Strattec Generated $14 Million in Cash from Operations in Second Quarter Fiscal 2026
MWN-AI** Summary
Strattec Security Corporation reported robust financial performance for the second quarter of fiscal 2026, generating $14 million in cash from operations, a significant increase of 47% year-over-year. This growth was bolstered by a sales increase of 6%, reaching $137.5 million, fueled by effective pricing strategies, new program launches, and customer inventory adjustments. The company's gross margin improved to 16.5%, up from 13.2% in the previous year, primarily driven by these pricing initiatives and higher production volumes.
Net income attributable to Strattec for the quarter was $4.9 million, translating to $1.20 per diluted share compared to $0.32 per diluted share in the same period last year. Adjusted EBITDA rose to $12.3 million, reflecting an increase from $8.0 million in the prior year, with an EBITDA margin of 8.9%.
President and CEO Jennifer Slater acknowledged the company’s solid performance amidst market challenges, including supply chain disruptions and foreign exchange fluctuations. She emphasized the company’s focus on pricing and operational cost reductions as key factors in protecting margins, alongside ongoing restructuring efforts expected to yield annual savings of $3.4 million.
As of December 28, 2025, Strattec maintained a strong balance sheet with $99 million in cash and only $2.5 million in debt, demonstrating significant financial flexibility. However, Slater noted that the second half of fiscal 2026 may face a softer U.S. automotive production market, but the company remains committed to improving productivity and innovation in vehicle access solutions.
The results will be discussed in an upcoming conference call scheduled for February 6, 2026, where the company will provide further insights into its operational strategies and financial performance.
MWN-AI** Analysis
Strattec Security Corporation's recent financial performance in Q2 of fiscal 2026 reveals a robust trajectory that signals potential investment opportunities despite broader market challenges. The company generated $14 million in cash from operations, a significant 47% increase year-over-year, emphasizing its ability to enhance cash flow amid rising operational complexities.
Sales growth of 6% to $137.5 million was achieved through strategic pricing, product launches, and customer inventory accumulation, suggesting that Strattec is effectively navigating the automotive industry's evolving landscape. Importantly, the gross margin improvement to 16.5% reflects not only pricing power but also successful cost management initiatives, including restructuring actions expected to yield $3.4 million in annual savings.
The adjusted EBITDA margin of 8.9% highlights operational efficiency, a positive indication for profitability moving forward. Moreover, the company maintains a strong balance sheet with $99 million in cash against just $2.5 million in debt, providing substantial financial flexibility for further investments or strategic positioning in the market.
However, caution is warranted as the second half of fiscal 2026 is predicted to experience a downturn in U.S. automotive production and persistent foreign exchange headwinds. Investors should watch for how Strattec adapts to these challenges, particularly through innovation and productivity improvements as expressed by CEO Jennifer Slater.
In summary, while Strattec exhibits strong operational performance and a healthy financial position, prospective investors should remain vigilant regarding external market conditions. A strategic buy could be considered, particularly for investors looking to tap into the automotive sector's recovery, leveraging Strattec's operational strengths and ongoing transformation initiatives. It would be prudent to continuously assess the impact of macroeconomic factors on their performance in upcoming quarters.
**MWN-AI Summary and Analysis is based on asking OpenAI to summarize and analyze this news release.
- Sales for the quarter grew 6% to $137.5 million driven by pricing, new program launches, customer inventory builds and select platform successes
- Gross margin for the quarter was 16.5%, compared with 13.2% in the prior year period
- Net income attributable to Strattec for the second quarter fiscal 2026 was $4.9 million, or $1.20 per diluted share; compared with $0.32 per diluted share in the prior year period
- Adjusted EBITDA 1 was $12.3 million, or 8.9% of sales, compared with $8.0 million in the prior year second quarter.
