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Strattec Security Corp - $STRT STOCK NEWS

Welcome to our dedicated page for Strattec Security news (Ticker: $STRT), a resource for investors and traders seeking the latest updates and insights on Strattec Security stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Strattec Security's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Strattec Security's position in the market.

Rhea-AI Summary
STRATTEC SECURITY CORPORATION (NASDAQ:STRT) reported a significant improvement in earnings per share, with a $0.26 gain compared to a $0.47 loss in the previous year. Revenues increased by 4.7%, driven by pricing increases with major customers, and gross margins expanded to 11.4% compared with 6.5% last year. However, net income was $1.0 million compared to a loss of $1.8 million last year, and cash flow provided by operations was negative $3.0 million for the second quarter of fiscal 2024.
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End-of-Day
8.84%
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Rhea-AI Summary
STRATTEC SECURITY CORPORATION (NASDAQ:STRT) announced the retirement of Frank J. Krejci, President and CEO, effective December 31, 2023. Rolando Guillot, Senior VP and COO, will serve as Interim CEO from January 1, 2024. A formal search for a successor is underway. The Board of Directors expressed confidence in Mr. Guillot's leadership abilities.
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-0.78%
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Rhea-AI Summary
STRATTEC Security Corporation reports operating results for the fiscal first quarter, with net sales of $135.4 million, compared to $120.4 million in the prior year. Net income for the current year quarter was $4.2 million, compared to $125,000 in the prior year quarter. Diluted earnings per share for the current year quarter were $1.05, compared to $0.03 in the prior year quarter.
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0.04%
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2.37%
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0.78%
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-12.82%
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-2.12%
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Strattec Security Corp

Nasdaq:STRT

STRT Rankings

STRT Stock Data

87.62M
3.78M
6.59%
70.36%
0.09%
Motor Vehicle Gasoline Engine and Engine Parts Manufacturing
Manufacturing
Link
United States of America
MILWAUKEE

About STRT

strattec security corporation, headquartered in milwaukee, wisconsin, is one of the world's largest producer of automotive locks and keys. strattec designs, develops, manufactures and markets mechanical locks, electronically enhanced locks and keys, and ignition lock housings; access control products, including latches, power sliding door systems, power lift gate systems, power deck lid systems, door handles and related access control products for north american and global automotive customers. strattec ships products to customer locations in the united states, canada, mexico, europe, south america, korea and china, and provides full service aftermarket support. strattec also supplies products for the heavy truck and recreational vehicle markets, as well as precision die castings. strattec's mission is to provide the highest value mechanical, electro-mechanical and electronic security/access control products for the global motor vehicle industry. we will do so in a manner which ensures