Snap-on reports higher Q2 sales and earnings, raises gross margin

Snap-on reported second-quarter 2026 sales of $1.235 billion for the period ended July 4, up 4.7% year over year, including 3.0% organic growth, while diluted EPS increased to $4.96 from $4.72 and gross margin improved to 51.4% from 50.5%. The company completed acquisitions of Hi-Force Hydraulic Tools and Diesel Laptops during the quarter, expects 2026 capital spending of about $100 million, and projects a full-year effective tax rate of approximately 22%; financial services revenue and originations declined from the prior year.