cost and penalties for failure are high. In pursuit of these initiatives, we

- more -

- 3 -

project that capital expenditures in 2026 will approximate $100 million, of which $69.0 million was incurred in the first nine months of the year.

Snap-on currently anticipates that its full-year 2026 effective income tax rate will approximate 22%.

Conference Call and Webcast on October 22, 2026, at 9:00 a.m. Central Time

A discussion of this release will be webcast on Thursday, October 22, 2026, at 9:00 a.m. Central Time, and a replay will be available for at least 10 days following the call. To access the webcast, visit https://www.snapon.com/EN/Investors/Investor-Events and click on the link to the call. The slide presentation accompanying the call can be accessed under the Downloads tab in the webcast viewer, as well as on the Snap-on website at https://www.snapon.com/EN/Investors/Financial-Information/Quarterly-Earnings.

Non-GAAP Measures

References in this release to “organic sales” refer to sales from continuing operations calculated in accordance with generally accepted accounting principles in the United States (“GAAP”), adjusted to exclude acquisition-related sales and the impact of foreign currency translation. Management evaluates the company’s sales performance based on organic sales growth, which primarily reflects growth from the company’s existing businesses as a result of increased output, expanded customer base, geographic expansion, new product development and pricing changes, and excludes sales contributions from acquired operations the company did not own as of the comparable prior-year reporting period. Organic sales also exclude the effects of foreign currency translation as foreign currency translation is subject to volatility that can obscure underlying business trends. Management believes that the non-GAAP financial measure of organic sales is meaningful to investors as it provides them with useful information to aid in identifying underlying growth trends in the company’s businesses and facilitates comparisons of its sales performance with prior periods.

About Snap-on

Snap-on Incorporated is a leading global innovator, manufacturer and marketer of tools, equipment, diagnostics, repair information and systems solutions for professional users performing critical tasks including those working in vehicle repair, aerospace, the military, natural resources, and manufacturing. From its founding in 1920, Snap-on has been recognized as the mark of the serious and the outward sign of the pride and dignity working men and women take in their professions. Products and services are sold through the company’s network of widely recognized franchisee vans, as well as through direct and distributor channels, under a variety of notable brands. The company also provides financing programs to facilitate the sales of its products and to support its franchise business. Snap-on, an S&P 500 company, generated sales of $4.7 billion in 2025, and is headquartered in Kenosha, Wisconsin.

Forward-looking Statements

Statements in this news release that are not historical facts, including statements that (i) are in the future tense; (ii) include the words “expects,” “anticipates,” “intends,” “approximates,” or similar words that reference Snap-on or its management; (iii) are specifically identified as forward-looking; or (iv) describe Snap-on’s or management’s future outlook, plans, estimates, objectives or goals, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Snap-on cautions the reader that this news release may contain statements, including earnings projections, that are forward-looking in nature and were developed by management in good faith and, accordingly, are subject to risks and uncertainties regarding Snap-on’s expected results that could cause (and in some cases have

- more -

- 4 -

caused) actual results to differ materially from those described or contemplated in any forward-looking statement. Factors that may cause the company’s actual results to differ materially from those contained in the forward-looking statements include those found in the company’s reports filed with the Securities and Exchange Commission, including the information under the “Safe Harbor” and “Risk Factors” headings in its Annual Report on Form 10-K for the fiscal year ended January 3, 2026, which are incorporated herein by reference. Snap-on disclaims any responsibility to update any forward-looking statement provided in this news release, except as required by law.

# # #

For additional information, please visit www.snapon.com or contact:

Investors: Media:

Sara Verbsky Samuel Bottum

262/656-4869 262/656-5793

SNAP-ON INCORPORATED

Condensed Consolidated Statements of Earnings

(Amounts in millions, except per share data)

(Unaudited)

Three Months Ended Nine Months Ended

October 3, September 27, October 3, September 27,

2026 2025 2026 2025

Net sales $ 1,183.7 $ 1,190.8 $ 3,626.0 $ 3,511.3

Cost of goods sold (580.1) (584.9) (1,778.9) (1,731.4)

Gross profit 603.6 605.9 1,847.1 1,779.9

Operating expenses (355.5) (327.4) (1,079.3) (999.2)

Operating earnings before financial services 248.1 278.5 767.8 780.7

Financial services revenue 98.6 101.1 299.4 304.9

Financial services expenses (30.3) (32.2) (95.6) (97.5)

