Snap-On Inc. (NYSE:SNA) reported better-than-expected second-quarter 2025 results, surpassing both revenue and earnings consensus estimates.
Here's a breakdown of the report:
Snap-on CEO Nick Pinchuk noted that the sales growth in the U.S. Tools Group, along with “solid operating earnings performance,” was achieved despite the headwinds of “general uncertainty and trade turbulence.”
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Sales by segments:
Outlook 2025: Snap-on expects continued growth in 2025, expanding its professional customer base in automotive repair and adjacent markets, with projected capital expenditures of $100 million.
The company anticipates a full-year 2025 effective income tax rate between 22% and 23%.
Price Action: Snap-on shares are trading higher by 2.87% at $322 premarket at the last check on Thursday.
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