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Snap-on Announces Q2 2025 Financial Results
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2025-07-31
The company reported stable net sales of US$1.179 billion, matching the previous year’s figures. However, operating earnings before financial services declined to US$259.1 million, representing 22.0% of net sales, down from 23.8% last year. Diluted earnings per share fell to US$4.72 from US$5.07 in Q2 2024.
Sales growth was mixed across business segments. The Tools Group and Repair Systems & Information Group saw sales increases of 1.9% and 2.3% respectively, driven mainly by the U.S. market. Conversely, the Commercial & Industrial Group experienced a 7.6% sales decline due to weaker activity in Asia Pacific and Europe.
Snap-on’s CEO Nick Pinchuk remains optimistic, highlighting the company’s focus on product innovation, strengthening dealer networks, and strategic investments to drive future growth despite market challenges.
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