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Snap-on Incorporated : Snap-on Receives Two MOTORMagazine Top 20 Tool Awards

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10/19/2011 | 01:55pm CET

KENOSHA, Wis., Oct 19, 2011 (BUSINESS WIRE) --

Snap-on Incorporated (NYSE:SNA), a leading global innovator, manufacturer and marketer of tools, diagnostics, equipment, software and service solutions for professional users, announced it recently won two MOTOR Magazine Top 20 Tool Awards for its VERDICT(TM) Diagnostic and Information System and its RFV 2000(TM) Diagnostic Wheel Balancer. The winners were chosen by MOTOR Magazine's technical editors as innovative products that help make the jobs of professional shop owners and technicians easier, while enabling them to fix their customers' cars and light trucks more accurately and quickly.

"We are very excited to be recognized by MOTOR Magazine for our latest industry-leading innovations in diagnostics and equipment," said Tom Ward, Snap-on president, Repair Systems and Information Group. "The technology behind these products reflects the unique connection Snap-on has with its customers and the advantage that insight gives us in meeting their rapidly evolving demands for faster, more precise solutions."

VERDICT Diagnostic and Information System:

The new VERDICT diagnostic and information system is unlike anything else available in the industry. This modular hand-held device provides technicians the freedom to move freely around the shop while still observing diagnostic readings and repair information. The innovative tablet features a touch screen display with Windows(R) operating system, Wi-Fi, one-touch navigation and long-range Bluetooth technology, which allows technicians to view all readings, access codes, live data, component tests and web resources from anywhere in the shop.

RFV 2000 Diagnostic Wheel Balancer:

The RFV 2000 Diagnostic Wheel Balancer utilizes an industry-first method of obtaining a complete profile of the tire and wheel in one spin cycle. It uses patented optical imaging to analyze the tire and wheel interactions with the road, documenting the wear and shaping of the tire. This all new measuring process provides a comprehensive analysis of the tire and wheel assembly allowing technicians the ability to quickly and accurately diagnose problems, including the need for wheel alignment, wheel damage, or to predict when tire replacement will be required.

About Snap-on

Snap-on Incorporated is a leading global innovator, manufacturer and marketer of tools, equipment, diagnostics, repair information and systems solutions for professional users performing critical tasks. Products and services include hand and power tools, tool storage, diagnostics software, information and management systems, shop equipment and other solutions for vehicle dealerships and repair centers, as well as customers in industry, government, agriculture, aviation and natural resources. Products and services are sold through the company's franchisee, company-direct, distributor and Internet channels. Founded in 1920, Snap-on is a $2.6 billion, S&P 500 company headquartered in Kenosha, Wisconsin.

SOURCE: Snap-on Incorporated

Snap-on Incorporated
Media contact:
Richard Secor
262/656-5561
or
Investor contact:
Leslie Kratcoski
262/656-6121
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Financials ($)
Sales 2018 3 837 M
EBIT 2018 939 M
Net income 2018 668 M
Debt 2018 513 M
Yield 2018 2,33%
P/E ratio 2018 14,12
P/E ratio 2019 13,05
EV / Sales 2018 2,52x
EV / Sales 2019 2,52x
Capitalization 9 171 M
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Average target price 192 $
Spread / Average Target 20%
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NameTitle
Nicholas T. Pinchuk Chairman, President & Chief Executive Officer
Iain Boyd Vice President-Operations Development
Aldo J. Pagliari Chief Financial Officer & SVP-Finance
Jeanne M. Moreno Chief Information Officer & Vice President
Karen L. Daniel Independent Director
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