Slide 1: Quarterly Financial Review Third Quarter 2025
Quarterly Financial Review Third Quarter 2025 Q3-2025 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 Workpl fe SUGEES SAY We tell the Truth. Employer of Choice Ad
Slide 3: Cautionary Statement
Cautionary Statement ▪ These slides should be read in conjunction with comments from the October 16, 2025 conference call. The financial statement information included herein is unaudited. ▪ Statements made during the October 16, 2025 conference call and/or information included in this presentation
Slide 4: Nick Pinchuk, Chairman and Chief Executive Officer
Nick Pinchuk Chairman and Chief Executive Officer Q3-2025 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 Q3-2025 Quarterly Review © 2025 Snap-on Incorporated
Slide 6: Consolidated Results
Consolidated Results Q3 2025 Q3 2024 ($ in millions, except per share data - unaudited) $ % $ % Change Net sales $ 1,190.8 $ 1,147.0 3.8 % ➢ Organic sales 34.8 3.0 % ➢ Currency translation 9.0 0.8 % Gross profit $ 605.9 50.9 % $ 587.8 51.2 % Operating expenses 327.4 27.5 % 335.4 29.2 % Operating ear
Slide 7: Commercial & Industrial
Commercial & Industrial ($ in millions - unaudited) Q3 2025 Q3 2024 Change Segment sales $ 367.7 $ 365.7 0.5 % ➢ Organic sales (2.8) (0.8)% ➢ Currency translation 4.8 1.3 % Gross profit $ 150.5 $ 150.8 % of sales 40.9 % 41.2 % Operating expenses $ 93.0 $ 89.8 % of sales 25.3 % 24.5 % Operating earni
Slide 8: Snap-on Tools
Snap-on Tools ($ in millions - unaudited) Q3 2025 Q3 2024 Change Segment sales $ 506.0 $ 500.5 1.1 % ➢ Organic sales 4.9 1.0 % ➢ Currency translation 0.6 0.1 % Gross profit $ 236.8 $ 236.5 % of sales 46.8 % 47.3 % Operating expenses $ 126.9 $ 128.2 % of sales 25.1 % 25.7 % Operating earnings $ 109.9
Slide 9: Repair Systems & Information
Repair Systems & Information ($ in millions - unaudited) Q3 2025 Q3 2024 Change Segment sales $ 464.8 $ 422.7 10.0 % ➢ Organic sales 38.1 8.9 % ➢ Currency translation 4.0 1.1 % Gross profit $ 218.6 $ 200.5 % of sales 47.0 % 47.4 % Operating expenses $ 77.4 $ 93.2 % of sales 16.6 % 22.0 % Operating e
Slide 10: Financial Services
Financial Services ($ in millions - unaudited) Q3 2025 Q3 2024 Change Segment revenue $ 101.1 $ 100.4 0.7 % Operating earnings $ 68.9 $ 71.7 (3.9)% Originations $ 274.1 $ 288.0 (4.8)% ▪ Originations decreased $13.9 million or 4.8% ▪ Average yield on finance receivables was 17.7% in both periods ▪ Av
Slide 11: Financial Services Portfolio Data
Financial Services Portfolio Data United States International Extended Extended ($ in millions - unaudited) Credit Total Credit Total Gross finance portfolio $ 1,733.7 $ 2,174.5 $ 257.3 $ 359.9 Portfolio net losses (TTM) $ 66.5 $ 68.4 $ 4.9 $ 5.7 60+ Delinquency: As of 09/30/25 2.0 % 1.7 % 1.0 % 0.9
Slide 12: Cash Flows
Cash Flows 3rd Quarter September YTD ($ in millions - unaudited) 2025 2024 2025 2024 Net cash provided by operating activities $ 277.9 $ 274.2 $ 813.6 $ 924.0 ➢ Net earnings 271.8 257.5 775.3 804.7 ➢ Depreciation and amortization 24.8 24.6 73.2 73.7 ➢ Changes in deferred income taxes (0.8) (2.8) (0.
Slide 13: Balance Sheet
Balance Sheet September 27, December 28, ($ in millions - unaudited) 2025 2024 Trade & Other Accounts Receivable – net $ 925.7 $ 815.6 Days Sales Outstanding 71 62 Finance Receivables – net $ 1,916.6 $ 1,922.3 Contract Receivables – net $ 549.5 $ 538.3 Inventories – net $ 1,024.5 $ 943.4 Inventory t
Slide 14: Q3-2025 Quarterly Review
Q3-2025 Quarterly Review © 2025 Snap-on Incorporated