Strattec Transformation Delivers Margin Improvement and Strong Cash Generation in Fiscal 2026

Strattec (STRT) reported fiscal 2026 net sales of $579.4M, up 2.5%, with Q4 sales at $151.8M. Gross margin expanded to 16.5%, and adjusted EPS was $2.06. The company faced a $10M EV program revenue headwind but offset it with pricing benefits. Cash increased to $108.2M, with no debt. For 2027, management expects a 2% production decline and plans $12M in capex. Share repurchases totaled $7.4M in Q4, with $40M authorized for future buybacks. Risks include softer industry production and foreign cur

Strattec Security (STRT) reported flat sales but expanded gross margin to 16.5% due to pricing and restructuring savings. Adjusted EPS increased to $6.88, and net income grew 10%. The company reduced headcount by 21%, automated workstations, and upgraded technology systems. Strattec plans further transformation, share repurchases, and potential acquisitions, with cash deployment priorities including organic growth and debt repayment.

Strattec Security Corporation reported record annual revenue of $579.4 million for 2026, driven by pricing, cost actions, and operational improvements. The company reorganized its product portfolio and realized $6 million in restructuring savings, expanding gross margin to 16.5%. Strattec anticipates a challenging 2027 with a 2% decline in North American production and targets long-term gross margins of 18% to 20%. The company maintains a debt-free balance sheet with $108.2 million in cash and p

Strattec Security Corp (STRT) reported Q4 2026 earnings with record revenue but expects softer industry production in fiscal 2027, with North American production down ~2% and a ~6% decline at its three largest customers. Foreign exchange headwinds, particularly the Mexican peso, could pressure gross margins by ~100 basis points. Q4 gross margin declined to 15.6% from 16.7% in the prior year. The company aims to offset headwinds through pricing and continuous improvement actions, maintaining a lo

Strattec Security reported Q4 gross profit of $23.6M, down from $25.4M YoY, with net income at $3.9M ($0.95 per share) vs. $8.3M ($2.01 per share) prior year. Adjusted net income was $8.4M ($2.06 per share), unchanged YoY. Full-year sales rose 2.5% to $565.1M, with adjusted EBITDA up 15% to $50.5M. The company authorized a $40M share repurchase program and expects fiscal 2027 challenges, including a 2% NA production decline and FX headwinds.

Strattec Security Corp. (STRT) reported fiscal Q4 earnings of $3.9M, or 95 cents per share, with adjusted EPS of $2.06. Revenue was $151.8M. For the year, profit was $20.6M, or $5 per share, on revenue of $579.4M.