- Strong balance sheet provides financial flexibility; $99.0 million in cash and $2.5 million in debt
- Furthered fiscal 2026 restructuring actions which collectively are expected to result in annualized savings of $3.4 million
Strattec Security Corporation (Nasdaq: STRT) (“Company” or “Strattec”), a leading provider of smart vehicle access, security and authorization solutions for the global automotive industry, reported financial results for its second quarter of fiscal year 2026, which ended December 28, 2025.
Jennifer Slater, President and CEO of Strattec, said, “We delivered a solid second quarter despite market and supply chain headwinds and unfavorable foreign exchange trends. A focus on pricing and cost reductions protected our gross margin. That focus continued during the quarter as we offered a voluntary early retirement program and implemented additional restructuring actions in our operations in Mexico. We expect $3.4 million in annual savings from these actions. We continue to generate strong cash flow even as we are investing to improve our business.”
“The second half of fiscal 2026 is expected to have a softer U.S. automotive production market and continued FX headwinds. We remain centered on transforming Strattec into a better business with stronger earnings power and a predictable path for growth. We will continue to find ways to improve productivity while investing in creating the products that will provide vehicle access solutions for the future,” Ms. Slater concluded.
FY 2026 Second Quarter Financial Summary
(compared with prior-year period, except where otherwise noted)
Net sales were $137.5 million, an increase of $7.6 million, or 6%. Sales growth was driven by $3.1 million of pricing, $3.0 million associated with favorable sales mix and higher content value, $2.4 million in net new program launches and $1.4 million in tariff recovery more than offsetting $2.3 million in reduced market demand.
Gross profit increased $5.6 million to $22.7 million, while gross margin expanded 330 basis points. The improvement was primarily the result of pricing actions and the contribution from higher production volumes, complemented by $1.7 million in restructuring savings. This more than offset $0.9 million of incremental tariff costs, $1.2 million of higher labor costs in Mexico related to annual merit increases, and $1.6 million related to unfavorable foreign exchange rates.
Selling, administrative and engineering (“SAE”) expenses increased $2.8 million to $17.9 million, or 13.0% of sales, compared with $15.0 million, or 11.6% of sales, in the prior-year period. Elevated SAE expenses included a $1.7 million charge related to the voluntary retirement program and an increase in business transformation costs of $0.8 million. The $0.7 million investment in additional talent was mostly offset by the $1.1 million reduction in executive transition costs.
Interest income grew $0.5 million on higher cash balances, while interest expenses declined $0.2 million on lower borrowings. Other income increased $2.2 million as a result of changes in foreign currency exchange rates.
Net income attributable to Strattec was $4.9 million, or $1.20 per diluted share, compared with $1.3 million, or $0.32 per diluted share, in the prior-year period. On an adjusted basis, second quarter fiscal 2026 net income attributable to Strattec 1 was $7.1 million, and adjusted diluted earnings per share 1 was $1.71. Adjusted EBITDA 1 for the quarter was $12.3 million compared with $8.0 million in the prior-year period. Adjusted EBITDA margin of 8.9%, compared with 6.1% in the fiscal 2025 second quarter.
Financial Flexibility with Strong Balance Sheet
Cash from operations in the second quarter of fiscal 2026 was $13.9 million, an increase of $4.4 million, or 47%, as a result of higher cash earnings.
At December 28, 2025, the Company had $99.0 million in cash and cash equivalents, up from $90.5 million at the end of the first quarter fiscal 2026 and $84.6 at the end of the fourth quarter of fiscal 2025. Inventories increased $10.3 million in the quarter to improve service levels and reduce expedites.
Second Quarter Fiscal Year 2026 Webcast and Conference Call
The Company will host a conference call and webcast tomorrow, Friday, February 6, 2026, at 9:00 am Eastern Time to review the financial and operating results for the period ended December 28, 2025, and provide an update on its transformation progress. A question-and-answer session will follow.
You can access the call by phoning (201) 689-8470 or find the webcast and accompanying slide presentation at investors.strattec.com.
