Snap-On Misses Q1 2025 Estimates, Outlines 2025 Plans

Snap-On (NYSE:SNA) reported Q1 2025 earnings per share of $4.51, missing analyst estimates by $0.30, and revenue of $1.14 billion, below the $1.2 billion consensus. Profit and sales declined year-over-year, primarily due to weaker demand for larger, financed tools amid economic uncertainty, with organic sales and foreign currency translation further dampening results. Operating and free cash flow margins improved slightly compared to the prior year. Management plans to invest approximately $100 million in capital expenditures in 2025 to drive growth in automotive and related markets. Despite recent earnings misses and sluggish long-term revenue growth, Snap-On’s stock has outperformed the S&P 500 year-to-date, though it is still sensitive to broader industrial demand trends. The company projects a full-year 2025 effective income tax rate between 22% and 23%.