Snap-on said net sales for Q1 2025 were $1,141.1 million, down 3.5%, with organic sales declining 2.3%. Net earnings attributable to Snap-on were $240.5 million, or $4.51 per diluted share, compared to $263.5 million, or $4.91 per share, in the prior-year quarter.

1. 01

   Snap-on said net sales for Q1 2025 were $1,141.1 million, down 3.5%, with organic sales declining 2.3%. Net earnings attributable to Snap-on were $240.5 million, or $4.51 per diluted share, compared to $263.5 million, or $4.91 per share, in the prior-year quarter.

2. 02

   The company said operating expenses of $325.8 million in Q1 2024 included a benefit of $11.3 million from payments received associated with a legal matter. Operating expenses in Q1 2025 were $335.4 million, and the operating expense ratio was 25.2% compared to 26.5% last year.

3. 03

   Snap-on said Snap-on Tools Group net sales for Q1 2025 were $462.9 million, down 7.4%, with an operating margin of 20.0% compared to 23.5% last year. The Repair Systems & Information Group had net sales of $475.9 million, up 2.6%, with an operating margin of 25.7% compared to 24.3% in the prior year.

4. 04

   The company said cash provided by operating activities for the first 3 months of 2025 was $298.5 million, compared to $348.7 million in the prior year. During the same period, it paid dividends of $112.2 million, repurchased 260,000 shares for $87.2 million, and as of March 29, 2025 had $398.4 million remaining under its share repurchase authorization.

Key figures

Quarter ended March 29, 2025

Revenue

$1.1B

Operating income

$313M

Net income

$241M

EPS

$4.51

Operating cash flow

$299M

Analysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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