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Business Description
Snap-on Incorporated is a global manufacturer and marketer of high-quality tool, diagnostic and equipment solutions for professional tool and equipment users. Product lines include hand and power tools, tool storage, 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, repair services, and other solutions for vehicle service, industrial, government and agricultural customers, and commercial applications, including construction and electrical.

Financial Information
Snap-on, Inc. manufactures and distributes hand tools, power tools, tool storage products, diagnostic equipment, shop equipment, and diagnostic software and other services. For the 26 weeks ended 6/29/02, revenues rose less than 1% to $1.06 billion. Net income before acctg. change rose 33% to $50.9 million. Revenues reflect the solid growth in the U.S. dealer business. Net income reflects the favorable impact from the elimination of goodwill amortization.