Snap-on Incorporated (SNA) Presents at The 38th Annual Roth Conference Transcript

Scott Stember
ROTH Capital Partners, LLC, Research Division

Good morning, and thanks for joining us. The next meeting is going to be with Snap-on. With us today is President and CEO, Nick Pinchuk. Aldo Pagliari, CFO, is here as well. I’m your host, Scott Stember. I’m the senior analyst at ROTH. Anybody has any questions after this, they could shoot me an e-mail at sstember@roth.com.

And thank you, everybody, for being here. Thank you, Nick. Thank you, Aldo. Maybe to start off…

Nicholas Pinchuk
Chairman, CEO & President

First question is did you go to the Chicago party last night? I heard it almost slipped out of control.

Scott Stember
ROTH Capital Partners, LLC, Research Division

Yes. Yes. I was there. I enjoyed it thoroughly.

Nicholas Pinchuk
Chairman, CEO & President

Did you you keep clothes during the…

Scott Stember
ROTH Capital Partners, LLC, Research Division

Yes, I kept my clothes on, and I didn’t go up on stage.

So Nick, you are often asked to speak in the media about since all the different touch points that Snap-on has in the economy, asking you about how is Main Street going? And what are you seeing? So maybe you could just — before we get into the questions, maybe you could just start off by talking about what you’re seeing and what you’re hearing on the ground.

Nicholas Pinchuk
Chairman, CEO & President

Well, look, I mean, I think the thing is that what we found starting some time ago that the grassroots, which is one of our principal customers, we have really 3 customer bases. One is the