A telephonic replay will be available from 12:00 p.m. ET on the day of the call through Friday, February 20, 2026. To listen to the archived call, dial +1 (412) 317-6671 and enter replay PIN 13757872. The webcast replay will be available on the Investor Relations section of the Company’s website investors.strattec.com , where a transcript will be posted once available.
| _____________ | ||
1 | Refer to “Use of Non-GAAP Financial Metrics and Additional Financial Information” as well as accompanying reconciliations to GAAP |
About Strattec
Strattec is a leading global provider of advanced automotive access, security & authorization solutions for leading vehicle manufacturers, primarily in the U.S. With a history spanning over 110 years, Strattec has consistently been at the forefront of innovation in vehicle security, transitioning from mechanical to integrated electro-mechanical systems. Its highly-engineered products include power access solutions, latches, vehicle start systems, keys, fobs & accessories, locks & locksets, door handles and other access products. Power access solutions provide the motion control for power liftgates, sliding power doors and power tailgates. For more information on Strattec and its solutions, visit www.strattec.com .
Safe Harbor Statement
Certain statements contained in this release contain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These statements may be identified by the use of forward-looking words or phrases such as “anticipate,” “believe,” “could,” “expect,” “intend,” “may,” “planned,” “potential,” “should,” “will,” and “would.” Such forward-looking statements are inherently subject to many uncertainties in the Company’s operations and business environment. These uncertainties include general economic conditions, in particular, relating to the automotive industry, consumer demand for the Company’s and its customers’ products, competitive and technological developments, customer purchasing actions, changes in warranty provisions and customer product recall policies, work stoppages at the Company or at the location of its key customers as a result of labor disputes, foreign currency fluctuations, uncertainties stemming from U.S. trade policies, tariffs and reactions to the same from foreign countries, matters adversely impacting the timing and availability of component parts and raw materials needed for the production of the Company’s products and the products of its customers and fluctuations in costs of operation. Shareholders, potential investors and other readers are urged to consider these factors carefully in evaluating the forward-looking statements and are cautioned not to place undue reliance on such forward-looking statements. Such uncertainties and other operational matters are discussed further in the Company’s quarterly and annual filings with the Securities and Exchange Commission. The forward-looking statements made herein are only made as of the date of this press release and the Company undertakes no obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances occurring after the date of this release.
Use of Non-GAAP Financial Metrics and Additional Financial Information
In addition to reporting financial results in accordance with generally accepted accounting principles, or GAAP, Strattec provides Adjusted Non-GAAP information as additional information for its operating results. References to Adjusted Non-GAAP information are to non-GAAP financial measures. These measures are not required by, in accordance with, or an alternative for, GAAP and may be different from similarly titled non-GAAP financial measures used by other companies. Strattec’s management uses these measures to make strategic decisions, establish budget plans and forecasts, identify trends affecting Strattec’s business, and evaluate performance. Management believes that providing these non-GAAP financial measures to investors, as a supplement to GAAP financial measures, will help investors evaluate Strattec’s core operating and financial performance and business trends consistent with how management evaluates such performance and trends. Investors are encouraged to review the related GAAP financial measures and the reconciliation of these non-GAAP financial measures to their most directly comparable GAAP financial measures.
