KENOSHA, Wis. — October 16, 2025 — Snap-on Incorporated (NYSE: SNA), a leading global innovator, manufacturer, and marketer of tools, equipment, diagnostics, repair information and systems solutions for professional users performing critical tasks, today announced operating results for the third quarter of 2025.

•Net sales of $1,190.8 million in the third quarter of 2025 represented an increase of $43.8 million, or 3.8%, from 2024 levels, reflecting a $34.8 million, or 3.0%, organic sales gain and $9.0 million of favorable foreign currency translation.

•Operating earnings before financial services for the quarter of $278.5 million, including a benefit of $22.0 million from the settlement of a legal matter (the “legal settlement”), compared to $252.4 million in 2024. As a percentage of net sales, operating earnings before financial services were 23.4% in the third quarter compared to 22.0% last year.

•Financial services revenue in the quarter of $101.1 million compared to $100.4 million in 2024; financial services operating earnings of $68.9 million compared to $71.7 million last year.

•Consolidated operating earnings for the quarter of $347.4 million, including a benefit of $22.0 million from the legal settlement, compared to $324.1 million in 2024. As a percentage of revenues (net sales plus financial services revenue), consolidated operating earnings were 26.9% in the third quarter compared to 26.0% last year.

•The third quarter effective income tax rate was 22.6% in 2025 and 22.9% in 2024.

•Net earnings in the quarter of $265.4 million, or $5.02 per diluted share, including a $16.2 million, or $0.31 per diluted share, after-tax benefit from the legal settlement, compared to net earnings of $251.1 million, or $4.70 per diluted share, a year ago.

See “Non-GAAP Measures” below for a definition of, and further explanation about, organic sales.

“Our third quarter was encouraging, as it demonstrates our continuing momentum in meeting and overcoming the considerable uncertainty and the unprecedented trade turbulence of these days, as evidenced by our overall sales growth, by our resilient gross margins, and by our ongoing level of strong profitability...all enabled by our distinct advantages in strategy...generally making in the markets where we sell...and in structure...utilizing the flexibility provided by our 15 factories in the U.S. and our 36 plants worldwide,” said Nick Pinchuk, Snap-on chairman and chief executive officer. “Despite the current volatility of this time, we believe our results show the diverse opportunities along our runways for growth in activities both within automotive repair and with customers outside the garage. In that regard, we’ve maintained our actions to match the current preference of vehicle technicians for quick payback items and to extend our profitable penetration of critical industries. During the period, we also drove robust expansion with owners and managers in both OEM dealerships and independent shops, fortified by substantial gains in our software portfolio. At the same time, we’re maintaining our decisive strengths by leveraging our Snap-on Value Creation Processes, in particular, customer connection and innovation...being in the shops...observing the work...using the insights gained to develop new solutions that make work easier. And, the effectiveness of that effort was again confirmed by our offerings being recognized for their special impact by Motor Magazine and Professional Tool & Equipment News. It’s that sustained power of processes and products that once more authored our positive quarter. As always, I want to thank our franchisees and associates worldwide for their notable contributions, for their steadfast dedication, and for their unwavering confidence in the significant potential of our future.”

Commercial & Industrial Group segment sales of $367.7 million in the quarter compared to $365.7 million last year, reflecting $4.8 million of favorable foreign currency translation, partially offset by a $2.8 million, or 0.8%, organic sales decline. The organic decrease is primarily due to reductions in the segment’s Asia Pacific business, partially offset by higher activity with customers in critical industries and in the specialty torque operation.

Operating earnings of $57.5 million in the period compared to $61.0 million in 2024. The operating margin (operating earnings as a percentage of segment sales) of 15.6% compared to 16.7% a year ago.

Snap-on Tools Group segment sales of $506.0 million in the quarter compared to $500.5 million last year, reflecting a $4.9 million, or 1.0%, organic sales increase and $0.6 million of favorable foreign currency translation. The organic gain is due to increased activity in the segment’s international operations and slightly higher sales in the U.S. business.

Operating earnings of $109.9 million in the period compared to $108.3 million in 2024. The operating margin of 21.7% compared to 21.6% last year.

Repair Systems & Information Group segment sales of $464.8 million in the quarter compared to $422.7 million in 2024, reflecting a $38.1 million, or 8.9%, organic sales increase and $4.0 million of favorable foreign currency translation. The organic gain includes higher activity with OEM dealerships and increased sales of diagnostic and repair information products to independent repair shop owners and managers, partially offset by lower volumes of undercar equipment.

