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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 Inc. 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 and Hand Tool Manufacturing. Their largest market share is in the Hand Tool & Cutlery Manufacturing industry, where they account for an estimated 8.8% of total industry revenue and are considered an Incumbent because they display strong market share, but lower profit and revenue growth than some of their peers.
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 & Cutlery Manufacturing in the US

  • Of the 6 core revenue-generating products and services in the Hand Tool & Cutlery Manufacturing in the US industry, Snap-On Inc. offers:
    • Cutlery, utensils, scissors and snips
    • Cutting tools and precision measuring tools
    • Edge tools, saw blades and handsaws
    • AAAAA AAAAA
  • Hand Tool Manufacturing

  • Of the 4 core revenue-generating products and services in the Hand Tool Manufacturing industry, Snap-On Inc. offers:
    • Dies and interchangeable cutting tools
    • Edge tools
    • Mechanics' hand service tools
    • AAAAA AAAAA
  • Power Tool Manufacturing

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

Snap-On Inc. - Analyst Insights

Snap-on continues to invest in software solutions by acquiring Dealer-FX

In March 2021, Snap-on Inc. acquired equipment manufacturer and dealer solutions provider Dealer-FX for approximately $200.0 million in cash. Dealer-FX provides software for dealers and original equipment manufacturers that improves customer experiences. This expands Snap-on’s electronic catalogs, diagnostic programs and product analytics services. Dealer-FX joins the Repair Systems and Information segment. This division accounted for 29.0% of company revenue in 2021. Sales from diagnostics information and management systems increased by 13.9% from 2020 to 2021. The acquisition highlights Snap-on’s growing interest in software as a service (SaaS) solutions to diversify its product portfolio.

M&A


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, and Power Tool Manufacturing 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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error_outline To view Snap-On Inc.'s full SWOT analysis, see purchase options.

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 EquivalentsN/AN/A184.5140.992.0
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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