Stock Data
$1.67 (0.40%)
Asset Type
Common Stock
Exchange
NYSE
Currency
USD
Country
USA
Sector
INDUSTRIALS
Industry
TOOLS & ACCESSORIES
Snap-on Incorporated is a global provider of high-quality tools, diagnostic equipment, and systems solutions for professionals in various industries, including automotive, aviation, agriculture, and more. Founded in 1920 and based in Kenosha, Wisconsin, Snap-on offers a wide range of products such as hand tools, power tools, tool storage solutions, and diagnostic software. The company also provides specialized vehicle and industrial equipment services, including wheel alignment and tire changing, alongside financing programs to support its franchise business. Snap-on is dedicated to supporting professionals in maintaining and repairing sophisticated machinery and vehicles.
Snap-on smashed revenue expectations by 9.4% and expanded gross margins to 51.4%, with its Commercial and Industrial segment firing on all cylinders at 11% organic growth. The toolmaker is banking on two recent acquisitions in hydraulics and truck diagnostics to extend its reach into adjacent markets where repair failures carry steep penalties.
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