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Snap-on Inc - Stock Quote SNA

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Morningstar's Snap-on Inc Stock Analysis

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We Expect Vehicle Repair Demand To Be Strong in the Near Term, Benefiting Snap-on

Dawit Woldemariam Equity Analyst

Business Strategy and Outlook

| Dawit Woldemariam |

Snap-on provides premium tools to vehicle repair shops and industrial customers. We think Snap-on will continue to be the top player in the tools industry. The company benefits from a strong brand reputation among repair technicians. Customers value Snap-on’s high-quality and strong performing products, in addition to its high-touch mobile van network. Snap-on’s tools and diagnostic products help customers complete repairs faster, improving productivity. We think customers will continue to pay up for Snap-on’s tool durability, convenience, and flexible financing options.

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Snap-on Inc's Company Profile

Business Description

Snap-on is a manufacturer of premium tools and software for repair professionals. Hand tools are sold through franchisee-operated mobile vans that serve auto technicians who purchase tools at their own expense. A unique element of its business model is that franchisees bear significant risk, as they must invest in the mobile van, inventory, and software. At the same time, franchisees extend personal credit directly to technicians on an individual tool basis. Snap-on currently operates three segments—repair systems and information, commercial and industrial, and tools. The company’s finance arm provides financing to franchisees to run their operations, which includes offering loans and leases for mobile vans.

2801 80th Street
Kenosha, WI, 53143
T +1 262 656-5200
Sector Industrials
Industry Tools & Accessories
Most Recent Earnings Mar 31, 2022
Fiscal Year End Dec 31, 2022
Stock Type Cyclical
Employees 12,800