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# Snap-on Incorporated (SNA) — Recent Events ## Filings that contain financial statements Snap-on furnishes each quarterly earnings press release (Exhibit 99 to a Form 8-K, Item 2.02) with condensed consolidated statements of earnings, supplemental segment information, condensed consolidated balance sheets, and cash flow statements, plus supplemental consolidating data that separates Financial Services. - Form 8-K filed July 23, 2026, accession 0000091440-26-000141: second quarter and six months ended July 4, 2026. Statements of earnings (three and six months), segment information, balance sheet at July 4, 2026 versus January 3, 2026, cash flow statements (three and six months), and consolidating data. - Form 8-K filed April 23, 2026, accession 0000091440-26-000106: first quarter ended April 4, 2026 (earnings, segments, balance sheet, cash flows, consolidating data). - Form 8-K filed February 5, 2026, accession 0000091440-26-000008: fourth quarter and full year ended January 3, 2026 (earnings, segments, balance sheet, cash flows, consolidating data). ## Earnings and outlook - **July 23, 2026 (0000091440-26-000141), second quarter 2026.** Net sales were $1,235.1 million, up 4.7% from $1,179.4 million a year earlier. Net earnings attributable to Snap-on were $260.6 million, or $4.96 per diluted share, versus $250.3 million, or $4.72. - **Outlook in the Q2 release.** Capital expenditures for 2026 are projected at about $100 million, of which $44.3 million was spent in the first six months. The full-year 2026 effective tax rate is expected to be about 22%, narrowed from the 22% to 23% range given in February and April. The release gives no sales or earnings guidance. - **April 23, 2026 (0000091440-26-000106), first quarter 2026.** Net sales were $1,207.2 million, up 5.8% (organic up 3.4%). Gross margin was 50.4% versus 50.7%. Net earnings were $247.0 million, or $4.69 per diluted share, versus $240.5 million, or $4.51. - **February 5, 2026 (0000091440-26-000008), fourth quarter and full year 2025.** Fourth-quarter net sales were $1,231.9 million (up 2.8%, organic up 1.4%) and diluted EPS was $4.94 versus $4.82. Full-year 2025 net sales were $4,743.2 million, up 0.8%, and diluted EPS was $19.19 versus $19.51; the full-year figure included a $0.31 per diluted share after-tax benefit from a legal settlement. The release set 2026 capital expenditures at about $100 million and the 2026 effective tax rate at 22% to 23%. - Earlier quarterly results in the period: third quarter 2025 (8-K October 16, 2025, 0000091440-25-000078), second quarter 2025 (July 17, 2025, 0000091440-25-000061), and first quarter 2025 (April 17, 2025, 0000091440-25-000028). Fourth quarter 2024 results were filed February 6, 2025 (0000091440-25-000005). ## Acquisitions (closed) All three deals below are described as completed. None was announced in a separate 8-K, so they appear only in the Q2 earnings release and the quarterly report on Form 10-Q for the period ended July 4, 2026 (filed July 23, 2026, accession 0000091440-26-000144). - **Diesel Laptops, LLC, closed June 8, 2026.** Preliminary cash purchase price of $99.7 million ($99.1 million net of cash acquired), subject to a working capital adjustment expected to be finalized in the third quarter of 2026. The Irmo, South Carolina company provides diagnostics, repair information and digital solutions for commercial trucks and off-highway vehicles. It is reported in Repair Systems & Information, with $97.0 million of preliminary goodwill. - **Hi-Force Group Holdings Ltd., closed April 30, 2026.** Preliminary cash purchase price of $58.0 million ($54.9 million net of cash acquired), subject to the same third-quarter working capital adjustment. The Daventry, United Kingdom company makes high-pressure hydraulic tools, heavy lifting systems, and torque and tensioning equipment. It is reported in Commercial & Industrial, with $37.7 million of preliminary goodwill. - **Car-O-Liner Australia Pty Ltd assets, closed February 3, 2026.** Cash purchase price of $5.1 million for the assets of a former independent distributor of vehicle collision equipment. It is also reported in Commercial & Industrial. - Together these accounted for $159.1 million of acquisition cash outflow in the first six months of 2026 (net of cash acquired). The company says pro forma information was not presented because the net effects were not significant. ## Capital structure - Dividends declared per share were $2.44 in the second quarter of 2026 versus $2.14 a year earlier ($4.88 versus $4.28 for six months), per the 10-Q (0000091440-26-000144). - Share repurchases in the first six months of 2026 were 508,000 shares for $191.3 million (241,000 shares for $91.4 million in the second quarter), per the 10-Q. - The $300 million of 3.25% unsecured notes due 2027 are now classified as a current maturity; at July 4, 2026, current debt was $317.0 million versus $16.2 million at January 3, 2026 (10-Q and Q2 release). No new debt issuance appears in the 8-Ks reviewed. - On April 30, 2026, the Board authorized repurchases of up to $500 million of common stock (the 2026 Authorization), replacing the August 8, 2024 $500 million authorization (about $234 million remained under it at the end of the first quarter of 2026). About $485.5 million could still be repurchased under outstanding Board authorizations at July 4, 2026, per the 10-Q (0000091440-26-000144, Part II Item 2). No 8-K reports this authorization. ## Governance - **April 30, 2026 annual meeting (8-K filed May 1, 2026, 0000091440-26-000114).** Shareholders elected all 10 directors, ratified Deloitte & Touche LLP as auditor for fiscal 2026, and approved executive compensation on an advisory basis. Similar results were reported for the 2025 meeting (8-K 0000091440-25-000033) and the 2024 meeting (8-K 0000091440-24-000033). - **February 2024 (0000091440-24-000009).** Anup R. Banerjee, Senior Vice President – Human Resources and Chief Development Officer, gave notice on February 15, 2024 of his retirement effective March 31, 2024. ## Not reflected in the 8-K filings No 8-K reports a merger signing, restructuring, impairment, debt issuance, or guidance beyond capital expenditures and the tax rate during the period reviewed.