Snap-on

In pursuit of these initiatives, we project that capital expenditures in 2025 will approximate $100 million, of which $62.5 million was incurred in the first nine months of the year.

SEC original ↗Snap-on — Earnings release (8-K exhibit)EX-99Oct 16, 2025

The financing needs of Financial Services are met through intersegment borrowings and cash generated from Operations Financial Services is charged interest expense on intersegment borrowings at market rates.

SEC original ↗Snap-on — Earnings release (8-K exhibit)EX-99Oct 16, 2025

For finance and contract receivables, customer bankruptcies are generally written off upon notification that the associated debt is not being reaffirmed or, in any event, no later than when the receivable becomes 180 days past due.

SEC original ↗Snap-on — 10-Q Quarterly report10-QJul 23, 2026

S nap-on has a $ 900 million multicurrency revolving credit facility that terminates on September 12, 2028 (the Credit Facility ).

SEC original ↗Snap-on — 10-Q Quarterly report10-QJul 23, 2026

The Credit Facility contains an accordion feature that, subject to certain customary conditions, may allow the maximum commitment to be increased by up to $ 450 million with the approval of the lenders providing additional commitments.

SEC original ↗Snap-on — 10-Q Quarterly report10-QJul 23, 2026

No amounts were borrowed or outstanding under the Credit Facility during the six months ended and as of July 4, 2026.

SEC original ↗Snap-on — 10-Q Quarterly report10-QJul 23, 2026

all enabled by our distinct advantages in strategy...

SEC original ↗Snap-on — Earnings release (8-K exhibit)EX-99Oct 16, 2025

During the period, we also drove robust expansion with owners and managers in both OEM dealerships and independent shops, fortified by substantial gains in our software portfolio.

SEC original ↗Snap-on — Earnings release (8-K exhibit)EX-99Oct 16, 2025

In pursuit of these initiatives, we project that capital expenditures in 2025 will approximate $100 million, of which $62.5 million was incurred in the first nine months of the year.

SEC original ↗Snap-on — Earnings release (8-K exhibit)EX-99Oct 16, 2025

Management evaluates the company s sales performance based on organic sales growth, which primarily reflects growth from the company s existing businesses as a result of increased output, expanded customer base, geographic expansion, new product development and pricing changes, and excludes sales contributions from acquired operations the company did not own as of the comparable prior-year reporting period.

SEC original ↗Snap-on — Earnings release (8-K exhibit)EX-99Oct 16, 2025

Contract receivables, with payment terms of up to 10 years, are comprised of extended-term payment contracts to a broad base of customers worldwide, including shop owners, both independents and national chains, for their purchase of tools, diagnostics, and equipment products, as well as extended-term contracts to franchisees to meet a number of financing needs, including working capital loans, loans to enable new franchisees to fund the purchase of the franchise and van leases, or the expansion of an existing franchise.

SEC original ↗Snap-on — 10-Q Quarterly report10-QJul 23, 2026

- more - - 2 - Our third quarter was encouraging, as it demonstrates our continuing momentum in meeting and overcoming the considerable uncertainty and the unprecedented trade turbulence of these days, as evidenced by our overall sales growth, by our resilient gross margins, and by our ongoing level of strong profitability...

SEC original ↗Snap-on — Earnings release (8-K exhibit)EX-99Oct 16, 2025

Outlook We believe that our markets and our operations possess and have demonstrated continuing and considerable resilience against the uncertainties of the current environment.

SEC original ↗Snap-on — Earnings release (8-K exhibit)EX-99Oct 16, 2025

Snap-on cautions the reader that this news release may contain statements, including earnings projections, that are forward-looking in nature and were developed by management in good faith and, accordingly, are subject to risks and uncertainties regarding Snap-on s expected results that could cause (and in some cases have caused) actual results to differ materially from those described or contemplated in any forward-looking statement.

SEC original ↗Snap-on — Earnings release (8-K exhibit)EX-99Oct 16, 2025

Provisions for impairment of goodwill and/or other intangible assets could arise in a future period due to significant and unanticipated changes in circumstances, such as declines in profitability and cash flow due to long-term deterioration in macroeconomic, industry and market conditions, the loss of key customers, changes in technology or markets, changes in key personnel or litigation, a sustained decrease in share price and/or other events.

SEC original ↗Snap-on — 10-Q Quarterly report10-QJul 23, 2026

EPS — prior quarter passage and this quarter's passage are both cited.

SEC original ↗Snap-on — Earnings release (8-K exhibit)EX-99Oct 16, 2025

Revenue — prior quarter passage and this quarter's passage are both cited.

SEC original ↗Snap-on — Earnings release (8-K exhibit)EX-99Oct 16, 2025

Net income — prior quarter passage and this quarter's passage are both cited.

SEC original ↗Snap-on — Earnings release (8-K exhibit)EX-99Oct 16, 2025