We Believe Snap-on Is Well Positioned to Benefit From Strong Auto Repair Demand in the Near Term

Snap-on provides premium tools to vehicle repair shops and industrial customers. We think Snap-on will continue to be the top player in the tools industry. The company benefits from a strong brand reputation among repair technicians. Customers value Snap-on’s high-quality and strong performing products, in addition to its high-touch mobile van network. Snap-on’s tools and diagnostic products help customers complete repairs faster, improving productivity. We think customers will continue to pay up for Snap-on’s tool durability, convenience, and flexible financing options.