Slide 1: Quarterly Financial Review First Quarter 2026
Quarterly Financial Review First Quarter 2026 Q1-2026 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 April 23, 2026 conference call. The financial statement information included herein is unaudited. Statements made during the April 23, 2026 conference call and/or information included in this presentation may
Slide 4: Nick Pinchuk, Chairman and Chief Executive Officer
Nick Pinchuk Chairman and Chief Executive Officer Q1-2026 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 Q1-2026 Quarterly Review 5 © 2026 Snap-on Incorporated
Slide 6: Consolidated Results
Consolidated Results Q1 2026 Q1 2025 ($ in millions, except per share data - unaudited) $ % $ % Change Net sales $ 1,207.2 $ 1,141.1 5.8 % Organic sales 39.2 3.4 % Currency translation 26.9 2.4 % Gross profit $ 608.3 50.4 % $ 578.5 50.7 % Operating expenses 357.5 29.6 % 335.4 29.4 % Operating ea
Slide 7: Commercial & Industrial
Commercial & Industrial ($ in millions - unaudited) Q1 2026 Q1 2025 Change Segment sales $ 381.0 $ 343.9 10.8 % Organic sales 25.2 7.1 % Currency translation 11.9 3.7 % Gross profit $ 153.6 $ 146.5 % of sales 40.3 % 42.6 % Operating expenses $ 98.7 $ 93.3 % of sales 25.9 % 27.1 % Operating earni
Slide 8: Snap-on Tools
Snap-on Tools ($ in millions - unaudited) Q1 2026 Q1 2025 Change Segment sales $ 486.0 $ 462.9 5.0 % Organic sales 15.9 3.4 % Currency translation 7.2 1.6 % Gross profit $ 231.6 $ 214.5 % of sales 47.7 % 46.3 % Operating expenses $ 126.6 $ 122.1 % of sales 26.1 % 26.3 % Operating earnings $ 105.
Slide 9: Repair Systems & Information
Repair Systems & Information ($ in millions - unaudited) Q1 2026 Q1 2025 Change Segment sales $ 485.3 $ 475.9 2.0 % Organic sales 0.3 0.1 % Currency translation 9.1 1.9 % Gross profit $ 223.1 $ 217.5 % of sales 46.0 % 45.7 % Operating expenses $ 103.6 $ 95.4 % of sales 21.4 % 20.0 % Operating ea
Slide 10: Financial Services
Financial Services ($ in millions - unaudited) Q1 2026 Q1 2025 Change Segment revenue $ 101.1 $ 102.1 (1.0)% Operating earnings $ 68.0 $ 70.3 (3.3)% Originations $ 264.6 $ 268.7 (1.5)% Originations decreased $4.1 million or 1.5% Average yield on finance receivables was 17.6% in both periods Av
Slide 11: Financial Services Portfolio Data
Financial Services Portfolio Data United States International Extended Extended ($ in millions - unaudited) Credit Total Credit Total Gross finance portfolio $ 1,690.2 $ 2,127.0 $ 254.7 $ 357.6 Portfolio net losses (TTM) $ 68.0 $ 70.0 $ 4.9 $ 5.7 60+ Delinquency: As of 03/31/26 1.9 % 1.5 % 1.0 % 1.1
Slide 12: Cash Flows
Cash Flows First Quarter ($ in millions - unaudited) 2026 2025 Net cash provided by operating activities $ 368.7 $ 298.5 Net earnings 253.5 246.7 Depreciation and amortization 25.0 24.0 Changes in deferred income taxes 3.8 3.7 Changes in working investment 15.3 (17.9) Changes in accrued an
Slide 13: Balance Sheet
Balance Sheet April 4, January 3, ($ in millions - unaudited) 2026 2026 Trade & Other Accounts Receivable – net $ 890.7 $ 881.4 Days Sales Outstanding 67 67 Finance Receivables – net $ 1,871.5 $ 1,889.0 Contract Receivables – net $ 545.0 $ 553.1 Inventories – net $ 1,020.5 $ 1,025.2 Inventory turns