Snap-on Incorporated (SNA) Q3 2022 Earnings Call Transcript

Snap-on Incorporated (NYSE:SNA) Q3 2022 Earnings Conference Call October 20, 2022 10:00 AM ET

Company Participants

Sara Verbsky - Vice President, Investor Relations

Nick Pinchuk - Chief Executive Officer

Aldo Pagliari - Chief Financial Officer

Conference Call Participants

Gary Prestopino - Barrington

Bret Jordan - Jefferies

Scott Stember - MKM Partners

Luke Junk - Baird

David MacGregor - Longbow Research

Operator

Hello, and welcome to the Snap-on Incorporated Third Quarter 2022 Results Conference Call. My name is Caroline, and I will be your coordinator for today's event. Please note, this call is being recorded. For the duration of the call, your lines will be on listen-only mode. However, you will have an opportunity to ask for questions at the end of the call. [Operator Instructions]

I will now hand over the call to your host, Sara Verbsky, to begin the conference. Thank you.

Sara Verbsky

Thank you, Caroline, and good morning, everyone. Thank you for joining us today to review Snap-on's third quarter results, which are detailed in our press release issued earlier this morning.

We have on the call today, Nick Pinchuk, Snap-on's Chief Executive Officer and Aldo Pagliari, Snap-on's Chief Financial Officer. Nick will kick off our call this morning with his perspective on our performance. Aldo will then provide a more detailed review of our financial results. After Nick provides some closing thoughts, we'll take your questions.

As usual, we have provided slides to supplement our discussion. These slides can be accessed under the Downloads tab in the webcast viewer as well as on our website, snapon.com, under the Investors section. These slides will be archived on our website along with a transcript of today’s call.

Any statements made during this call relative to management’s expectations, estimates or beliefs or that otherwise discuss management’s or the company’s outlook, plans or projections are forward-looking statements and actual results may differ materially from those made in such statements. Additional information and the factors that could cause our results to differ materially from those in the forward-looking statements are contained in our SEC filings.

Finally, this presentation includes non-GAAP measures of financial performance, which are not meant to be considered in isolation or as a substitute for their GAAP counterparts. Additional information regarding these measures is included in our earnings release issued today, which can be found on our website.

With that said, I’d now like to turn the call over to Nick Pinchuk. Nick?