Snap-on Incorporated reported diluted earnings per share (EPS) of $4.72 for the second quarter of 2025, a 6.9% decrease from $5.07 in Q2 2024. Consolidated net sales were $1,179.4 million, flat year-over-year, reflecting a 0.7% organic decline offset by favorable foreign currency translation.
The company's gross margin stood at 50.5%, a slight decrease of 10 basis points from Q2 2024, and operating earnings before financial services declined by 7.6% to $259.1 million. The consolidated operating earnings margin was 25.5%, compared to 27.4% in Q2 2024, which included a non-recurring legal benefit.
The Commercial & Industrial Group experienced a significant 7.6% organic sales decline, primarily due to decreases in Asia Pacific and European hand tool businesses, and a mid-single-digit decline in critical industries, despite a high single-digit rise in specialty torque. Its operating margin decreased to 13.5% from 16.7% a year ago.
Conversely, the Snap-on Tools Group showed positive momentum with a 1.6% organic sales gain, driven by a low single-digit rise in the U.S. network, and maintained a stable operating margin of 23.8%. The Repair Systems & Information Group achieved a 2.3% organic gain and improved its operating margin by 60 basis points to 25.6%, marking an increase for 12 of the last 13 quarters. Financial Services operating earnings decreased by 2.8% to $68.2 million, with loan originations down 4.9%.
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