Snap-on reports 5.8% revenue increase in Q1 2026

Snap-on Incorporated (NYSE:SNA), a global leader in high-end tools and diagnostic equipment, reported solid growth for the first quarter of 2026, driven by resilient demand in its professional tool segments.

The Kenosha, Wisconsin-based manufacturer achieved net sales of $1,207.2 million, up $66.1 million or 5.8% from the first quarter of 2025.

This growth was fueled by a 3.4% organic sales gain and $26.9 million in favorable foreign currency translation.

Profitability remained steady as the company navigated currency headwinds and shifting operational costs.

Net earnings for the quarter reached $247 million, or $4.69 per diluted share, compared to $240.5 million, or $4.51 per diluted share, in the prior-year period.

The effective tax rate for the quarter saw a marginal improvement, landing at 22% compared to 22.2% last year.

Operating earnings before financial services totaled $250.8 million, representing an operating margin of 20.8%.

This margin reflects a 50-basis-point decline from the 21.3% reported in 2025, which includes 40 basis points of unfavorable foreign currency effects.

Consolidated operating earnings, which include the company’s financial services segment, were $318.8 million, or 24.4% of total revenues.

The financial services division remained a consistent contributor, though it saw a minor contraction.

Revenue for the segment reached $101.1 million, compared to $102.1 million in 2025, while operating earnings for the unit were $68 million.

Despite the slight dip, the division continues to provide critical support for professional users performing essential repair and diagnostic tasks globally.