STRATTEC SECURITY

STRATTEC Security Corp. engages in the designing, development, manufacturing and marketing of automotive access control products. Its products include mechanical and electronically enhanced locks and keys, steering column and instrument panel ignition lock housings, latches, power sliding side doors, power lift gates, power deck lids, and door handles. The firm also offers zinc die casting, metal stamping, and metal plating. The company was founded in 1995 and is headquartered in Milwaukee, WI.

Earnings data Q3 2021

Earnings data Q4 2021

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Earnings data Q3 2023

Earnings data Q4 2023

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Investors are loading up on small-cap stocks and other growth stocks as the light at the end of the tunnel brightens. The Federal Reserve is signaling that peak rates may already have arrived.

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MILWAUKEE, Nov. 13, 2023 (GLOBE NEWSWIRE) -- STRATTEC SECURITY CORPORATION (NASDAQ:STRT) (“STRATTEC” or the “Company”), today announced that Frank J. Krejci, President and Chief Executive Officer, will retire from employment with the Company effective December 31, 2023. He will also retire from the Company's Board of Directors on December 31st.

STRATTEC SECURITY CORPORATION Announces CEO Transition Plan

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Strattec Security (STRT) came out with quarterly earnings of $1.05 per share, beating the Zacks Consensus Estimate of a loss of $0.25 per share. This compares to earnings of $0.03 per share a year ago.

Strattec Security (STRT) Q1 Earnings and Revenues Beat Estimates

MILWAUKEE, Wis., Oct. 26, 2023 (GLOBE NEWSWIRE) -- STRATTEC SECURITY CORPORATION (“STRATTEC” or the “Company”) (NASDAQ:STRT) today reported operating results for the fiscal first quarter ended October 1, 2023.

STRATTEC SECURITY CORPORATION Reports Fiscal 2024 First Quarter Operating Results

Strattec Security (STRT) came out with quarterly earnings of $0.50 per share, beating the Zacks Consensus Estimate of a loss of $0.20 per share. This compares to earnings of $0.10 per share a year ago.

Strattec Security (STRT) Q4 Earnings and Revenues Surpass Estimates

MILWAUKEE, Aug. 10, 2023 (GLOBE NEWSWIRE) -- STRATTEC SECURITY CORPORATION (“STRATTEC” or the “Company”) (NASDAQ:STRT) today reported operating results for the fiscal fourth quarter ended July 2, 2023. Despite higher net sales, the comparative current year fourth quarter operating profit results were lower than the results in the same period for the prior year due to higher manufacturing input costs and a stronger Mexican Peso against the U.S. dollar, which was partially offset by lower engineering costs associated with a customer reimbursement of engineering development costs.

STRATTEC SECURITY CORPORATION Reports Fiscal 2023 Fourth Quarter and Full Year Operating Results

Strattec Security Corporation is seen as a compelling investment opportunity due to the recent sale of its 1/3rd interest in VAST LLC, activist investor involvement, and securing new contracts with original equipment manufacturers. Strattec's strong balance sheet, low debt, and significant owned asset base, along with a compelling valuation, make it well-positioned to navigate a challenging environment. Despite recent challenges due to inflationary supply chain constraints and fixed-price contracts, Strattec is expected to rebound with improved margins, higher volumes, and lower costs.

Strattec: Transformational Deal, Activist Involvement Unlocking Hidden Value

MILWAUKEE, Wis., June 30, 2023 (GLOBE NEWSWIRE) -- STRATTEC SECURITY CORPORATION (“STRATTEC” or the “Company”) (NASDAQ:STRT) today announced that it has entered into and subsequently completed the transactions contemplated by an Equity Restructuring Agreement (Restructuring Agreement) between the Company and WITTE Automotive GmbH (WITTE) related to both the Company's Vehicle Access Systems Technologies LLC (VAST LLC) joint venture and its STRATTEC Power Access LLC (SPA) joint venture. STRATTEC and WITTE closed on the transactions in the Restructuring Agreement effective as of June 30, 2023. Prior to the closing of the Restructuring Agreement, STRATTEC was a one-third owner of the VAST LLC joint venture with WITTE and ADAC Plastics, Inc. Under the terms of the Restructuring Agreement, STRATTEC agreed to sell to WITTE its one-third interest in VAST LLC for a net purchase price of $18,500,000 (subject to adjustments for any required tax obligations, transaction expenses and fees incurred by the Company under the Restructuring Agreement) plus STRATTEC received ownership of: (1) WITTE's 20% minority interest in STRATTEC Power Access LLC (SPA), a Delaware limited liability company formed in the Company's 2009 fiscal year to supply the North American portion of the Power Sliding Doors, Liftgates, Tailgates, Deck Lids and other Access Control System products which were acquired from Delphi Corporation in 2009; and (2) the net assets of VAST LLC's Korea branch office, which business will be operated by a newly registered Korea branch of the Company, following the closing of the Restructuring Agreement.

