Snap-on Incorporated (NYSE:SNA) reported mixed first-quarter 2026 results on Thursday, with earnings missing expectations while revenue came in ahead of estimates. Shares were trading higher following the release.

Snap-on reported diluted EPS of $4.69, missing the analyst estimates of $4.77. Net earnings increased to $247.0 million from $240.5 million a year earlier.

Revenue and Margins

Net sales rose 5.8% year over year to $1.207 billion, beating estimates of $1.185 billion. Growth was driven by 3.4% organic gains and favorable currency.

Gross margin was 50.4%, down from 50.7%, including 40 basis points of unfavorable currency effects.

Operating earnings before financial services increased to $250.8 million from $243.1 million, though margin declined to 20.8% from 21.3%.

Consolidated operating earnings rose to $318.8 million from $313.4 million, with a margin at 24.4% versus 25.2% last year.

"Our first quarter was encouraging, led by robust sales growth with customers in critical industries and improved activity in the U.S. Tools Group, both demonstrating our considerable momentum despite the ongoing and ever-evolving turbulence," said Nick Pinchuk, Snap-on chairman and ...