1335 ET - Snap-On is well-positioned for any tariff related supply chain impacts, Chief Executive Nick Pinchuk says the analyst call. He said the company's strategy to manufacture products in the markets where it sells enables it to make quick adjustments to changing production landscapes. He said 15 of the company's 36 total factories are located in the U.S. and manufacture most of the company's major American product lines using American steel. He added the company has not faced problems filling its domestic positions with skilled American workers. "We're in the fog of tariffs, but we are confident and we believe we can engage and manage the turbulence. We're not immune to the impact, but we believe we are very advantaged," Pinchuk says. Snap-On sinks 8% on lower 1Q profit and sales. (kelly.cloonan@wsj.com)
(END) Dow Jones Newswires
April 17, 2025 13:35 ET (17:35 GMT)
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