Operating earnings from financial services 68.3 68.9 203.8 207.4

Operating earnings 316.4 347.4 971.6 988.1

Interest expense (12.5) (12.4) (37.2) (37.1)

Other income (expense) – net 15.4 14.3 47.3 43.0

Earnings before income taxes 319.3 349.3 981.7 994.0

Income tax expense (69.7) (77.5) (212.4) (218.7)

Net earnings 249.6 271.8 769.3 775.3

Net earnings attributable to noncontrolling interests (6.6) (6.4) (18.7) (19.1)

Net earnings attributable to Snap-on Incorporated $ 243.0 $ 265.4 $ 750.6 $ 756.2

Net earnings per share attributable to Snap-on Incorporated:

Basic $ 4.71 $ 5.09 $ 14.52 $ 14.49

Diluted 4.64 5.02 14.30 14.24

Weighted-average shares outstanding:

Basic 51.6 52.1 51.7 52.2

Effect of dilutive securities 0.8 0.8 0.8 0.9

Diluted 52.4 52.9 52.5 53.1

SNAP-ON INCORPORATED

Supplemental Segment Information

(Amounts in millions)

(Unaudited)

Three Months Ended Nine Months Ended

October 3, September 27, October 3, September 27,

2026 2025 2026 2025

Net sales:

Commercial & Industrial Group $ 404.3 $ 367.7 $ 1,181.1 $ 1,059.4

Snap-on Tools Group 471.5 506.0 1,466.3 1,459.9

Repair Systems & Information Group 454.7 464.8 1,420.3 1,409.3

Segment net sales 1,330.5 1,338.5 4,067.7 3,928.6

Intersegment eliminations (146.8) (147.7) (441.7) (417.3)

Total net sales 1,183.7 1,190.8 3,626.0 3,511.3

Financial Services revenue 98.6 101.1 299.4 304.9

Total revenues $ 1,282.3 $ 1,291.9 $ 3,925.4 $ 3,816.2

Operating earnings:

Commercial & Industrial Group $ 74.7 $ 57.5 $ 196.1 $ 157.6

Snap-on Tools Group 84.8 109.9 304.9 319.0

Repair Systems & Information Group 116.1 141.2 350.7 383.1

Financial Services 68.3 68.9 203.8 207.4

Segment operating earnings 343.9 377.5 1,055.5 1,067.1

Corporate (27.5) (30.1) (83.9) (79.0)

Operating earnings 316.4 347.4 971.6 988.1

Interest expense (12.5) (12.4) (37.2) (37.1)

Other income (expense) – net 15.4 14.3 47.3 43.0

Earnings before income taxes $ 319.3 $ 349.3 $ 981.7 $ 994.0

SNAP-ON INCORPORATED

Condensed Consolidated Balance Sheets

(Amounts in millions)

(Unaudited)

October 3, January 3,

2026 2026

Assets

Cash and cash equivalents $ 1,670.0 $ 1,624.5

Trade and other accounts receivable – net 922.1 881.4

Finance receivables – net 590.6 590.2

Contract receivables – net 128.7 130.0

Inventories – net 1,079.6 1,025.2

Prepaid expenses and other current assets 170.3 151.5

Total current assets 4,561.3 4,402.8

Property and equipment – net 563.7 552.3

Operating lease right-of-use assets 95.6 83.7

Deferred income tax assets 75.7 72.5

Long-term finance receivables – net 1,267.3 1,298.8

Long-term contract receivables – net 406.6 423.1

Goodwill 1,226.3 1,109.5

Other intangible assets – net 266.5 270.7

Pension assets 174.5 173.8

Other long-term assets 23.5 25.1

Total assets $ 8,661.0 $ 8,412.3

Liabilities and Equity

Notes payable and current maturities of long-term debt $ 317.9 $ 16.2

Accounts payable 264.3 229.1

Accrued benefits 52.5 64.7

Accrued compensation 82.2 77.2

Franchisee deposits 69.7 66.2

Other accrued liabilities 500.1 465.1

Total current liabilities 1,286.7 918.5

Long-term debt 887.2 1,186.4

Deferred income tax liabilities 106.3 87.0

Retiree health care benefits 16.1 17.7

Pension liabilities 74.3 85.7

Operating lease liabilities 71.7 61.8

Other long-term liabilities 98.8 98.4

Total liabilities 2,541.1 2,455.5

Equity

Shareholders' equity attributable to Snap-on Incorporated

Common stock 67.5 67.5

Additional paid-in capital 603.5 578.5

Retained earnings 8,507.5 8,137.5

Accumulated other comprehensive loss (380.2) (354.8)

