Snap-on SNA Q1 2026 Earnings Call Transcript

Motley Fool Transcribing, The Motley Fool

Thu, April 23, 2026 astatine 11:00 AM CDT 47 min read

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Thursday, April 23, 2026 astatine 10 a.m. ET

• Chairman & Chief Executive Officer — Nick Pinchuk

• Senior Vice President & Chief Financial Officer — Aldo Pagliari

• Vice President, Investor Relations — Sara Verbsky

Nick volition footwear disconnected our telephone this greeting with his position connected our performance; Aldo volition past supply a much elaborate reappraisal of our fiscal results. After Nick provides immoderate closing thoughts, we volition instrumentality your questions. As usual, we provided slides to supplement our discussion. These slides tin beryllium accessed nether the Downloads tab successful the web spectator arsenic good arsenic connected our website snapon.com nether the Investors section. The slides volition beryllium archived connected our website on with the transcript of today's call.

Any statements made during this telephone comparative to management's expectations, estimates, oregon beliefs, oregon that different sermon management's oregon the company's outlook, plans, oregon projections are forward-looking statements and whitethorn disagree materially from those made successful specified statements. Additional accusation and the factors that could origin our results to disagree materially from those successful our forward-looking statements are contained successful our SEC filings. Finally, this presumption includes non-GAAP measures of fiscal show which are not meant to beryllium considered successful isolation oregon arsenic a substitute for their GAAP counterparts. Additional accusation regarding these measures is included successful our net merchandise issued today, which tin beryllium recovered connected our website.

With that said, I would present similar to crook the telephone implicit to Nick Pinchuk. Nick?

Nick Pinchuk: Thanks, Sara. Good morning, everybody. Wow. What a quarter. You know, determination are a fig of antithetic storylines threaded done our past 3 months. But I judge if you measurement backmost and you look astatine the whole, you tin spot respective important facts. First is that this has been a play of sizeable uncertainty, but the resilience of our markets and the spot of our operations person restarted a momentum, registering beardown sales. It is besides rather wide that our squad continued to put successful expanding and preserving our strength, successful our enactment of caller products, successful our continuing marque position, and successful caller technologies for much powerfully wielding our proprietary databases.

We believe, and galore radical believe, that the operation of exertion and proprietary databases are among the large powers successful concern today. And done the blizzard, with uncertainty and tariffs, opposing currencies, rising worldly costs—all the elements of a storm—our gross margins person resisted the impacts and wide person remained astatine a beardown level. So today, I volition reappraisal with you the highlights of our quarter. I volition springiness you my position connected our results, connected the markets, and our progress. And aft that, arsenic usual, Aldo volition springiness you a much elaborate reappraisal of the financials. For us, erstwhile you look astatine the 4th and what it means, we proceed with confidence.