Snap-on Profit Picks up with Higher Sales

Dow Jones07-23

Snap-On logged a bigger profit in the second quarter as growth on the top line outpaced its costs.

The maker of high-end tools and equipment posted a profit of $260.6 million, or $4.96 a share, compared with $250.3 million, or $4.72 a share, in the same quarter a year earlier.

The per-share earnings total beat analyst projections by a penny, according to FactSet.

Revenue rose 4.1% to $1.33 billion, ahead of analyst projections for $1.22 billion.

Net sales were up 4.7% at $1.24 billion, with a 3% organic jump, another $11.5 million in sales tied to an acquisition and some favorable foreign currency translation. The company's financial services unit, Snap-on Credit, recorded a small decline in revenue.

Write to Dean Seal at dean.seal@wsj.com

(END) Dow Jones Newswires

July 23, 2026 06:50 ET (10:50 GMT)

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The company's financial services unit, Snap-on Credit, recorded a small decline in revenue. \n\n\n \n\n\n  Write to Dean Seal at dean.seal@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  July 23, 2026 06:50 ET (10:50 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"1","news_tag":"dataReport","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":true,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"isLaohu8Offline":false,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.47.1","shortVersion":"4.47.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2653741560","isCrawlerRequest":true}