Treasury stock at cost (2,703.4) (2,496.9)

Total shareholders' equity attributable to Snap-on Incorporated 6,094.9 5,931.8

Noncontrolling interests 25.0 25.0

Total equity 6,119.9 5,956.8

Total liabilities and equity $ 8,661.0 $ 8,412.3

SNAP-ON INCORPORATED

Condensed Consolidated Statements of Cash Flows

(Amounts in millions)

(Unaudited)

Three Months Ended

October 3, September 27,

2026 2025

Operating activities:

Net earnings $ 249.6 $ 271.8

Adjustments to reconcile net earnings to net cash provided (used) by operating activities:

Depreciation 20.4 19.1

Amortization of other intangible assets 5.3 5.7

Provisions for losses on finance receivables 15.2 17.8

Provisions for losses on non-finance receivables 7.9 5.6

Stock-based compensation expense 8.0 8.7

Deferred income tax provision (benefit) 7.1 (0.8)

Net gain on sales of assets (5.0) (0.1)

Changes in operating assets and liabilities, net of effects of acquisitions:

Trade and other accounts receivable 13.0 (88.3)

Contract receivables (4.1) (12.5)

Inventories (34.1) (26.4)

Prepaid expenses and other assets (0.2) 22.7

Accounts payable (3.1) 1.2

Accrued and other liabilities (32.3) 53.4

Net cash provided by operating activities 247.7 277.9

Investing activities:

Additions to finance receivables (212.3) (216.0)

Collections of finance receivables 212.0 214.7

Capital expenditures (24.7) (19.9)

Acquisitions of businesses, net of cash acquired 0.7 —

Disposals of property and equipment 5.8 0.3

Other 0.2 (0.1)

Net cash used by investing activities (18.3) (21.0)

Financing activities:

Net increase in other short-term borrowings 1.2 3.9

Cash dividends paid (126.1) (111.5)

Purchases of treasury stock (87.1) (82.0)

Proceeds from stock purchase plans and stock option exercises 14.0 14.8

Other (7.3) (6.1)

Net cash used by financing activities (205.3) (180.9)

Effect of exchange rate changes on cash and cash equivalents 1.2 (0.2)

Increase in cash and cash equivalents 25.3 75.8

Cash and cash equivalents at beginning of period 1,644.7 1,458.3

Cash and cash equivalents at end of period $ 1,670.0 $ 1,534.1

Supplemental cash flow disclosures:

Cash paid for interest $ (14.0) $ (13.8)

Net cash paid for income taxes (88.2) (57.5)

SNAP-ON INCORPORATED

Condensed Consolidated Statements of Cash Flows

(Amounts in millions)

(Unaudited)

Nine Months Ended

October 3, September 27,

2026 2025

Operating activities:

Net earnings $ 769.3 $ 775.3

Adjustments to reconcile net earnings to net cash provided (used) by operating activities:

Depreciation 60.3 55.9

Amortization of other intangible assets 15.3 17.3

Provisions for losses on finance receivables 50.8 54.3

Provisions for losses on non-finance receivables 21.8 15.3

Stock-based compensation expense 24.2 21.7

Deferred income tax provision (benefit) 13.9 (0.7)

Net gain on sales of assets (5.0) (0.1)

Changes in operating assets and liabilities, net of effects of acquisitions:

Trade and other accounts receivable (54.5) (100.4)

Contract receivables 14.8 (7.8)

Inventories (44.7) (44.8)

Prepaid expenses and other assets (7.8) 19.2

Accounts payable 28.9 3.8

Accrued and other liabilities 0.6 4.6

Net cash provided by operating activities 887.9 813.6

Investing activities:

Additions to finance receivables (668.3) (678.4)

Collections of finance receivables 647.1 642.5

Capital expenditures (69.0) (62.5)

Acquisitions of businesses, net of cash acquired (158.4) —

Disposals of property and equipment 6.6 0.9

Other — (1.5)

Net cash used by investing activities (242.0) (99.0)

Financing activities:

Net increase in other short-term borrowings 3.3 7.9

Cash dividends paid (379.3) (335.5)

