STRATTEC SECURITY CORP (STRT) Form 10-Q — May 8, 2026
Strattec Security Corporation reported net sales of $137.6 million for the third quarter of fiscal 2026, a decrease of 4.5% compared to $144.1 million in the prior year period. This decline was primarily due to lower OEM production volumes and the cancellation of certain customer programs. Gross profit for the third quarter was $22.7 million, a slight decrease from $23.1 million in the prior year. Despite lower volumes and unfavorable foreign currency impacts, gross margin improved from 16.0% to 16.5%, driven by cost reduction initiatives and productivity improvements.
Key figures
- Eps
- 0.79
- Eps Beat
- 0
- Revenue
- 137632
- Net Income
- 3825
- Total Debt
- 0
- Debt Amount
- 0
- Total Assets
- 399547
- Cash Position
- 106957
- Deal Value Usd
- 0
- Interest Rate
- 0
- Gross Proceeds
- 0
- Offering Price
- 0
- Shares Offered
- 0
- Shares Outstanding
- 4178799
Price after filing
Close on the filing date to close N calendar days later (from $62.45). Historical, not a forecast.
AI analysis
The rest of the AI analysis, red flags and sentiment are part of Signal8 Pro.
AI-generated analysis of a public disclosure. Not investment advice; verify against the original document.