FINANCIAL TABLES FOLLOW
Strattec Security Corporation | |||||||||||||||
Consolidated Statements of Income | |||||||||||||||
(Unaudited) | |||||||||||||||
(In thousands, except per share amounts) | |||||||||||||||
Three Months Ended | Six Months Ended | ||||||||||||||
December 28, | December 29, | December 28, | December 29, | ||||||||||||
| Net sales | $ | 137,534 | $ | 129,919 | $ | 289,933 | $ | 268,971 | |||||||
| Cost of goods sold | 114,812 | 112,768 | 240,876 | 232,899 | |||||||||||
| Gross profit | 22,722 | 17,151 | 49,057 | 36,072 | |||||||||||
| Gross margin | 16.5 | % | 13.2 | % | 16.9 | % | 13.4 | % | |||||||
| Selling, administrative and engineering expenses | 17,860 | 15,017 | 33,748 | 28,875 | |||||||||||
| Income from operations | 4,862 | 2,134 | 15,309 | 7,197 | |||||||||||
| Operating margin | 3.5 | % | 1.6 | % | 5.3 | % | 2.7 | % | |||||||
| Interest income | 885 | 408 | 1,762 | 757 | |||||||||||
| Interest expense | (96 | ) | (257 | ) | (252 | ) | (552 | ) | |||||||
| Other (expense) income, net | 1,691 | (482 | ) | 1,416 | (353 | ) | |||||||||
| Income before provision for income taxes and non-controlling interest | 7,342 | 1,803 | 18,235 | 7,049 | |||||||||||
| Income tax expense | 1,699 | 405 | 4,055 | 1,903 | |||||||||||
| Net income | 5,643 | 1,398 | 14,180 | 5,146 | |||||||||||
| Net income attributable to non-controlling interest | 696 | 79 | 704 | 124 | |||||||||||
| Net income attributable to Strattec | $ | 4,947 | $ | 1,319 | $ | 13,476 | $ | 5,022 | |||||||
| Earnings per share attributable to Strattec | |||||||||||||||
| Basic | $ | 1.21 | $ | 0.33 | $ | 3.31 | $ | 1.25 | |||||||
| Diluted | $ | 1.20 | $ | 0.32 | $ | 3.26 | $ | 1.24 | |||||||
| Weighted average shares outstanding: | |||||||||||||||
| Basic | 4,080 | 4,035 | 4,067 | 4,020 | |||||||||||
| Diluted | 4,131 | 4,070 | 4,129 | 4,058 | |||||||||||
Strattec Security Corporation | |||||||
Consolidated Balance Sheets | |||||||
(Unaudited) | |||||||
(In thousands, except share amounts) | |||||||
December 28, | June 29, | ||||||
| ASSETS | |||||||
| Current Assets: | |||||||
| Cash and cash equivalents | $ | 99,027 | $ | 84,579 | |||
| Receivables, net | 89,217 | 102,061 | |||||
| Inventories, net | 71,934 | 64,701 | |||||
| Pre-production costs | 6,857 | 8,657 | |||||
| Value-added tax recoverable | 19,858 | 19,389 | |||||
| Other current assets | 6,374 | 10,676 | |||||
| Total current assets | 293,267 | 290,063 | |||||
| Noncurrent Assets: | |||||||
| Property, plant and equipment, net | 74,636 | 77,410 | |||||
| Deferred income taxes | 19,758 | 19,531 | |||||
| Other long-term assets | 4,584 | 4,450 | |||||
| Total Assets | $ | 392,245 | $ | 391,454 | |||
| LIABILITIES AND SHAREHOLDERS’ EQUITY | |||||||
| Current Liabilities: | |||||||
| Accounts payable | $ | 59,568 | $ | 65,824 | |||
| Accrued payroll and benefits | 15,709 | 22,956 | |||||
| Value-added tax payable | 12,732 | 11,933 | |||||
| Warranty reserve | 8,567 | 8,900 | |||||
| Current portion of borrowings under credit facilities | 2,500 | — | |||||
| Other current liabilities | 13,374 | 9,737 | |||||
