Strattec Sec Stock Price, News & Analysis

STRATTEC SECURITY CORPORATION (NASDAQ: STRT), a provider of smart vehicle access and security solutions for the automotive industry, has announced its participation in the upcoming East Coast IDEAS Investor Conference. Jennifer Slater, President & CEO, and Matthew Pauli, CFO, will present at the conference on June 11, 2025, at 9:15 a.m. Eastern Time in New York, NY. The presentation will be available via live audio webcast with accompanying slides on STRT's Investor Relations website, with an archived version accessible after the event.

STRATTEC Security Corporation (NASDAQ: STRT) reported strong financial results for Q3 FY2025. The company generated $20.7 million in cash from operations and achieved net income of $5.4 million ($1.32 per diluted share), compared to $1.5 million ($0.37 per diluted share) in the previous year. Net sales increased by 2.4% to $144.1 million, driven by price increases and favorable product mix.

The company's adjusted EBITDA reached $12.9 million (8.9% of sales), up from $6.2 million (4.4%) year-over-year. STRATTEC maintains a strong balance sheet with $62.1 million in cash and no outstanding borrowings under its $40 million credit facility. The company implemented restructuring actions in Mexico and Milwaukee operations, expecting to generate approximately $5 million in annual cost savings by Q1 FY2026. However, recent tariff changes are estimated to impact the company with $9-12 million in incremental costs annually.

STRATTEC (Nasdaq: STRT), a leading provider of smart vehicle access, security and authorization solutions for the global automotive industry, has scheduled its third quarter fiscal year 2025 earnings release and conference call. The company will release financial results for the period ended March 30, 2025, after market close on Thursday, May 8, 2025.

The earnings conference call and webcast will be held on Friday, May 9, 2025, at 9:00 a.m. Eastern Time. A Q&A session will follow the presentation. Investors can access the call via phone at (201) 689-8470 or through the webcast on investors.strattec.com. A replay will be available until May 23, 2025, by dialing (412) 317-6671 with PIN 13752650.

STRATTEC SECURITY (NASDAQ: STRT), a global automotive industry leader in smart vehicle access, security and authorization solutions, has announced its participation in the upcoming LD Micro Invitational XV in New York, NY.

The company's presentation is scheduled for Thursday, April 10, 2025, at 9:30 a.m. Eastern Time. Jennifer Slater, President & CEO, and Matthew Pauli, Chief Financial Officer, will lead the presentation and conduct investor meetings during the event.

Investors and interested parties can access the live audio webcast and accompanying slides through STRT Investor Relations website. An archived version of the presentation will also be made available on the same platform after the conference.

STRATTEC Security (STRT) reported strong financial results for Q2 FY2025. Revenue increased by $11.4 million to $129.9 million, driven by new program launches and increased customer demand. Net income reached $1.3 million, with diluted EPS of $0.32, up from $0.26 year-over-year.

The company generated $9.4 million in cash from operations, bringing year-to-date operating cash flow to $20.8 million. Adjusted EBITDA was $8.0 million (6.1% of sales), compared to $5.0 million (4.3%) in the prior year. The company implemented cost optimization measures, including restructuring U.S. manufacturing operations, expected to generate $1.2 million in annual savings.

As of December 29, 2024, STRATTEC had $42.6 million in cash and cash equivalents, with $13 million in outstanding borrowings and $47 million available under credit lines.

STRATTEC SECURITY (Nasdaq: STRT), a leading provider of smart vehicle power access, security & authorization solutions for the global automotive industry, has scheduled its second quarter fiscal year 2025 financial results announcement. The company will release its results after market close on Thursday, February 6, 2025, followed by a conference call and webcast on Friday, February 7, 2025 at 9:00 a.m. Eastern Time.

The conference call will include a question-and-answer session and can be accessed at (201) 689-8470. A webcast with accompanying slides will be available on investors.strattec.com. A telephonic replay will be accessible until February 21, 2025, by dialing (412) 317-6671 with PIN 13751178. The webcast replay and transcript will be posted on the company's Investor Relations website.

STRATTEC SECURITY (Nasdaq: STRT) announced plans to list its Milwaukee facility for sale as part of its operational modernization strategy. The company will evaluate opportunities for upgraded manufacturing and office spaces in the Milwaukee area. In Q1 2025, STRATTEC will reduce operations from three shifts to two at its Milwaukee location, resulting in approximately 20 direct labor role eliminations. The company will also transition to a 10-hour, 4-day work week from the current 8-hour, 5-day schedule, a change welcomed by the manufacturing team. The facility evaluation process is expected to take several months to complete.

STRATTEC SECURITY (Nasdaq: STRT) has appointed Matthew Pauli as Senior Vice President and Chief Financial Officer, effective November 13, 2024. Pauli succeeds Dennis Bowe, who will continue in an advisory role during the transition. Pauli brings over 20 years of financial management experience, most recently serving as Executive Advisor and CFO of CentroMotion. The appointment aligns with STRATTEC's ongoing transformation, focusing on operational change, data analytics, and information systems. CEO Jennifer Slater emphasized the need for operational financial proficiency to achieve more predictable financial outcomes and drive cash generation.

STRATTEC SECURITY reported financial results for Q1 FY2025, showing revenue growth of 2.7% year-over-year to $139.1 million. The company generated $11.3 million in cash from operations and reduced pre-production costs by $6.9 million. Gross margin was 13.6% compared to 13.8% in the prior year. Net income attributable to STRATTEC was $3.7 million with diluted earnings per share of $0.92. Sales increases were noted in Hyundai/Kia and Ford segments, while Stellantis sales declined due to inventory destocking. The company appointed new chief people and commercial officers as part of its business model restructuring efforts.