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COMPANY BENCHMARKING • UNITED STATES

Snap-On Inc. - Company Profile

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Snap-On Inc. - Overview

Brands
ATI Tools, AutoCrib, AutoVHC, BAHCO, BlackHawk, Blue-Point, Car-o-Liner, Cartec, Challenger Lifts, Dealer-FX, Ecotechnics, Gorbar, Hofmann, JohnBean, Kansas Jack, Power Hawk, Sioux, Sun, Truck Cam, Williams
Description
Snap-On is a public company headquartered in Wisconsin with an estimated 12,800 employees. In the US, the company has a notable market share in at least three industries: Hand Tool & Cutlery Manufacturing, Power Tool Manufacturing, Hand Tool Manufacturing and Power Tool Manufacturing. Their largest market share is in the Hand Tool & Cutlery Manufacturing industry, where they account for an estimated 8.6% of total industry revenue.
Company Details

Registered Name: Snap-On Inc.

Company Type: Operating

Exchange: NYSE

Headquarters: 2801 80th Street Kenosha WI 53143

Website: http://www.snapon.com

Employees: 12800

Snap-On Inc. - Operating Industries and Main Competitors

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Snap-On Inc. - Products and Services

  • Hand Tool Manufacturing in the US

    • Of the 4 core revenue-generating products and services in the Hand Tool Manufacturing in the US industry, Snap-On Inc. offers:
    • Edge tools

  • Power Tool Manufacturing in the US

    • Of the 5 core revenue-generating products and services in the Power Tool Manufacturing in the US industry, Snap-On Inc. offers:
    • Battery-powered tools
error_outline To view Snap-On Inc.'s full products and services, see purchase options.

Snap-On Inc. - Analyst Insights

Snap-on’s dependence on business investments leaves it vulnerable to interest rate increases

Snap-on operates a financial services division that provides credit and funding to customers and franchises. While the division only accounted for 7.0% of company revenue in 2021, it is an essential part of Snap-on’s daily operation and forward-looking strategies. Likely increases in interest rates over the next year could negatively affect the finance division and the company as whole. As an equipment manufacturer and dealer, Snap-on revenue depend on investment demand and the ability to borrow. The company will likely decrease production and lose competitive edge with other equipment producers in the event of a rate hike.

Structural


In response to volatile demand in the wake of the first COVID-19 surge, the company undertook a comprehensive cost reduction program, aimed at shoring up labor and supply costs.

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Snap-On Inc. - SWOT Analysis

Strengths and weaknesses take into account internal factors, and are based on Snap-On Inc.'s performance in comparison to its competitors. Opportunities and Threats focus on external influences, and are based on trends and demand in the Hand Tool & Cutlery Manufacturing in the US, Hand Tool Manufacturing in the US, and Power Tool Manufacturing in the US industries.
Strengths
Days Receivables: x.x%
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Rank: 2 of 3 peers
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book.
Annual Turnover: x.x%
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Rank: 2 of 3 peers
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book.
Weaknesses
Credit Risk: x.x%
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Rank: 2 of 3 peers
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book.
Revenue per Employee: $xx
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Rank: 2 of 3 peers
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book.
Opportunities
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Threats
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Snap-On Inc. - Financial Statements & Ratios

pie_chartSnap-On Inc. Income Statement

BALANCE DATE12/31/202212/31/202112/31/201912/31/201812/31/2017
Revenue4,601.73,942.24,067.74,070.44,000.3
Cost of Revenue00000000000000000000
Cost of Revenue, Non-Cash00000000000000000000
Gross Profit00000000000000000000
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pie_chartSnap-On Inc. Balance Sheet

BALANCE DATE12/31/202212/31/202112/31/201912/31/201812/31/2017
Cash and Equivalents780.0923.4184.5140.992.0
Short-Term Investments00000000000000000000
Derivative Assets, Current00000000000000000000
Restricted Cash and Investments00000000000000000000
AAAAAA AAAAAA00000000000000000000

pie_chartSnap-On Inc. Cash Flow

BALANCE DATE12/31/202212/31/202112/31/201912/31/201812/31/2017
Net Income841.4646.4711.2696.2572.2
Income (Loss) From Discontinued Operations00000000000000000000
Depreciation, Depletion and Amortization00000000000000000000
Amortization of Financing Costs and Discounts00000000000000000000
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