| Total current liabilities | 112,450 | 119,350 | |||||
| Noncurrent Liabilities: | |||||||
| Noncurrent portion of borrowings under credit facilities | — | 8,000 | |||||
| Post-employment benefits | 12,806 | 13,325 | |||||
| Other noncurrent liabilities | 3,975 | 4,348 | |||||
| Total Liabilities | 129,231 | 145,023 | |||||
| Shareholders’ Equity: | |||||||
| Common stock, authorized 18,000,000 shares, $.01 par value, 7,699,083 issued shares at December 28, 2025 and 7,635,883 issued shares at June 29, 2025 | 77 | 76 | |||||
| Capital in excess of par value | 105,601 | 103,784 | |||||
| Retained earnings | 282,773 | 269,297 | |||||
| Accumulated other comprehensive loss | (14,935 | ) | (16,113 | ) | |||
| Less: treasury stock, at cost (3,615,268 shares at December 28, 2025 and 3,596,549 shares at June 29, 2025) | (136,718 | ) | (135,452 | ) | |||
| Total Strattec shareholders’ equity | 236,798 | 221,592 | |||||
| Non-controlling interest | 26,216 | 24,839 | |||||
| Total Shareholders' Equity | 263,014 | 246,431 | |||||
| Total Liabilities and Shareholders' Equity | $ | 392,245 | $ | 391,454 | |||
Strattec Security Corporation | |||||||||||||||
Consolidated Statements of Cash Flows | |||||||||||||||
(Unaudited) | |||||||||||||||
(In thousands) | |||||||||||||||
Three Months Ended | Six Months Ended | ||||||||||||||
December 28, | December 29, | December 28, | December 29, | ||||||||||||
| OPERATING ACTIVITIES: | |||||||||||||||
| Net income | $ | 5,643 | $ | 1,398 | $ | 14,180 | $ | 5,146 | |||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||||||||
| Depreciation | 3,893 | 3,544 | 7,678 | 7,206 | |||||||||||
| Foreign currency transaction loss (gain) | 463 | (188 | ) | 1,134 | (1,193 | ) | |||||||||
| Stock-based compensation expense | 1,125 | 891 | 1,794 | 1,079 | |||||||||||
| Unrealized (gain) loss on peso forward contracts | (79 | ) | 284 | (372 | ) | 936 | |||||||||
| Other, net | 227 | 269 | 543 | 816 | |||||||||||
| Change in operating assets and liabilities | |||||||||||||||
| Receivables | 13,468 | 10,568 | 12,894 | 7,379 | |||||||||||
| Inventories | (10,342 | ) | 2,283 | (7,233 | ) | 138 | |||||||||
| Prepaids and other assets | 2,845 | 1,963 | 6,649 | 7,844 | |||||||||||
| Accounts payable | (1,545 | ) | (9,026 | ) | (6,362 | ) | (3,990 | ) | |||||||
| Accrued liabilities | (1,817 | ) | (2,542 | ) | (5,697 | ) | (4,580 | ) | |||||||
| Net cash provided by operating activities | 13,881 | 9,444 | 25,208 | 20,781 | |||||||||||
| INVESTING ACTIVITIES: | |||||||||||||||
| Purchase of property, plant and equipment | (2,631 | ) | (917 | ) | (4,160 | ) | (2,990 | ) | |||||||
| Proceeds from sale of property, plant and equipment | 259 | — | 259 | — | |||||||||||
| Net cash used in investing activities | (2,372 | ) | (917 | ) | (3,901 | ) | (2,990 | ) | |||||||
| FINANCING ACTIVITIES: | |||||||||||||||
| Borrowings under credit facilities | — | — | — | 3,000 | |||||||||||
| Repayment of borrowings under credit facilities | (2,500 | ) | — | (5,500 | ) | (3,000 | ) | ||||||||
| Payment for debt issuance costs | (98 | ) | — | (98 | ) | — | |||||||||
