Welcome to our dedicated page for Snap-On news (Ticker: SNA), a resource for investors and traders seeking the latest updates and insights on Snap-On stock.
Snap-on Incorporated (NYSE: SNA) is an S&P 500 company that describes itself as a global innovator, manufacturer, and marketer of tools, equipment, diagnostics, repair information and systems solutions for professional users performing critical tasks. These users include technicians in vehicle repair, as well as professionals in aerospace, the military, natural resources, and manufacturing. Snap-on is headquartered in Kenosha, Wisconsin and traces its history back to its founding in 1920.
The Snap-on news feed on this page focuses on company announcements that matter to investors and industry followers. Typical items include quarterly and annual financial results, updates on segment performance across tools, repair systems and information, and financial services, as well as information about dividend declarations and changes to the quarterly dividend. Snap-on also regularly issues news about investor conference presentations and webcasts related to its earnings releases.
Because Snap-on highlights its role in serving professional users and critical industries, its news often discusses trends in vehicle repair activity, demand from OEM dealerships and independent repair shop owners and managers, and developments in critical industry markets. The company’s communications also describe its financing programs that support product sales and its franchise business.
Investors and observers can use this news page to follow Snap-on’s reported sales trends, earnings releases, dividend history, and scheduled investor events, all based on the company’s own public announcements.
Snap-on Incorporated (NYSE: SNA) will announce its 2020 third quarter results before the market opens on October 22, 2020. A conference call is scheduled for 10:00 a.m. ET to discuss these results, with a live audio webcast available on Snap-on's investor events page. The quarter's results, along with accompanying slides, will also be accessible via the Snap-on website. An archived replay will be provided for at least one week following the call. Established in 1920, Snap-on is a $3.7 billion leader in tool manufacturing and services.
Snap-on acquired the assets of AutoCrib, Inc. for approximately $36 million in cash on September 28, 2020. AutoCrib, with 2019 sales of about $30 million, is known for its tool and asset control solutions. The acquisition will enhance Snap-on's Commercial & Industrial Group, expanding its tool control offerings across various sectors, including aerospace and automotive. The integration is set to begin in Snap-on's 2020 fiscal fourth quarter.