Snap-on Falls Premarket After 3Q EPS, Sales Miss Wall Street Targets

Dow Jones10-22

Shares of tool maker Snap-On fell premarket after it posted third-quarter earnings and sales short of Wall Street expectations.

Shares fell almost 10% to $333 in premarket trading Thursday.

The Kenosha, Wis., maker of premium tools such as the Flank Drive wrench said profit was $243 million, or $4.64 a share, for the quarter ended Oct. 3, down from $265.4 million, or $5.02 a share, a year earlier. Earnings per share were far short of the average analyst target of $4.93, as per FactSet.

Third-quarter sales fell slightly to $1.18 billion, also well shy of the mean Wall Street target of $1.24 billion.

Snap-On and its markets have demonstrated resilience in the face of economic uncertainties, the company said, in a statement. Snap-on plans to continue expanding beyond its core automotive-repair customers to adjacent markets and other geographical areas.

For 2026, Snap-On forecast capital expenditures of $100 million, including $69 million spent in the first nine months of the year.

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