Snap-on Inc
Company Profile
Business description
Snap-on manufactures premium tools and software for repair professionals. Hand tools are sold through a franchisee-operated mobile van network that serve auto technicians who purchase tools at their own expense. A unique element of its business model is that franchisees bear significant risk, as they must invest in the mobile van, inventory, and software. At the same time, franchisees extend personal credit directly to technicians on an individual tool basis. Snap-on currently operates three segments: repair systems and information, commercial and industrial, and tools. Its finance arm provides financing to franchisees to run their operations, which includes offering loans and leases for mobile vans.
Contact
2801 80th Street
KenoshaWI53143
USAT: +1 262 656-5200
Sector
Industrials
Stock type
Sensitive
Industry
Tools & Accessories
Fiscal Year End
31 December 2025
Employees
13,200
Morningstar Investment Ideas
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