| Payment for taxes withheld from stock-based awards | (355 | ) | — | (1,274 | ) | — | |||||||||
| Share issuances | 16 | 15 | 32 | 28 | |||||||||||
| Net cash (used in) provided by financing activities | (2,937 | ) | 15 | (6,840 | ) | 28 | |||||||||
| Foreign currency impact on cash | (18 | ) | (320 | ) | (19 | ) | (604 | ) | |||||||
| NET INCREASE IN CASH AND CASH EQUIVALENTS | 8,554 | 8,222 | 14,448 | 17,215 | |||||||||||
| CASH AND CASH EQUIVALENTS | |||||||||||||||
| Beginning of period | 90,473 | 34,403 | 84,579 | 25,410 | |||||||||||
| End of period | $ | 99,027 | $ | 42,625 | $ | 99,027 | $ | 42,625 | |||||||
| SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION: | |||||||||||||||
| Cash paid during the period for: | |||||||||||||||
| Income taxes | $ | 575 | $ | 4,458 | $ | 1,157 | $ | 8,539 | |||||||
| Interest | $ | 61 | $ | 279 | $ | 184 | $ | 559 | |||||||
| Non-cash investing activities: | |||||||||||||||
| Change in capital expenditures in accounts payable | $ | (13 | ) | $ | 56 | — | $ | (450 | ) | ||||||
Strattec Security Corporation | ||||||||||||||||||||||||||||||
Reconciliation of GAAP to Non-GAAP Financial Measures | ||||||||||||||||||||||||||||||
(in thousands, except per share amounts) | ||||||||||||||||||||||||||||||
Fiscal 2025 | Fiscal 2026 | |||||||||||||||||||||||||||||
Q1 | Q2 | Q3 | Q4 | Total | Q1 | Q2 | Q3 | Q4 | Total | |||||||||||||||||||||
| NET SALES: | ||||||||||||||||||||||||||||||
| Net Sales (GAAP) | 139,052 | 129,919 | 144,082 | 152,013 | $ | 565,066 | 152,399 | 137,534 | $ | 289,933 | ||||||||||||||||||||
| ADJUSTED EBITDA: | ||||||||||||||||||||||||||||||
| Net income attributable to Strattec (GAAP) | $ | 3,703 | $ | 1,319 | $ | 5,396 | $ | 8,267 | $ | 18,685 | $ | 8,529 | $ | 4,947 | $ | 13,476 | ||||||||||||||
| Net income (loss) attributable to non-controlling interest | 45 | 79 | 315 | (205 | ) | 234 | 8 | 696 | 704 | |||||||||||||||||||||
| Income tax expense | 1,498 | 405 | 1,644 | 2,170 | 5,717 | 2,356 | 1,699 | 4,055 | ||||||||||||||||||||||
| Other (income) expense, net | (129 | ) | 482 | 16 | (1,189 | ) | (820 | ) | 275 | (1,691 | ) | (1,416 | ) | |||||||||||||||||
| Interest income | (349 | ) | (408 | ) | (529 | ) | (753 | ) | (2,039 | ) | (877 | ) | (885 | ) | (1,762 | ) | ||||||||||||||
| Interest expense | 295 | 257 | 243 | 212 | 1,007 | 156 | 96 | 252 | ||||||||||||||||||||||
| Income from operations | 5,063 | 2,134 | 7,085 | 8,502 | 22,784 | 10,447 | 4,862 | - | - | 15,309 | ||||||||||||||||||||
| Adjustments: | ||||||||||||||||||||||||||||||
| Depreciation | 3,662 | 3,544 | 3,746 | 3,812 | $ | 14,764 | 3,785 | 3,893 | $ | 7,678 | ||||||||||||||||||||
| Non-cash stock-based compensation | 188 | 891 | 760 | 887 | 2,726 | 669 | 1,125 | 1,794 | ||||||||||||||||||||||
| Restructuring and similar charges | - | 265 | 809 | (676 | ) | 398 | - | 1,305 | 1,305 | |||||||||||||||||||||
| Executive transition costs | 941 | 921 | 214 | (17 | ) | 2,058 | 136 | 88 | 224 | |||||||||||||||||||||
| Business transformation costs | 74 | 215 | 259 | 479 | 1,027 | 514 | 994 | 1,508 | ||||||||||||||||||||||
