Tools, tool storage and equipment manufacturer Snap-on shared its 2025 first quarter financial results on April 17, showing a decline in sales year-over-year that its leadership attributed to demand pullback tied to macroeconomic uncertainty.

Kenosha, WI-based Snap-on posted 1Q25 sales of $1.14 billion, down 3.5% year-over-year, with organic sales likewise down 2.3% and a decline of $13.9 million in unfavorable foreign currency translation.

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“Snap-on’s first quarter was marked by the heightened macroeconomic uncertainty of the day that led to mixed results across our operations,” Snap-on Chairman and CEO Nick Pinchuk said in the company’s earnings release. “As such, the grassroots economy, particularly the technician customers of the Tools Group, accelerated their reluctance to purchase financed products.”

By Snap-on business unit in 1Q25:

• Snap-on Tools Group sales of $462.9 million, down compared to $500.1 million in 1Q24. Also reflecting an organic sales decline of 6.8% due to lower activity in the U.S., offset by higher sales in the segment’s international operations.
• Repair Systems & Information Group reported sales of $475.9 million, down compared to 1Q24’s $463.8 million, reflecting an organic sales increase of 3.7% due to higher activity with OEM dealerships and increased sales of diagnostic and repair information products to independent repair shop owners and managers, partially offset by lower volumes of undercar equipment.
• Commercial & Industrial Group sales of $343.9 million declined from 1Q24’s $359.9 million, reflecting an organic sales decline of 2.9% due to reduction in activity with customers in critical industries, where lower sales to military more than offset gains in other critical industry sectors, and a decline in the European-based hand tools business.

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