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Snap-on10-K: Cash flow concern

Financial Services credit loss provisions increased 28% over two years to $75.9M.

Read at SEC EDGAR

What happened

The rising provisions for credit losses, up from $59.1M in 2023, suggest deteriorating credit quality in their customer financing portfolio. This is a direct hit to profitability and could drive investment in better credit risk assessment tools, financial analytics, or automated collection platforms.

Source

SEC EDGARFeb 12, 2026

Annual report (Form 10-K)

Snap-on 10-K for FY2026

Filing excerpt

Provisions for credit losses... (75.9) (2025)... (73.7) (2024)... (59.1) (2023)

sec.gov/Archives/edgar/data/91440/000009144026000045/sna-20260103.htmRead the full source

Other signals in this filing (7)

Extracted by Autobound

From the Signal API record
Signal
10-K: Cash flow concern

What this signalsFilings often name leadership changes, deals and spending plans.

Period
FY2026
Fiscal year end
01/03
Filed
Feb 12, 2026

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The full record

From the Signal API record

Numbers

Dollar figure
$75.9M (2025 Provisions for credit losses)
Percent
28.4% (Increase in credit loss provisions from 2023 to 2025)

Details

CIK
91440
Accession number
0000091440-26-000045
Timeframe
Multi year
Filing year
2026
Why it matters
Treasury/cash management needs
Signal category
Financial

Extraction

Confidence
High
Relevance
80%
Sentiment
Negative
Detected
Feb 17, 2026
signal_type
sec-10k
signal_subtype
cashFlowConcern

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The API returns more than this page shows

This page shows a preview. The full sec-10k record in the Signal API and MCP can also have these 8 fields. Some fields are empty for some signals.

Company

  • linkedin_urlValue in the API
  • industriesValue in the API
  • employee_count_lowValue in the API
  • employee_count_highValue in the API
  • revenueValue in the API
  • descriptionValue in the API

Signal

  • signal_nameValue in the API
  • associationValue in the API
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Show the full JSONThe record on this page and the API request

GET /v1/signals/d53187c1-c9d4-4eee-b8c7-d926287736f0 returns this record as JSON. POST /v1/companies/enrich returns every signal for snapon.com.

{
  "signal_id": "d53187c1-c9d4-4eee-b8c7-d926287736f0",
  "signal_type": "sec-10k",
  "signal_subtype": "cashFlowConcern",
  "detected_at": "2026-02-17T06:34:27.32+00:00",
  "company": {
    "name": "Snap-on",
    "domain": "snapon.com"
  },
  "data": {
    "detail": "The rising provisions for credit losses, up from $59.1M in 2023, suggest deteriorating credit quality in their customer financing portfolio. This is a direct hit to profitability and could drive investment in better credit risk assessment tools, financial analytics, or automated collection platforms.",
    "metrics": {
      "pct": 0.284,
      "timeframe": "multi_year",
      "pct_context": "Increase in credit loss provisions from 2023 to 2025",
      "dollar_context": "2025 Provisions for credit losses",
      "dollar_millions": 75.9
    },
    "summary": "Financial Services credit loss provisions increased 28% over two years to $75.9M.",
    "excerpts": "Provisions for credit losses... (75.9) (2025)... (73.7) (2024)... (59.1) (2023)",
    "relevance": 0.8,
    "sentiment": "negative",
    "confidence": "high",
    "source_url": "https://www.sec.gov/Archives/edgar/data/91440/000009144026000045/sna-20260103.htm",
    "filing_date": "2026-02-12",
    "filing_year": 2026,
    "fiscal_year_end": "01/03",
    "sales_relevance": "Treasury/cash management needs",
    "signal_category": "financial"
  }
}

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