Snap-on Tools
Snap-on Tools is a global leader in providing high-quality tools and equipment, serving customers in over 130 countries with a product line that includes over 85,000 SKUs and generating $4.7 billion in sales in 2023.
Global Reach
Snap-on Tools serves customers in more than 130 countries, highlighting its vast international presence. With 4,700 mobile stores worldwide and 13 manufacturing facilities in the U.S., Snap-on has established a strong global footprint. In addition, the company maintains over 3,400 franchise vans in the United States, ensuring that customers have access to its wide range of products and services domestically and internationally.
Financial Performance
Snap-on Tools generated sales of $4.7 billion in 2023. The company's common stock is listed on the New York Stock Exchange under the ticker symbol SNA. An important aspect of Snap-on's financial strategy includes offering financing programs to facilitate the sales of its products and support its franchise business. Remarkably, Snap-on has paid consecutive quarterly cash dividends without interruption or reduction since 1939, showcasing its stability and commitment to shareholder returns.
Innovative Product Line
Snap-on offers a diverse product line that includes over 85,000 SKUs. The company provides a full range of specialty hand tools, power tools, diagnostics, wheel alignment, tire changers, wheel balancers, and repair information, particularly for heavy-duty applications. Advanced collision repair solutions from Snap-on include equipment and technology for wheel alignment, frame straightening, laser and camera measuring, welding, and induction heating. These comprehensive productivity solutions serve a variety of critical industries.
Commitment to Innovation
Snap-on demonstrates its commitment to innovation through its InnovationWorks facility, which has been visited by 29,000 people since its opening in 2009. The company has more than 4,060 active and pending patents worldwide, reflecting its dedication to developing cutting-edge tools and solutions. Snap-on continues to support serious professionals with unique and efficient products designed to enhance productivity and safety.
Industry-Specific Solutions
Snap-on provides specialized tools and equipment tailored for various industries. The company's Bahco brand offers high-performance bi-metal and carbide bandsaw blades for general-purpose and production cutting applications. Snap-on also delivers specialty tools engineered for the oil and gas industry, ensuring peak performance and safety. Additionally, the company offers innovative tools and equipment specifically designed for the railroad industry, demonstrating its extensive experience and commitment to meeting industry-specific needs.