SNA — what changed in the latest 10-Q
A section-by-section comparison of SNA's newest periodic SEC filing (10-K/10-Q) against the prior same-form filing: paragraphs added and removed per section, with verbatim excerpts. Purely a deterministic text diff — no similarity scores, no directional read, not investment advice.
Comparing 10-Q · 2026-07-23 vs the prior 10-Q · 2026-04-23
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +53 | −15 | ~41 | 54 |
| Market risk (Item 3) | Text added/removed | 0 | 0 | ~2 | 2 |
| Controls & procedures | Text added/removed | 0 | 0 | ~2 | 1 |
| Other information | Text added/removed | 0 | −2 | ~2 | 2 |
Counts are paragraphs; added/removed means text added or removed vs the prior filing — no direction or judgement implied.
Not shown (absent or not faithfully extractable): Legal proceedings, Risk factors
Representative excerpts
Up to 5 excerpts of about 300 characters per section, quoted verbatim from the two SEC filings.
MD&A
Text added vs the prior filing · source: 10-Q · 2026-07-23
On June 8, 2026, Snap-on acquired Diesel Laptops, LLC (“Diesel Laptops”) for a preliminary cash purchase price of $99.7 million (or $99.1 million, net of cash acquired). Diesel Laptops, based in Irmo, South Carolina, specializes in diagnostics, repair information, and digital solutions for commercia…
On April 30, 2026, Snap-on acquired Hi-Force Group Holdings Ltd. (“Hi-Force”) for a preliminary cash purchase price of $58.0 million (or $54.9 million, net of cash acquired). Hi-Force, based in Daventry, United Kingdom, designs and manufactures high-pressure hydraulic tools, heavy lifting systems, a…
Pro forma financial information has not been presented for these acquisitions as the net effects were not significant to Snap-on’s results of operations or financial position.
Gross profit of $635.2 million in the second quarter of 2026 compared to $595.5 million last year. Gross margin (gross profit as a percentage of net sales) in the quarter improved 90 basis points (100 basis points (“bps”) equals 1.0 percent) from the second quarter of 2025 primarily reflecting the i…
Financial services revenue of $99.7 million in the second quarter of 2026 compared to $101.7 million last year. Financial services operating earnings of $67.5 million compared to $68.2 million in 2025.
Text removed vs the prior filing · source: 10-Q · 2026-04-23
Gross profit of $608.3 million in the first quarter of 2026 compared to $578.5 million last year. Gross margin (gross profit as a percentage of net sales) in the quarter decreased 30 basis points (100 basis points (“bps”) equals 1.0 percent) from the first quarter of 2025 primarily reflecting 40 bps…
Financial services revenue of $101.1 million in the first quarter of 2026 compared to $102.1 million last year. Financial services operating earnings of $68.0 million compared to $70.3 million in 2025.
Operating earnings of $318.8 million in the first quarter of 2026 compared to $313.4 million in 2025. As a percentage of revenues (net sales plus financial services revenue), operating earnings in the quarter were 24.4% including 40 bps of unfavorable foreign currency effects and compared to 25.2% l…
Interest expense in the first quarter of 2026 of $12.4 million was unchanged from last year. See Note 8 to the Condensed Consolidated Financial Statements for additional information on debt and credit facilities.
Segment net sales of $381.0 million in the first quarter of 2026 represented an increase of $37.1 million, or 10.8%, from 2025 levels, reflecting a $25.2 million, or 7.1%, organic gain and $11.9 million of favorable foreign currency translation. The organic increase reflects gains in each of the seg…
Other information
Text removed vs the prior filing · source: 10-Q · 2026-04-23
202717,094Exercises of vested stock options and sales of shares
20284,927Exercises of vested stock options and sales of shares
How to read Risk Factors (Item 1A) in a 10-Q
A 10-Q risk-factor section usually takes one of three forms; this page classifies it as one of:
- Pointer — the filer states there have been no material changes and points back to the annual 10-K risk factors; there is no own risk text to compare this quarter.
- Partial update — the filer carves out specific updated risks ("except as set forth below"); the excerpts show exactly what is new this quarter.
- Restated in full — the quarter carries the complete risk-factor text. When the prior quarter was only a pointer there is no prior full text to diff against, so the page flags the section as restated instead.
This describes the filing structure only — it is never a judgement on whether risk went up or down.
Source: text-level diff of the two SEC EDGAR filings · deterministic (no AI-generated content) · for reference only · not investment advice