EPS was $4.72, down 35 cents from last year, with 25 cents of headwinds including pension amortization and legal payment impacts.
Financial services operating earnings were $68.2 million, down 2.8% from $70.2 million last year.
Gross margin was 50.5%, down 10 basis points, with 50 basis points unfavorable currency offset by RCI initiatives.
Operating income before financial services was $259.1 million, down 7.6% from last year, impacted by a $11.2 million nonrecurring legal benefit in 2024.
Operating income margin was 22%, down 180 basis points from last year, reflecting investments in product, brand, and people.
Segment results: Commercial & Industrial sales declined 7.6% organically; Tools Group sales up 1.6% organically; RSNI sales up 2.3% organically with margin improvement.
Snap-on reported second quarter sales of $1,179.4 million, flat year-over-year, with organic sales down 0.7% excluding $8.6 million favorable currency impact.