Snap-on Inc (STU:SPU)
€ 304 0.9 (0.3%) Market Cap: 16.14 Bil Enterprise Value: 16.08 Bil PE Ratio: 17.20 PB Ratio: 3.20 GF Score: 88/100

Snap-On Inc at Bank of America Merrill Lynch Consumer & Retail Technology Conference Transcript

Mar 11, 2020 / 02:30PM GMT
Release Date Price: €118 (+2.61%)
Operator

Good day and welcome to the Snap-on Incorporated call. Today's conference is being recorded.

For opening remarks and introductions, I would like to turn the call over to Curt Nagle. Please go ahead, sir.

Curtis Smyser Nagle
BofA Merrill Lynch, Research Division - VP

Good. Thank you very much, operator. So yes, again, my name is Curt Nagle. I'm one of the hardline analysts here at Bank of America that covers hardline retailers and a collection of mostly consumer brand manufacturers.

Today, I have the pleasure of leading a discussion with Nick Pinchuk, the Chairman and CEO of Snap-on; and Aldo Pagliari, Snap-on's CFO. Snap-on is a leading global high-end tool manufacturer and distributor based in Kenosha, Wisconsin, and last year generated $3.7 billion in sales. Snap-on primarily caters to professional mechanics in the auto, industrial, mining, aviation and military end markets, among others, over the past 100 years. It's developed a reputation of building highly specialized and innovative and high-end tools.

So in terms of how we're

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