These slides should be read in conjunction with comments from the October 20, 2022 conference call. The financial statement information included herein is unaudited.
Statements made during the October 20, 2022 conference call and/or information included in this presentation may contain statements, including earnings projections, that are forward-looking in nature and, accordingly, are subject to risks and uncertainties regarding Snap-on's expected results; actual results may differ materially from those described or contemplated in these forward-looking statements. Factors that may cause actual results to differ materially from those contained in the forward- looking statements, including those found in Snap-on's reports filed with the Securities and Exchange Commission, and the information under "Safe Harbor" and "Risk Factors" headings in its most recent Annual Report on Form 10-K, which are incorporated herein by reference. Snap-on disclaims any responsibility to update any forward-looking statement provided during the October 20, 2022 conference call and/or included in this presentation, except as required by law.
This presentation includes certain non-GAAP measures of financial performance, which are not meant to be considered in isolation or as a substitute for their GAAP counterparts. Additional information regarding these non-GAAP measures is included in Snap-on's October 20, 2022 press release and Form 8-K, which can be found on the company's website in the investors section at www.snapon.com.
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Snap On Inc. published this content on 20 October 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 20 October 2022 10:49:08 UTC.
Snap-On Incorporated specializes in manufacturing and marketing of tools and diagnostic equipment for professionals in transportation, industry, agriculture, aviation and government sectors. Income breaks down by activity as follows:
- sale of tooling (49.5%): hand tools (wrenches, screwdriver, sockets, pliers, saws, etc.), power tools (burin, sanders, polishers, etc.), cutters, tools for cutting and pruning, tools storage products, etc.;
- sale of industrial equipment (23.8%): parallelism of wheels measurement system, wheel balancing, tire changers, vehicle hoist, battery chargers, etc.;
- sale of diagnostic materials and software (19.5%);
- financial services (7.2%).
Income breaks down geographically as follows: the United States (71.6%), Europe (14.9%) and other (13.5%).