Snap-on makes professional-grade tools, diagnostics, and equipment sold primarily to vehicle repair technicians and industrial workers. The company operates through four segments: Snap-on Tools Group (hand tools, power tools, and tool storage sold through the van franchise channel), Repair Systems & Information (diagnostic platforms, repair software, and shop equipment sold to repair shop owners and OEM dealerships), Commercial & Industrial (tools and torque products for aerospace, military, manufacturing, and other critical industries), and Financial Services (installment financing for tool purchases). The van franchise channel is Snap-on's most distinctive go-to-market mechanism — franchisees drive routes and sell directly to technicians at their workplace, giving Snap-on recurring revenue and direct access to its core customer. A meaningful share of purchases are financed through Snap-on Credit, which carries roughly 17.6% average yield and generates stable earnings. Snap-on's growth strategy focuses on deepening penetration in automotive repair as vehicle complexity rises, expanding into critical industries through custom tooling and precision torque products, and growing higher-margin software and data offerings in diagnostics. RS&I's proprietary repair database, built from over 3B real-world repair records, powers Snap-on's diagnostic platforms and compounds in value over time. Snap-on also makes bolt-on acquisitions to expand capabilities, with recent examples including Norbar and Mountz in precision torque and Dealer-FX in OEM software.