| Business Summary | | Snap-On
Incorporated
is
a
global
developer,
manufacturer
and
marketer
of
tool,
diagnostic
and
equipment
solutions
for
the
professional
tool
user.
Product
lines
include
hand
and
power
tools,
tool
storage
products,
shop
equipment,
saws
and
cutting
tools,
pruning
tools,
under-hood
diagnostics
equipment,
under-car
equipment,
safety-testing
equipment,
collision
repair
equipment,
vehicle
service
information,
business
management
systems,
services
and
other
solutions
for
the
transportation
service,
industrial,
agricultural,
and
other
commercial
industries.
Snap-On's
customers
include
professional
automotive
technicians,
independent
automotive
repair
and
body
shops,
franchised
service
centers,
national
accounts,
specialty
repair
shops,
original
equipment
manufacturers,
industrial
distributors,
home
centers,
hardware
and
tool
specialty
stores,
and
industrial,
agricultural
and
commercial
tool
and
equipment
users
worldwide. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Snap-On,
Inc.
manufactures
and
distributes
hand
tools,
power
tools,
tool
storage
products,
diagnostic
equipment,
shop
equipment,
and
diagnostic
software
and
other
services.
Net
sales
for
the
26
weeks
ended
6/30/01
fell
5%
to
$1.05
billion.
Net
income
before
accounting
change
fell
53%
to
$38.3
million.
Revenues
reflect
lower
equipment
sales
and
unfavorable
currency
translations.
Earnings
also
reflect
a
shift
in
the
product
mix
and
a
$14
million
increase
in
restructuring
costs. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Robert Cornog, 60 Chairman | $1.6M | Dale Elliott Pres,
CEO | -- | Donald Huml, 54 Sr.
VP - Fin. and Chief Financial Officer | 652K | Frederick Hay, 56 Sr.
VP - Operations | 776K | Michael Montemurro, 52 Sr.
VP - Transportation | 522K | Dollar amounts are as of 30-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|