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CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 28, 2025
Jun. 29, 2024
Jun. 28, 2025
Jun. 29, 2024
Net sales $ 1,281.1 $ 1,279.9 $ 2,524.3 $ 2,561.8
Operating earnings 327.3 350.5 640.7 689.7
Interest expense (12.3) (12.3) (24.7) (24.8)
Other income (expense) – net 14.3 18.7 28.7 36.8
Earnings before income taxes 329.3 356.9 644.7 701.7
Income tax expense (72.5) (79.3) (141.2) (154.5)
Net earnings 256.8 277.6 503.5 547.2
Net earnings attributable to noncontrolling interests (6.5) (6.4) (12.7) (12.5)
Net earnings attributable to Snap-on Incorporated $ 250.3 $ 271.2 $ 490.8 $ 534.7
Net earnings per share attributable to Snap-on Incorporated:        
Basic (in dollars per share) $ 4.80 $ 5.15 $ 9.38 $ 10.15
Diluted (in dollars per share) $ 4.72 $ 5.07 $ 9.24 $ 9.98
Weighted-average shares outstanding:        
Basic (in shares) 52,211,679 52,661,542 52,285,656 52,701,553
Effect of dilutive securities (in shares) 798,954 834,342 861,297 881,904
Diluted (in shares) 53,010,633 53,495,884 53,146,953 53,583,457
Dividends declared per common share (in dollars per share) $ 2.14 $ 1.86 $ 4.28 $ 3.72
Scenario, Rounding        
Weighted-average shares outstanding:        
Effect of dilutive securities (in shares) 800,000 800,000 800,000 900,000
Product and Services, Excluding Financial Services        
Net sales $ 1,179.4 $ 1,179.4 $ 2,320.5 $ 2,361.7
Cost of goods sold (583.9) (582.1) (1,146.5) (1,167.7)
Gross profit 595.5 597.3 1,174.0 1,194.0
Operating expenses (336.4) (317.0) (671.8) (642.8)
Operating earnings 259.1 280.3 502.2 551.2
Financial services revenue        
Net sales 101.7 100.5 203.8 200.1
Operating expenses (33.5) (30.3) (65.3) (61.6)
Operating earnings $ 68.2 $ 70.2 $ 138.5 $ 138.5