STRATTEC SECURITY CORPORATION Vehicle Access Systems Technology LLC (VAST) and STRATTEC Power Access LLC (SPA) Equity Restructuring Agreement

Strattec Security (STRT) came out with a quarterly loss of $0.57 per share versus the Zacks Consensus Estimate of a loss of $0.23. This compares to earnings of $0.80 per share a year ago.

Strattec Security (STRT) Reports Q3 Loss, Tops Revenue Estimates

MILWAUKEE, April 27, 2023 (GLOBE NEWSWIRE) -- STRATTEC SECURITY CORPORATION (“STRATTEC” or the “Company”) (NASDAQ:STRT) today reported operating results for the fiscal third quarter ended April 2, 2023.

STRATTEC SECURITY CORPORATION Reports Fiscal 2023 Third Quarter Operating Results

Net sales are expected to recover by 2024. Profit margins are depressed as a result of inflationary pressures.

Strattec Security: Balance Sheet Strength An Advantage Amid Current And Potential Headwinds

Strattec Security (STRT) delivered earnings and revenue surprises of -1,040% and 6.45%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

Strattec Security (STRT) Reports Q2 Loss, Lags Revenue Estimates

MILWAUKEE, Feb. 02, 2023 (GLOBE NEWSWIRE) -- STRATTEC SECURITY CORPORATION (“STRATTEC” or the “Company”) (NASDAQ:STRT) today reported operating results for the fiscal second quarter ended January 1, 2023.

Strattec Security Corporation Reports Fiscal 2023 Second Quarter Operating Results

Strattec Security (STRT) delivered earnings and revenue surprises of -90.91% and 1.67%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

Strattec Security (STRT) Lags Q1 Earnings and Revenue Estimates

MILWAUKEE, Oct. 27, 2022 (GLOBE NEWSWIRE) -- STRATTEC SECURITY CORPORATION (“STRATTEC” or the “Company”) (NASDAQ:STRT) today reported operating results for the fiscal first quarter ended October 2, 2022.

STRATTEC SECURITY CORPORATION Reports Fiscal 2023 First Quarter Operating Results

Strattec Security is a small and volatile firm, the latter applying especially to its profits and cash flows over time. The future is uncertain, with a semiconductor shortage likely to cause further pain, but this doesn't mean investors should stay away.

Strattec Security: A Key Prospect For Your Portfolio

Strattec Security (STRT) delivered earnings and revenue surprises of -87.65% and 5.77%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

Strattec Security (STRT) Q4 Earnings Miss Estimates

MILWAUKEE, Wis., Aug. 11, 2022 (GLOBE NEWSWIRE) -- STRATTEC SECURITY CORPORATION (NASDAQ:STRT) today reported operating results for the fiscal fourth quarter and full year ended July 3, 2022. The comparative current year fourth quarter operating results were negatively impacted by higher costs for raw materials and purchased components in our manufacturing operations, reductions in output at some of our OEM customers' assembly plants and the COVID-19 virus that temporarily shut down our VAST China operations which is further described in this press release.

STRATTEC SECURITY CORPORATION Reports Fiscal 2022 Fourth Quarter and Full Year Operating Results

Strattec Security (STRT) delivered earnings and revenue surprises of -6.98% and 0.57%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?

Strattec Security (STRT) Q3 Earnings and Revenues Miss Estimates

Strattec Security (STRT) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Analysts Estimate Strattec Security (STRT) to Report a Decline in Earnings: What to Look Out for

MILWAUKEE, Wis., April 21, 2022 (GLOBE NEWSWIRE) -- STRATTEC SECURITY CORPORATION (NASDAQ:STRT) today reported operating results for the fiscal third quarter ended March 27, 2022.

STRATTEC SECURITY CORPORATION Reports Fiscal 2022 Third Quarter Operating Results

MILWAUKEE, Feb. 08, 2022 (GLOBE NEWSWIRE) -- STRATTEC SECURITY CORPORATION (“STRATTEC” or the “Company”) (NASDAQ:STRT)

STRATTEC SECURITY CORPORATION Announces That Tina Chang Has Joined the Company's Board of Directors

Strattec Security (STRT) delivered earnings and revenue surprises of 50% and 0.56%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?

News for STRATTEC SECURITY Stock (STRT)