Slide 1: Quarterly Financial Review Second Quarter 2026
Quarterly Financial Review Second Quarter 2026 Q2-2026 Quarterly Review © 2026 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 23, 2026 conference call. The financial statement information included herein is unaudited. Statements made during the July 23, 2026 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 Q2-2026 Quarterly Review 4 © 2026 Snap-on Incorporated
Slide 5: Aldo Pagliari, Senior Vice President and Chief Financial Officer
Aldo Pagliari Senior Vice President and Chief Financial Officer Q2-2026 Quarterly Review 5 © 2026 Snap-on Incorporated
Slide 6: Consolidated Results
Consolidated Results Q2 2026 Q2 2025 ($ in millions, except per share data - unaudited) $ % $ % Change Net sales $ 1,235.1 $ 1,179.4 4.7 % Organic sales 35.5 3.0 % Acquisitions 11.5 1.0 % Currency translation 8.7 0.7 % Gross profit $ 635.2 51.4 % $ 595.5 50.5 % Operating expenses 366.3 29.6 %
Slide 7: Commercial & Industrial
Commercial & Industrial ($ in millions - unaudited) Q2 2026 Q2 2025 Change Segment sales $ 395.8 $ 347.8 13.8 % Organic sales 38.7 11.0 % Acquisition 6.8 2.0 % Currency translation 2.5 0.8 % Gross profit $ 168.8 $ 139.2 % of sales 42.6 % 40.0 % Operating expenses $ 102.3 $ 92.3 % of sales 25.8
Slide 8: Snap-on Tools
Snap-on Tools ($ in millions - unaudited) Q2 2026 Q2 2025 Change Segment sales $ 508.8 $ 491.0 3.6 % Organic sales 14.9 3.0 % Currency translation 2.9 0.6 % Gross profit $ 244.2 $ 237.2 % of sales 48.0 % 48.3 % Operating expenses $ 129.1 $ 120.5 % of sales 25.4 % 24.5 % Operating earnings $ 115.
Slide 9: Repair Systems & Information
Repair Systems & Information ($ in millions - unaudited) Q2 2026 Q2 2025 Change Segment sales $ 480.3 $ 468.6 2.5 % Organic sales 3.2 0.7 % Acquisition 4.7 1.0 % Currency translation 3.8 0.8 % Gross profit $ 222.2 $ 219.1 % of sales 46.3 % 46.8 % Operating expenses $ 107.1 $ 99.3 % of sales 22
Slide 10: Financial Services
Financial Services ($ in millions - unaudited) Q2 2026 Q2 2025 Change Segment revenue $ 99.7 $ 101.7 (2.0)% Operating earnings $ 67.5 $ 68.2 (1.0)% Originations $ 281.0 $ 293.0 (4.1)% Originations decreased $12.0 million or 4.1% Average yields on finance receivables were 17.6% in 2026 and 17.5%
Slide 11: Financial Services Portfolio Data
Financial Services Portfolio Data United States International Extended Extended ($ in millions - unaudited) Credit Total Credit Total Gross finance portfolio $ 1,690.8 $ 2,119.8 $ 254.9 $ 353.3 Portfolio net losses (TTM) $ 66.7 $ 68.9 $ 5.2 $ 6.0 60+ Delinquency: As of 06/30/26 1.7 % 1.4 % 1.1 % 1.1
Slide 12: Cash Flows
Cash Flows 2nd Quarter June YTD ($ in millions - unaudited) 2026 2025 2026 2025 Net cash provided by operating activities $ 271.5 $ 237.2 $ 640.2 $ 535.7 Net earnings 266.2 256.8 519.7 503.5 Depreciation and amortization 24.9 24.4 49.9 48.4 Changes in deferred income taxes 3.0 (3.6) 6.8 0.1
Slide 13: Balance Sheet
Balance Sheet July 4, January 3, ($ in millions - unaudited) 2026 2026 Trade & Other Accounts Receivable – net $ 942.2 $ 881.4 Days Sales Outstanding 70 67 Finance Receivables – net $ 1,871.6 $ 1,889.0 Contract Receivables – net $ 531.7 $ 553.1 Inventories – net $ 1,045.3 $ 1,025.2 Inventory turns –