Purchases of treasury stock (278.4) (248.2)

Proceeds from stock purchase plans and stock option exercises 81.1 60.0

Other (28.9) (29.6)

Net cash used by financing activities (602.2) (545.4)

Effect of exchange rate changes on cash and cash equivalents 1.8 4.4

Increase in cash and cash equivalents 45.5 173.6

Cash and cash equivalents at beginning of year 1,624.5 1,360.5

Cash and cash equivalents at end of period $ 1,670.0 $ 1,534.1

Supplemental cash flow disclosures:

Cash paid for interest $ (36.3) $ (35.9)

Net cash paid for income taxes (196.3) (212.5)

Non-GAAP Supplemental Data

The following non-GAAP supplemental data is presented for informational purposes to provide readers with insight into the information used by management for assessing the operating performance of Snap-on Incorporated's ("Snap-on") non-financial services ("Operations") and Financial Services businesses.

The supplemental Operations data reflects the results of operations and financial position of Snap-on's tools, diagnostics, equipment products, software, and other non-financial services operations with Financial Services presented on the equity method. The supplemental Financial Services data reflects the results of operations and financial position of Snap-on's U.S. and international financial services operations. The financing needs of Financial Services are met through intersegment borrowings and cash generated from Operations; Financial Services is charged interest expense on intersegment borrowings at market rates. Income taxes are charged to Financial Services on the basis of the specific tax attributes generated by the U.S. and international financial services businesses. Transactions between the Operations and Financial Services businesses are eliminated to arrive at the Condensed Consolidated Financial Statements.

SNAP-ON INCORPORATED

Non-GAAP Supplemental Consolidating Data - Supplemental Condensed Statements of Earnings

(Amounts in millions)

(Unaudited)

Operations* Financial Services

Three Months Ended Three Months Ended

October 3, September 27, October 3, September 27,

2026 2025 2026 2025

Net sales $ 1,183.7 $ 1,190.8 $ — $ —

Cost of goods sold (580.1) (584.9) — —

Gross profit 603.6 605.9 — —

Operating expenses (355.5) (327.4) — —

Operating earnings before financial services 248.1 278.5 — —

Financial services revenue — — 98.6 101.1

Financial services expenses — — (30.3) (32.2)

Operating earnings from financial services — — 68.3 68.9

Operating earnings 248.1 278.5 68.3 68.9

Interest expense (12.5) (12.4) — —

Intersegment interest income (expense) – net 16.8 16.7 (16.8) (16.7)

Other income (expense) – net 15.3 14.2 0.1 0.1

Earnings before income taxes and equity earnings 267.7 297.0 51.6 52.3

Income tax expense (56.8) (64.5) (12.9) (13.0)

Earnings before equity earnings 210.9 232.5 38.7 39.3

Financial services – net earnings attributable to Snap-on Incorporated 38.7 39.3 — —

Net earnings 249.6 271.8 38.7 39.3

Net earnings attributable to noncontrolling interests (6.6) (6.4) — —

Net earnings attributable to Snap-on Incorporated $ 243.0 $ 265.4 $ 38.7 $ 39.3

* Snap-on with Financial Services presented on the equity method.

SNAP-ON INCORPORATED

Non-GAAP Supplemental Consolidating Data - Supplemental Condensed Statements of Earnings

(Amounts in millions)

(Unaudited)

Operations* Financial Services

Nine Months Ended Nine Months Ended

October 3, September 27, October 3, September 27,

2026 2025 2026 2025

Net sales $ 3,626.0 $ 3,511.3 $ — $ —

Cost of goods sold (1,778.9) (1,731.4) — —

Gross profit 1,847.1 1,779.9 — —

Operating expenses (1,079.3) (999.2) — —

Operating earnings before financial services 767.8 780.7 — —

Financial services revenue — — 299.4 304.9

Financial services expenses — — (95.6) (97.5)

Operating earnings from financial services — — 203.8 207.4

Operating earnings 767.8 780.7 203.8 207.4

Interest expense (37.2) (37.1) — —

Intersegment interest income (expense) – net 50.9 51.1 (50.9) (51.1)

Other income (expense) – net 47.1 42.8 0.2 0.2

Earnings before income taxes and equity earnings 828.6 837.5 153.1 156.5

Income tax expense (174.1) (179.6) (38.3) (39.1)

Earnings before equity earnings 654.5 657.9 114.8 117.4

Financial services – net earnings attributable to Snap-on Incorporated 114.8 117.4 — —

Net earnings 769.3 775.3 114.8 117.4

Net earnings attributable to noncontrolling interests (18.7) (19.1) — —

Net earnings attributable to Snap-on Incorporated $ 750.6 $ 756.2 $ 114.8 $ 117.4

* Snap-on with Financial Services presented on the equity method.

