Slide 1: Quarterly Financial Review Second Quarter 2025
Quarterly Financial Review Second Quarter 2025 Q2-2025 Quarterly Review © 2025 Snap-on Incorporated
Slide 2: Our Mission
OUR MISSION The most valued productivity solutions in the world BELIEFS VALUES VISION We deeply believe in: Our behaviors define our success: To be acknowledged as the: Non-negotiable Product and We demonstrate Integrity. Brands of Choice MSI 2) pact ; We tell the Truth. Employer of Choice Uncomprom
Slide 3: Cautionary Statement
Cautionary Statement These slides should be read in conjunction with comments from the July 17, 2025 conference call. The financial statement information included herein is unaudited. Statements made during the July 17, 2025 conference call and/or information included in this presentation may co
Slide 4: Nick Pinchuk, Chairman and Chief Executive Officer
Nick Pinchuk Chairman and Chief Executive Officer Q2-2025 Quarterly Review © 2025 Snap-on Incorporated
Slide 5: Aldo Pagliari, Senior Vice President and Chief Financial Officer
Aldo Pagliari Senior Vice President and Chief Financial Officer Q2-2025 Quarterly Review © 2025 Snap-on Incorporated
Slide 6: Consolidated Results
Consolidated Results Q2 2025 Q2 2024 ($ in millions, except per share data - unaudited) $ % $ % Change Net sales $ 1,179.4 $ 1,179.4 0.0 % Organic sales (8.6) (0.7)% Currency translation 8.6 0.7 % Gross profit $ 595.5 50.5 % $ 597.3 50.6 % Operating expenses 336.4 28.5 % 317.0 26.8 % Operating e
Slide 7: Commercial & Industrial
Commercial & Industrial ($ in millions - unaudited) Q2 2025 Q2 2024 Change Segment sales $ 347.8 $ 372.0 (6.5)% Organic sales (28.7) (7.6)% Currency translation 4.5 1.1 % Gross profit $ 139.2 $ 155.3 % of sales 40.0 % 41.7 % Operating expenses $ 92.3 $ 93.1 % of sales 26.5 % 25.0 % Operating ear
Slide 8: Snap-on Tools
Snap-on Tools ($ in millions - unaudited) Q2 2025 Q2 2024 Change Segment sales $ 491.0 $ 482.0 1.9 % Organic sales 7.8 1.6 % Currency translation 1.2 0.3 % Gross profit $ 237.2 $ 235.2 % of sales 48.3 % 48.8 % Operating expenses $ 120.5 $ 120.4 % of sales 24.5 % 25.0 % Operating earnings $ 116.7
Slide 9: Repair Systems & Information
Repair Systems & Information ($ in millions - unaudited) Q2 2025 Q2 2024 Change Segment sales $ 468.6 $ 454.8 3.0 % Organic sales 10.7 2.3 % Currency translation 3.1 0.7 % Gross profit $ 219.1 $ 206.8 % of sales 46.8 % 45.5 % Operating expenses $ 99.3 $ 93.2 % of sales 21.2 % 20.5 % Operating ea
Slide 10: Financial Services
Financial Services ($ in millions - unaudited) Q2 2025 Q2 2024 Change Segment revenue $ 101.7 $ 100.5 1.2 % Operating earnings $ 68.2 $ 70.2 (2.8)% Originations $ 293.0 $ 308.1 (4.9)% Originations decreased $15.1 million or 4.9% Average yields on finance receivables were 17.5% in 2025 and 17.7%
Slide 11: Financial Services Portfolio Data
Financial Services Portfolio Data United States International Extended Extended ($ in millions - unaudited) Credit Total Credit Total Gross finance portfolio $ 1,753.4 $ 2,185.0 $ 255.1 $ 355.8 Portfolio net losses (TTM) $ 64.6 $ 66.7 $ 4.9 $ 5.6 60+ Delinquency: As of 06/30/25 1.8 % 1.5 % 1.0 % 0.9
Slide 12: Cash Flows
Cash Flows 2nd Quarter June YTD ($ in millions - unaudited) 2025 2024 2025 2024 Net cash provided by operating activities $ 237.2 $ 301.1 $ 535.7 $ 649.8 Net earnings 256.8 277.6 503.5 547.2 Depreciation and amortization 24.4 24.6 48.4 49.1 Changes in deferred income taxes (3.6) (6.0) 0.1 (4.4
Slide 13: Balance Sheet
Balance Sheet June 28, December 28, ($ in millions - unaudited) 2025 2024 Trade & Other Accounts Receivable – net $ 842.4 $ 815.6 Days Sales Outstanding 65 62 Finance Receivables – net $ 1,934.5 $ 1,922.3 Contract Receivables – net $ 538.5 $ 538.3 Inventories – net $ 997.7 $ 943.4 Inventory turns –
Slide 14: Q2-2025 Quarterly Review
Q2-2025 Quarterly Review © 2025 Snap-on Incorporated