Snap-on Incorporated is a leading global innovator, manufacturer, and marketer of tools, equipment, diagnostics, repair information, and systems solutions for professional users. The company's products and services are sold through a network of franchisee vans, direct channels, and distributors, under a variety of notable brands. Snap-on also provides financing programs to facilitate sales and support its franchise business. The company's largest geographic markets include the United States, Europe, Canada, and Asia Pacific.

• Employees: Approximately 13,200 (as of December 30, 2023)
• Geographic Footprint: More than 130 countries
• Headquarters: Kenosha, Wisconsin
• Founded: 1920
• Number of locations/facilities: Not specified
• Revenue: $4.73 billion (FY2023)
• Market Capitalization: $15.0 billion (as of July 1, 2023)
• Key Subsidiaries/Brands: Snap-on Credit LLC, Blackhawk, Car-O-Liner, Challenger, Hofmann, John Bean, and Pro-Cut

• CEO: Nicholas T. Pinchuk
• CFO: Aldo J. Pagliari
• Vice President, General Counsel and Secretary: Richard T. Miller
• Other Key Executives: Anup R. Banerjee (Senior Vice President – Human Resources and Chief Development Officer), Iain Boyd (Vice President - Operations Development), Timothy L. Chambers (Senior Vice President and President - Snap-on Tools Group), June C. Lemerand (Vice President and Chief Information Officer), Marty V. Ozolins (Vice President and Controller), Thomas J. Ward (Senior Vice President and President - Repair Systems & Information Group)

Nicholas T. Pinchuk has served as CEO since 2007. Aldo J. Pagliari has served as CFO since 2010. Other executive tenures are also noted in the text.

• Annual Revenue: $4.73 billion (FY2023)
• Net Income: $1.01 billion
• Market Cap: $15.0 billion (as of July 1, 2023)
• Total Assets: Not specified
• Number of Employees: Approximately 13,200 (as of December 30, 2023)
• Key Financial Highlights: Operating earnings before financial services increased by 10.5% year-over-year. Net earnings attributable to Snap-on increased by 10.9% year-over-year.

Snap-on offers a broad line of products and services grouped into three categories:

• Tools: Hand tools, power tools, tool storage products, and other similar products.
• Diagnostics, Information and Management Systems: Handheld and computer-based diagnostic products, service and repair information products, diagnostic software solutions, electronic parts catalogs, business management systems and services, point-of-sale systems, integrated systems for vehicle service shops, OEM purchasing facilitation services, and warranty management systems and analytics.
• Equipment: Solutions for the service of vehicles and industrial equipment, including wheel alignment equipment, wheel balancers, tire changers, vehicle lifts, test lane equipment, collision repair equipment, vehicle air conditioning service equipment, brake service equipment, fluid exchange equipment, transmission troubleshooting equipment, safety testing equipment, battery chargers and hoists.

Snap-on's reportable business segments are:

• Commercial & Industrial Group: Serves a broad range of industrial and commercial customers worldwide.
• Snap-on Tools Group: Primarily serves vehicle service and repair technicians through the company's multinational mobile tool distribution channel.
• Repair Systems & Information Group: Serves other professional vehicle repair customers worldwide.
• Financial Services: Consists of the business operations of Snap-on Credit LLC and other financial services subsidiaries.

Snap-on evaluates the performance of its operating segments based on segment revenues and segment operating earnings. The Snap-on Tools Group segment revenues include external net sales, while the Commercial & Industrial Group and the Repair Systems & Information Group segment revenues include both external and intersegment net sales.

Snap-on's strategy focuses on coherent growth, expanding its professional customer base in legacy automotive markets, adjacent markets, additional geographies, and critical industries. Key strategic initiatives include enhancing the franchise network, expanding with repair shop owners and managers, extending to critical industries, and building in emerging markets. The company is committed to its "Value Creation Processes" a set of strategic principles and processes designed to create value and employed in the areas of safety, quality, customer connection, innovation and rapid continuous improvement.

Snap-on operates in the vehicle service and repair sector and the industrial sector. The vehicle service and repair market is driven by technological change, car and truck population growth, and increasing unit age. The industrial sector is characterized by a highly competitive environment with multiple suppliers. Snap-on competes on the basis of product quality and performance, product line breadth and depth, service, brand awareness and imagery, technological innovation, and availability of financing.

• Market Position: Leading manufacturer and distributor of professional tools, tool storage, diagnostics, equipment products, and repair software and solutions.
• Key Competitors: Not specified
• Industry Trends: Technological change, vehicle population growth, increasing vehicle age, and the need for specialized solutions.

• Market Risks: Dependence on the health of the vehicle repair market, changes in vehicle repair requirements, and competition.
• Operational Risks: Disruption of manufacturing operations, price inflation, supply shortages, and data security breaches.
• Financial Risks: Inability to provide acceptable financing alternatives, credit risks of customers and resellers, and fluctuations in currency exchange rates.
• Regulatory Risks: Changes in laws and regulations, including those related to international trade, data privacy, tax, and government contracts, as well as environmental laws.