4,865 | 5,836 | 5,788 | 4,485 | 20,974 | 5,104 | 7,405 | - | - | 12,509 | |||||||||||||||||||||
| Adjusted EBITDA (Non-GAAP) | $ | 9,928 | $ | 7,970 | $ | 12,873 | $ | 12,987 | $ | 43,758 | $ | 15,551 | $ | 12,267 | $ | - | $ | - | $ | 27,818 | ||||||||||
| Adjusted EBITDA as a % of Net Sales | 7.1 | % | 6.1 | % | 8.9 | % | 8.5 | % | 7.7 | % | 10.2 | % | 8.9 | % | 9.6 | % | ||||||||||||||
| ADJUSTED NET INCOME AND EARNINGS/(LOSS) PER SHARE: | ||||||||||||||||||||||||||||||
| Net income attributable to Strattec (GAAP) | $ | 3,703 | $ | 1,319 | $ | 5,396 | $ | 8,267 | $ | 18,685 | $ | 8,529 | $ | 4,947 | $ | 13,476 | ||||||||||||||
| Adjustments: | ||||||||||||||||||||||||||||||
| Restructuring and similar charges | - | 265 | 809 | (676 | ) | 398 | 570 | 1,165 | 1,735 | |||||||||||||||||||||
| Executive transition costs | 1,224 | 1,225 | 214 | 115 | 2,778 | 136 | 88 | 224 | ||||||||||||||||||||||
| Business transformation costs | 74 | 215 | 259 | 479 | 1,027 | 514 | 994 | 1,508 | ||||||||||||||||||||||
| Non-controlling interest impact on above adjustments | - | - | (160 | ) | 160 | - | (196 | ) | 190 | (6 | ) | |||||||||||||||||||
| Tax effect on above adjustments | (292 | ) | (384 | ) | (376 | ) | 107 | (945 | ) | (383 | ) | (335 | ) | (718 | ) | |||||||||||||||
1,006 | 1,321 | 746 | 185 | 3,258 | 641 | 2,102 | - | - | 2,743 | |||||||||||||||||||||
| Adjusted Net Income attributable to Strattec (Non-GAAP) | $ | 4,709 | $ | 2,640 | $ | 6,142 | $ | 8,452 | $ | 21,943 | $ | 9,170 | $ | 7,049 | $ | - | $ | - | $ | 16,219 | ||||||||||
| Weighted Average Basic Shares Outstanding | 4,005 | 4,035 | 4,039 | 4,039 | 4,030 | 4,054 | 4,080 | 4,067 | ||||||||||||||||||||||
| Weighted Average Diluted Shares Outstanding | 4,046 | 4,070 | 4,085 | 4,105 | 4,076 | 4,127 | 4,131 | 4,128 | ||||||||||||||||||||||
| Diluted earnings per share (GAAP) | $ | 0.92 | $ | 0.32 | $ | 1.32 | $ | 2.01 | $ | 4.58 | $ | 2.07 | $ | 1.20 | $ | 3.26 | ||||||||||||||
| Adjusted dilutive earnings per share (Non-GAAP) | $ | 1.16 | $ | 0.65 | $ | 1.50 | $ | 2.06 | $ | 5.38 | $ | 2.22 | $ | 1.71 | $ | 3.93 | ||||||||||||||
View source version on businesswire.com: https://www.businesswire.com/news/home/20260205914494/en/
Deborah K. Pawlowski, IRC
Alliance Advisors IR
Phone: 716-843-3908
Email: dpawlowski@allianceadvisors.com
FAQ**
How is STRATTEC SECURITY CORPORATION STRT planning to address the expected softness in the U.S. automotive production market in the second half of fiscal 2026?
Can STRATTEC SECURITY CORPORATION STRT provide more details on the expected $3.4 million in annual savings from recent restructuring actions?
What specific product innovations is STRATTEC SECURITY CORPORATION STRT investing in to enhance its competitive position in vehicle access solutions?
How does STRATTEC SECURITY CORPORATION STRT plan to mitigate foreign exchange headwinds that impacted gross margins this quarter?
**MWN-AI FAQ is based on asking OpenAI questions about STRATTEC SECURITY CORPORATION (NASDAQ: STRT).
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