SNAP-ON INCORPORATED

Non-GAAP Supplemental Consolidating Data - Supplemental Condensed Balance Sheets

(Amounts in millions)

(Unaudited)

Operations* Financial Services

October 3, January 3, October 3, January 3,

2026 2026 2026 2026

Assets

Cash and cash equivalents $ 1,669.6 $ 1,624.1 $ 0.4 $ 0.4

Intersegment receivables 17.3 20.3 — —

Trade and other accounts receivable – net 920.9 880.2 1.2 1.2

Finance receivables – net — — 590.6 590.2

Contract receivables – net 4.5 4.9 124.2 125.1

Inventories – net 1,079.6 1,025.2 — —

Prepaid expenses and other current assets 171.2 154.7 13.7 11.2

Total current assets 3,863.1 3,709.4 730.1 728.1

Property and equipment – net 561.0 549.8 2.7 2.5

Operating lease right-of-use assets 90.6 78.4 5.0 5.3

Investment in Financial Services 393.4 400.3 — —

Deferred income tax assets 48.2 45.4 27.5 27.1

Intersegment long-term notes receivable 779.7 815.0 — —

Long-term finance receivables – net — — 1,267.3 1,298.8

Long-term contract receivables – net 5.1 8.0 401.5 415.1

Goodwill 1,226.3 1,109.5 — —

Other intangible assets – net 266.5 270.7 — —

Pension assets 174.5 173.8 — —

Other long-term assets 42.9 44.1 0.4 0.3

Total assets $ 7,451.3 $ 7,204.4 $ 2,434.5 $ 2,477.2

Liabilities and Equity

Notes payable and current maturities of long-term debt $ 18.1 $ 16.2 $ 299.8 $ —

Accounts payable 263.5 227.6 0.8 1.5

Intersegment payables — — 17.3 20.3

Accrued benefits 52.4 64.6 0.1 0.1

Accrued compensation 79.8 74.2 2.4 3.0

Franchisee deposits 69.7 66.2 — —

Other accrued liabilities 487.6 455.1 27.1 24.4

Total current liabilities 971.1 903.9 347.5 49.3

Long-term debt and intersegment long-term debt — — 1,666.9 2,001.4

Deferred income tax liabilities 106.3 87.0 — —

Retiree health care benefits 16.1 17.7 — —

Pension liabilities 74.3 85.7 — —

Operating lease liabilities 66.4 56.3 5.3 5.5

Other long-term liabilities 97.2 97.0 21.4 20.7

Total liabilities 1,331.4 1,247.6 2,041.1 2,076.9

Total shareholders’ equity attributable to Snap-on Incorporated 6,094.9 5,931.8 393.4 400.3

Noncontrolling interests 25.0 25.0 — —

Total equity 6,119.9 5,956.8 393.4 400.3

Total liabilities and equity $ 7,451.3 $ 7,204.4 $ 2,434.5 $ 2,477.2

* Snap-on with Financial Services presented on the equity method.

XML — IDEA: XBRL DOCUMENT

XML

Filename: R1.htm · Sequence: 7

v3.26.3

Cover

Oct. 22, 2026

Cover [Abstract]

Document Type

8-K

Document Period End Date

Oct. 22, 2026

Entity Registrant Name

Snap-on Inc

Entity Incorporation, State or Country Code

Entity File Number

001-07724

Entity Tax Identification Number

39-0622040

Entity Address, Address Line One

2801 80th Street,

Entity Address, City or Town

Kenosha,

Entity Address, State or Province

Entity Address, Postal Zip Code

53143-5656

City Area Code

262

Local Phone Number

656-5200

Written Communications

false

Soliciting Material

false

Pre-commencement Tender Offer

false

Pre-commencement Issuer Tender Offer

false

Title of 12(b) Security

Common Stock, $1.00 par value

Trading Symbol

SNA

Security Exchange Name

NYSE

Entity Emerging Growth Company

false

Entity Central Index Key

0000091440

Amendment Flag

false

- Definition

Boolean flag that is true when the XBRL content amends previously-filed or accepted submission.

