实耐宝 2025年季度报告

FORM10-Q (Mark one) ☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934For the quarterly period endedSeptember27, 2025OR☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF1934For the transition period fromtoCommission File Number1-7724Snap-on Incorporated (Exact name of registrant as specified in its charter) 39-0622040(I.R.S. Employer Identification No.) Delaware(State of incorporation) 2801 80th Street,Kenosha,Wisconsin53143(Address of principal executive offices)(Zip code) (262)656-5200 (Registrant’s telephone number, including area code) Securities registered pursuant to Section 12(b) of the Act: Indicate by check mark whether the registrant (1)has filed all reports required to be filed by Section13 or 15(d) of the SecuritiesExchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports),and (2)has been subject to such filing requirements for the past 90 days.Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submittedpursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that theregistrant was required to submit such files).Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smallerreporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smallerreportingcompany,”and“emerginggrowthcompany”inRule12b-2oftheExchangeAct.Large accelerated filer☒Accelerated filer☐Non-accelerated filer☐Smaller reporting company☐Emerging growth company☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes☐No☒Indicate the number of shares outstanding of each of the registrant’s classes of common stock, as of the latest practicable date: Outstanding at October 10, 202552,007,557shares Part I: Financial Information Item1.Financial Statements Condensed Consolidated Statements of Earnings (unaudited) – Three and Nine Months Ended September 27,2025, and September 28, 20243Condensed Consolidated Statements of Comprehensive Income (unaudited) – Three and Nine Months EndedSeptember 27, 2025, and September 28, 20244Condensed Consolidated Balance Sheets (unaudited) – September 27, 2025, and December 28, 20245Condensed Consolidated Statements of Equity (unaudited) – Three and Nine Months Ended September 27, 2025,and September 28, 20247Condensed Consolidated Statements of Cash Flows (unaudited) – Nine Months Ended September 27, 2025,andSeptember 28, 20249Notes to Condensed Consolidated Financial Statements (unaudited)10Item 2.Management’s Discussion and Analysis of Financial Condition and Results of Operations43Item 3.Quantitative and Qualitative Disclosures About Market Risk60Item 4.Controls and Procedures60Part II: Other InformationItem 2.Unregistered Sales of Equity Securities and Use of Proceeds61Item 5.Other Information61Item6.Exhibits62Signatures63 SNAP-ON INCORPORATEDCONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME(Amounts in millions)(Unaudited) SNAP-ON INCORPORATEDCONDENSED CONSOLIDATED BALANCE SHEETS(Amounts in millions, except share data)(Unaudited) See Notes to Condensed Consolidated Financial Statements. SNAP-ON INCORPORATEDCONDENSED CONSOLIDATED BALANCE SHEETS(Amounts in millions, except share data)(Unaudited) SNAP-ON INCORPORATEDCONDENSED CONSOLIDATED STATEMENTS OF EQUITY(Amounts in millions, except share data)(Unaudited) The following summarizes the changes in total equity for the three month period ended September27, 2025: The following summarizes the changes in total equity for the nine month period ended September28, 2024: See Notes to Condensed Consolidated Financial Statements. SNAP-ONINCORPORATEDNOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS(Unaudited) Note 1:Summary of Accounting Policies Principles of consolidation and presentation:The Condensed Consolidated Financial Statements include the accounts of Snap-onIncorporated and its wholly owned and majority-owned subsidiaries (collectively, “Snap-on” or the “company”). These financialstatements should be read in conjunction with, and have been prepared in conformity with, the accounting principles reflected in theconsolidated financial statements and related notes included in Snap-on’s 2024 Annual Report on Form 10-K for the fiscal year endedDecember 28, 2024 (“2024 year end”). The company’s 2025 fiscal third quarter ended on September27, 2025, and its 2024 fiscal third quarter ended on Septem