Snap-on Q1 Earnings Miss, Revenue Beats Forecast

Snap-on posted Q1 2026 adjusted EPS $4.69, missing consensus $4.77 by $0.08.
Revenue rose 5.8% YoY to $1.21 billion, beating the $1.18 billion estimate, aided by $26.9 million FX gain.
Snap-on Tools Group sales $486 million (+5% YoY) with margin up 160 bps to 21.6%; Commercial & Industrial sales $381 million, margin down to 14.4%.
Company projects FY2026 capex around $100 million and expects an effective tax rate of 22‑23%.