The earnings call highlights some strong areas such as the RSNI division and the positive impact of AI on database efficiency. However, the overall sentiment is overshadowed by significant challenges including a decline in organic sales, decreased tool storage demand, and external disruptions like weather and tariffs affecting technician confidence and consumer sentiment.
Company Guidance
During the call, Snap-on provided guidance indicating a challenging first fiscal quarter for 2025, with organic sales down 6.8%. Despite this, the RS&I division showed strength, achieving an organic sales growth rate of approximately 4% when adjusted for intercompany declines. The division's profitability increased, with software playing a significant role, contributing to a 140 basis point improvement in margins to 25.7%. The Tools Group faced headwinds, particularly in tool storage, which saw an 11.7% decline in originations. Hand tools remained stable, but diagnostics sales, particularly lower-end models like the Solus, performed well. The company observed a 3.3% decline in technician hours worked, attributing it to reduced elective maintenance services. Despite uncertainties, particularly around tariffs, Snap-on expressed confidence in its pivot strategy toward lower-priced items, emphasizing ongoing product development and promotional efforts.
Strong Performance in RSNI Division
RSNI organic sales rate was about 3.7%, and when excluding intercompany declines, it was in the 4% range. The software within RSNI saw a significant increase and the division had a strong quarter with profitability up nicely by 140 basis points to 25.7%.
Positive Impact of AI on Database Efficiency
AI and natural language processing have improved the efficacy of translating technician repairs into the database, enhancing the effectiveness of databases.
Advantageous Manufacturing Capacity
The expansion of manufacturing capacity, particularly in tool storage and lockers, positions the company well against tariffs, with reduced backlog issues.
Snap-on (SNA) Earnings, Revenues Date & History
The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
SNA Earnings-Related Price Changes
Report Date
Price 1 Day Before
Price 1 Day After
Percentage Change
Apr 17, 2025
$329.86
$303.47
-8.00%
Feb 06, 2025
$351.55
$335.50
-4.57%
Oct 17, 2024
$292.51
$321.67
+9.97%
Jul 18, 2024
$268.76
$263.70
-1.88%
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Snap-on (SNA) report earnings?
Snap-on (SNA) is schdueled to report earning on Jul 17, 2025, TBA Not Confirmed.
What is Snap-on (SNA) earnings time?
Snap-on (SNA) earnings time is at Jul 17, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.