Tools, tool storage and equipment manufacturer Snap-on shared its 2025 second quarter financial results on July 17, showing a slight decline in organic sales year-over-year while total sales remained unchanged.

Kenosha, WI-based Snap-on posted 2Q25 sales of $1.17 billion, unchanged year-over-year, with organic sales down 0.7% offset by an $8.6 million increase in favorable foreign currency translation.

Snap-on’s 2Q gross margin dipped 10 basis points year-over-year to 40.5%, reflecting 50 bps of foreign currency headwind, partially offset by benefits from the company’s Rapid Continuous Improvement initiatives. 2Q operating profit of $327 million (25.5% margin) trailed the $350.5 million (27.4% margin) of a year earlier, while net profit of $250 million trailed the $271 million of a year earlier.

“Despite the volatile nature of the ongoing environment, we believe our deeply-rooted strategy to make in the markets where we sell, our structural strengths in broadly established facilities, know-how and people and our strong commitment to our Snap-on Value Creation processes, position us well in navigating the multi-varied challenges of today and tomorrow,” Snap-on Chairman and CEO Nick Pinchuk said in the company’s financial release. “As such, we proceed with confidence that our balanced approach of growth and improvement will prevail as we move forward and upward.

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By Snap-on business unit in 2Q25:

• Snap-on Tools Group sales of $491.0 million were up compared to $482.0 million in 2Q24, reflecting an organic sales increase of 1.6% due to higher sales in the U.S., while activity in the segment’s international operations was flat.
• Repair Systems & Information Group reported sales of $468.6 million, up compared to $454.8 million in 2Q24, reflecting an organic increase of 2.3% due to higher activity with OEM dealership 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 $347.8 million declined from 2Q24’s $372.0 million, reflecting a 7.6% decline in organic sales due to reductions in the segment’s Asia Pacific and European-based hand tools businesses and in activity with customers in critical industries, partially offset by a rise in the specialty torque operation.