Snap-On Incorporated
Capital Structure
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in mil. unless spec.Company Description
- CEO
- Nicholas T. Pinchuk
- Full Time Employees
- 13,000
- Sector
- Consumer durables
- Industry
- Tools & hardware
- Address
- 2801 80th Street Kenosha WI United States 53143
- IPO Date
- Feb 27, 1978
- CIK
- 0000091440
- Website
- snapon.com
- Similar Companies
- Business
- Snap-on Incorporated manufactures and markets high-quality tools, equipment, diagnostics, repair information, and systems solutions for professional users performing critical tasks worldwide. Founded in 1920 and headquartered in Kenosha, Wisconsin, the company operates through four segments: Commercial & Industrial Group; Snap-on Tools Group; Repair Systems & Information Group; and Financial Services; with products sold via franchisee vans, direct sales, distributors, and online channels across more than 130 countries, including significant presence in the United States, Europe, Asia Pacific, and other regions. Core offerings encompass hand tools such as wrenches, sockets, ratchets, pliers, screwdrivers, punches, chisels, saws, cutting tools, pruning tools, and torque instruments; power tools including cordless, pneumatic, hydraulic, and corded varieties; tool storage products like chests, roll cabinets, and workstations; diagnostic products comprising handheld and computer-based devices, software solutions, electronic parts catalogs, and repair information systems; shop equipment for vehicle and industrial service including wheel alignment systems, balancers, tire changers, lifts, test lane gear, collision repair tools, air conditioning service equipment, brake service tools, fluid exchangers, transmission diagnostics, safety testers, battery chargers, and hoists; and financial services such as financing programs for product sales and franchise support. Snap-on serves industries including vehicle repair, aviation, aerospace, military, natural resources, mining, agriculture, construction, power generation, manufacturing, and government. Recent developments include acquisitions of Mountz, Inc. and SAVTEQ, Inc. to expand offerings in critical industries; robust organic sales growth in the Repair Systems & Information Group driven by higher diagnostic, repair information, and software sales to OEM dealerships and independent shops; a 14% increase in quarterly dividend to $2.44 per share; and ongoing strategic initiatives such as enhancing franchisee productivity, penetrating emerging markets, launching new products like John Bean Tru-Point vehicle coverage expansions for ADAS calibration, and investing approximately $100 million in capital expenditures for 2025 to support innovation and efficiency via Rapid Continuous Improvement processes.
Company News
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