Here are the 10-K annual reports from Strattec Security Corp (STRT) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-K covers the audited annual report, with the full financial statements, so if you follow STRT and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full STRT filings page.
STRATTEC SECURITY CORPORATION (STRT) reports a solid fiscal 2026, advancing a multi‑year business transformation while operating in a cyclical, trade‑sensitive automotive market. Net sales were $579.4 million, up 3% from fiscal 2025, driven by pricing actions, including tariff surcharges, and modest volume growth despite cancellations of certain EV programs.
Gross profit rose to $95.4 million with gross margin improving to 16.5% from 15.0%, reflecting restructuring savings and operational initiatives, partly offset by Mexican peso headwinds. Net income attributable to STRATTEC increased 10% to $20.6 million, or $5.00 per diluted share. Operating cash flow was $46.3 million, enabling full debt repayment and share repurchases.
STRATTEC ended the year with $108.2 million in cash and access to two undrawn revolving credit facilities totaling $50 million. A new $40 million share repurchase authorization was approved in May 2026. The company highlights customer concentration with General Motors, Ford, and Stellantis representing 27%, 21%, and 16% of sales, respectively, and outlines extensive risk factors spanning automotive cyclicality, trade and FX exposure, supply chain, labor, cybersecurity, and regulatory matters.
Strattec Security Corp. discloses risks tied to the automotive cycle, inflation, supply chain and labor pressures, potential tariff and trade policy changes, semiconductor shortages, cybersecurity interruptions, and customer warranty or recall actions that could harm operations and financial condition. The filing notes 7,635,883 issued shares at June 29, 2025 (7,586,920 at June 30, 2024).
The company has a $20 million secured revolving credit facility (guaranteed by Strattec) with BMO Harris Bank N.A., with availability reduced to $18 million on August 1, 2025 and both facilities expiring August 1, 2026, secured by U.S. cash, receivables, inventory and fixed assets. A supplemental executive retirement plan obligation was $1.6 million at June 29, 2025, and the company holds assets in a Rabbi Trust valued at $1.6 million related to that obligation. Management concluded its internal control over financial reporting was effective as of June 29, 2025, and Deloitte & Touche LLP issued an attestation report.