Filing Flows › Snap-on (SNA) › Q1 2025
Snap-on (SNA) Q1 2025 earnings results (first quarter 2025)
10-Q filed Apr 17, 2025
Snap-on (SNA) reported revenue of $1.2B for the first quarter 2025 (Q1 2025), -3% from a year earlier and -4% from the quarter before. Operating margin was 25.2%, net earnings $240M (19.3% of revenue).
Snap-on, Q1 2025: revenue $1.2B (-3% year over year), operating margin 25.2%, net earnings $240M, operating cash flow $298M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.2B | -4% | -3% |
| Operating profit | $313M | -6% | -8% |
| Net earnings | $240M | -7% | -9% |
| Operating cash flow | $298M | +2% | -14% |
| Free cash flow | $276M | +0.1% | -16% |
What changed
Revenue was $1.2B in Q1 2025, down 3% year over year and down 4% from the previous quarter. Total net sales was the largest line at 92% of revenue. Total net sales lost $0.04B year over year (down 3%), 106% of the total change.
Operating profit was $0.31B, a 25.2% margin (down 1.3 points year over year). Total costs fell 1% while revenue fell 3%. Net earnings were $0.24B, down 9% year over year. The effective tax rate was 21.8%.
Operating cash flow was $0.30B (down 14% year over year), 121% of net income including minority interests. Non-cash charges added back $0.02B of depreciation and amortization and $4.5M of share-based compensation. Working capital and other items added $0.02B. Capital expenditures of $0.02B left free cash flow of $0.28B.
Questions
What was Snap-on's revenue in the first quarter 2025?
Snap-on (SNA) reported revenue of $1.2B for the first quarter 2025 (Q1 2025), -3% from a year earlier and -4% from the quarter before.
Was Snap-on profitable in the first quarter 2025?
Operating profit was $313M (25.2% of revenue) and net earnings $240M.
Source: Snap-on 10-Q on SEC EDGAR.