The following is excerpted from the question-and-answer section of the transcript.
(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)
Question: Scott Stember - Roth Capital Partners - Analyst
: Talking about tools. I'm just trying to flesh out how close we are to, I guess, turning positive. Can you maybe talk about the confidence
at the shop level. I know you talked about it, I guess, still being high, but the -- I guess, their confidence high but cash poor. Has that
scenario actually gone backwards at all.
And the second part of that --
Question: Scott Stember - Roth Capital Partners - Analyst
: Got it. And as far as Snap-on and the actual pivoting, are you guys fully pivoted in making the product --
Question: Scott Stember - Roth Capital Partners - Analyst
: Great. And then just last question on C&I and RS&I. Could you tell us what the external sales were for each on an organic basis?
Question: Sherif El-Sabbahy - Bank of America Securities - Analyst
: I was just wondering if you could add a bit more color on the decline in originations. Is that mostly a function of product mix? Are
you seeing customers finance less of the purchases overall?
Question: Luke Junk - Robert W. Baird & Co., Inc. - Analyst
: I'm hoping you could double-click on the strength that you're seeing in specialty torque right now and just at a high level, I mean,
it seems like that should benefit multiple areas across both critical industries and some of the growing opportunities within auto
repair. And maybe, Nick, any thoughts around investment there, quickly, I think, an organic focus area. But could we see any additional
M&A. It seems like Mounts has been a pretty good dealer.
Question: Luke Junk - Robert W. Baird & Co., Inc. - Analyst
: Good stuff. And then for my follow-up, and I know this is hard to dial in precisely. But Nick, any thoughts on just the continued
headwinds in big ticket right here and the initiation origination trend, I should say. And just as we think about the potential growth
of the Tools Group this year, how much if any big ticket would you need if you were going to grow in line with the longer term 4%
to 5% and relative to the pivot to small ticket just -- any way to kind of calibrate how much is left there to go after.
Question: Bret Jordan - Jefferies - Analyst
: Let me throw the tariff question out there for you. And I guess sort of relative positioning around what may or may not happen here.
Your domestic mix versus your competitors, how do you see yourself positioned? And what's the impact?
REFINITIV STREETEVENTS | www.refinitiv.com | Contact Us
consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies.
Question: Bret Jordan - Jefferies - Analyst
: Well, I was looking for the answer too.
Question: Bret Jordan - Jefferies - Analyst
: And then on the relative strength of international tools versus US, I mean, sort of what do you attribute that to? Is there less
competition? There's no harbor freight or Matco in those markets. So it's a different competitive landscape or what you see there?
Question: Bret Jordan - Jefferies - Analyst
: Matco, Harbor Freight, Mac, people who are selling tools in the US market that are not internationally.
Question: Joseph Nolan - Longbow Research - Analyst
: This is Joe Nolan on for David.
I was just going to start. So first, just a strong quarter for the critical industries and for the toric tools business, you've invested in
some capacity there. So I assume you're shipping against some backlog orders. I was just wondering what you're seeing in terms of
order activity? And if you're --
Question: Joseph Nolan - Longbow Research - Analyst
: Yes. Sounds great. And I know you guys don't provide guidance, but just thinking about that business' margins into 2025, just any
of the moving parts there, obviously, the strength in critical industries is a benefit for margins. So just anything more you can provide?
Question: Joseph Nolan - Longbow Research - Analyst
: Yes. Got you. That's great. And then just quickly on the Tools Group. Apologies if I missed this, but did you talk about sell-in versus
sell-through in the quarter?
| 