+ References

No definition available.

+ Details

Name:

dei_AmendmentFlag

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Area code of city

+ References

No definition available.

+ Details

Name:

dei_CityAreaCode

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Cover page.

+ References

No definition available.

+ Details

Name:

dei_CoverAbstract

Namespace Prefix:

dei_

Data Type:

xbrli:stringItemType

Balance Type:

Period Type:

duration

- Definition

For the EDGAR submission types of Form 8-K: the date of the report, the date of the earliest event reported; for the EDGAR submission types of Form N-1A: the filing date; for all other submission types: the end of the reporting or transition period. The format of the date is YYYY-MM-DD.

+ References

No definition available.

+ Details

Name:

dei_DocumentPeriodEndDate

Namespace Prefix:

dei_

Data Type:

xbrli:dateItemType

Balance Type:

Period Type:

duration

- Definition

The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word 'Other'.

+ References

No definition available.

+ Details

Name:

dei_DocumentType

Namespace Prefix:

dei_

Data Type:

dei:submissionTypeItemType

Balance Type:

Period Type:

duration

- Definition

Address Line 1 such as Attn, Building Name, Street Name

+ References

No definition available.

+ Details

Name:

dei_EntityAddressAddressLine1

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Name of the City or Town

+ References

No definition available.

+ Details

Name:

dei_EntityAddressCityOrTown

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Code for the postal or zip code

+ References

No definition available.

+ Details

Name:

dei_EntityAddressPostalZipCode

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Name of the state or province.

+ References

No definition available.

+ Details

Name:

dei_EntityAddressStateOrProvince

Namespace Prefix:

dei_

Data Type:

dei:stateOrProvinceItemType

Balance Type:

Period Type:

duration

- Definition

A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

+ Details

Name:

dei_EntityCentralIndexKey

Namespace Prefix:

dei_

Data Type:

dei:centralIndexKeyItemType

Balance Type:

Period Type:

duration

- Definition

Indicate if registrant meets the emerging growth company criteria.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

+ Details

Name:

dei_EntityEmergingGrowthCompany

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Commission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen.

+ References

No definition available.

+ Details

Name:

dei_EntityFileNumber

Namespace Prefix:

dei_

Data Type:

dei:fileNumberItemType

Balance Type:

Period Type:

duration

- Definition

Two-character EDGAR code representing the state or country of incorporation.

+ References

No definition available.

+ Details

Name:

dei_EntityIncorporationStateCountryCode

Namespace Prefix:

dei_

Data Type:

dei:edgarStateCountryItemType

Balance Type:

Period Type:

duration

- Definition

The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

+ Details

Name:

dei_EntityRegistrantName

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

The Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

+ Details

Name:

dei_EntityTaxIdentificationNumber

Namespace Prefix:

dei_

Data Type:

dei:employerIdItemType

Balance Type:

Period Type:

duration

- Definition

Local phone number for entity.

+ References

No definition available.

+ Details

Name:

dei_LocalPhoneNumber

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 13e

-Subsection 4c

+ Details

Name:

dei_PreCommencementIssuerTenderOffer

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 14d

-Subsection 2b

+ Details

Name:

dei_PreCommencementTenderOffer

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Title of a 12(b) registered security.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b

+ Details

Name:

dei_Security12bTitle

Namespace Prefix:

dei_

Data Type:

dei:securityTitleItemType

Balance Type:

Period Type:

duration

- Definition

Name of the Exchange on which a security is registered.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection d1-1

+ Details

Name:

dei_SecurityExchangeName

Namespace Prefix:

dei_

Data Type:

dei:edgarExchangeCodeItemType

Balance Type:

Period Type:

duration

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as soliciting material pursuant to Rule 14a-12 under the Exchange Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 14a

-Subsection 12

+ Details

Name:

dei_SolicitingMaterial

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Trading symbol of an instrument as listed on an exchange.

+ References

No definition available.

+ Details

Name:

dei_TradingSymbol

Namespace Prefix:

dei_

Data Type:

dei:tradingSymbolItemType

Balance Type:

Period Type:

duration

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as written communications pursuant to Rule 425 under the Securities Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Securities Act

-Number 230

-Section 425

+ Details

Name:

dei_WrittenCommunications

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration