Snap-on Inc (SNA)

Snap-On, Inc. engages in the manufacture and marketing of tools, equipment, diagnostics, repair information, and systems solutions for professional users performing critical tasks. Its products and services include hand and power tools, tool storage, diagnostics software, handheld and PC-based diagnostic products, information and management systems, shop equipment and other solutions for vehicle dealerships and repair centers, as well as for customers in industries such as aviation and aerospace, agriculture, construction, government and military, mining, natural resources, power generation, and technical education. The firm operates through the following segments: Commercial and Industrial Group, Snap-On Tools Group, Repair Systems and Information Group, and Financial Services. The Commercial and Industrial Group segment consists of business operations that serve the aerospace, natural resources, government, power generation, transportation, and technical education markets. The Snap-On Tools Group segment includes business operations primarily serving vehicle service and repair technicians through its worldwide mobile tool distribution channel. The Repair System and Information Group segment serves professional vehicle repair customers, primarily owners and managers of independent repair shops and original equipment manufacturer dealerships through direct and distributor channels. The Financial Services segment consists of installment sales and lease contracts arising from franchisees' customers, and business loans and vehicle leases to franchisees. The company was founded by Joseph Johnson and William Seidemann in 1920 and is headquartered in Kenosha, WI.

Address

2801 80TH STREET
KENOSHA, WI 53143

Founded

1920

Number of Employees

13,200

Buyback

Buyback Data 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 Average
$ Amount Purchased
($ in 000s )
$79,316 $110,414 $120,354 $287,922 $284,088 $279,835 $132,850 $431,343 $198,078 $292,827 $117,589 $212,238
Average Price $116.64 $152.72 $158.78 $158.20 $160.59 $160.36 $154.66 $221.90 $220.33 $260.06 $278.65 $183.18
# Shares Purchased 680,000 723,000 758,000 1,820,000 1,769,000 1,745,000 859,000 1,943,900 899,000 1,126,000 422,000 1,158,627
Buyback Performance 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 Average
Total Return to Date 140.1% 83.3% 76.3% 77.0% 74.4% 74.6% 81.0% 26.2% 27.1% 7.7% 0.5% 52.9%
S&P 500 Return to Date 181.9% 173.0% 168.6% 129.7% 104.9% 93.1% 74.8% 31.7% 37.3% 31.3% 7.4% 94.0%
Excess Total Return -41.8% -89.6% -92.2% -52.7% -30.5% -18.5% 6.2% -5.5% -10.2% -23.7% -6.9% -41.1%
Quartile Rank
Percentile Rank 66% 55% 54% 62% 65% 69% 67% 66% 68% 46% 41% 72%
Buyback returns calculated using weighted average buyback price over the last 10 years and comparing to current day stock price value. S&P 500 used as benchmark for excess return.

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