Operating earnings of $141.2 million in the period, including a benefit of $22.0 million from the legal settlement, compared to $107.3 million in 2024. The operating margin of 30.4% compared to 25.4% a year ago.

Financial Services operating earnings of $68.9 million on revenue of $101.1 million in the quarter compared to operating earnings of $71.7 million on revenue of $100.4 million last year. Originations of $274.1 million in the third quarter represented a decrease of $13.9 million, or 4.8%, from 2024 levels.

Corporate expenses in the third quarter of $30.1 million compared to $24.2 million last year.

We believe that our markets and our operations possess and have demonstrated continuing and considerable resilience against the uncertainties of the current environment. Snap-on expects to make ongoing progress along its decisive runways for coherent growth, leveraging capabilities already proven in the automotive repair arena, developing and expanding its professional customer base, not only in automotive repair, but in adjacent markets, additional geographies and other areas, including extending in critical industries, where the cost and penalties for failure can be high. In pursuit of these initiatives, we project that capital expenditures in 2025 will approximate $100 million, of which $62.5 million was incurred in the first nine months of the year.

Snap-on currently anticipates that its full-year 2025 effective income tax rate will be in the range of 22% to 23%.

A discussion of this release will be webcast on Thursday, October 16, 2025, at 9:00 a.m. Central Time, and a replay will be available for at least 10 days following the call. To access the webcast, visit https://www.snapon.com/EN/Investors/Investor-Events and click on the link to the call. The slide presentation accompanying the call can be accessed under the Downloads tab in the webcast viewer, as well as on the Snap-on website at https://www.snapon.com/EN/Investors/Financial-Information/Quarterly-Earnings.

References in this release to “organic sales” refer to sales from continuing operations calculated in accordance with generally accepted accounting principles in the United States (“GAAP”), adjusted to exclude acquisition-related sales and the impact of foreign currency translation. Management evaluates the company’s sales performance based on organic sales growth, which primarily reflects growth from the company’s existing businesses as a result of increased output, expanded customer base, geographic expansion, new product development and pricing changes, and excludes sales contributions from acquired operations the company did not own as of the comparable prior-year reporting period. Organic sales also exclude the effects of foreign currency translation as foreign currency translation is subject to volatility that can obscure underlying business trends. Management believes that the non-GAAP financial measure of organic sales is meaningful to investors as it provides them with useful information to aid in identifying underlying growth trends in the company’s businesses and facilitates comparisons of its sales performance with prior periods.

Snap-on Incorporated is a leading global innovator, manufacturer, and marketer of tools, equipment, diagnostics, repair information and systems solutions for professional users performing critical tasks including those working in vehicle repair, aerospace, the military, natural resources, and manufacturing. From its founding in 1920, Snap-on has been recognized as the mark of the serious and the outward sign of the pride and dignity working men and women take in their professions. Products and services are sold through the company’s network of widely recognized franchisee vans, as well as through direct and distributor channels, under a variety of notable brands. The company also provides financing programs to facilitate the sales of its products and to support its franchise business. Snap-on, an S&P 500 company, generated sales of $4.7 billion in 2024, and is headquartered in Kenosha, Wisconsin.

For additional information, please visit www.snapon.com or contact:

Investors:                                Media:

Sara Verbsky                                Samuel Bottum

262/656-4869                                262/656-5793

The following non-GAAP supplemental data is presented for informational purposes to provide readers with insight into the information used by management for assessing the operating performance of Snap-on Incorporated's ("Snap-on") non-financial services ("Operations") and Financial Services businesses.

The supplemental Operations data reflects the results of operations and financial position of Snap-on's tools, diagnostics, equipment products, software, and other non-financial services operations with Financial Services presented on the equity method. The supplemental Financial Services data reflects the results of operations and financial position of Snap-on's U.S. and international financial services operations. The financing needs of Financial Services are met through intersegment borrowings and cash generated from Operations; Financial Services is charged interest expense on intersegment borrowings at market rates. Income taxes are charged to Financial Services on the basis of the specific tax attributes generated by the U.S. and international financial services businesses. Transactions between the Operations and Financial Services businesses are eliminated to arrive at the Condensed Consolidated Financial Statements.