Strattec posts Q1 FY2027 results with strong cash balance and margin guidance
Strattec Security reported fiscal Q1 2027 net sales of $147.2 million, a 3.4% year‑over‑year decline, and net income of $4.8 million ($1.19 per share). The company generated $10.8 million of operating cash flow, ended the quarter with $111.8 million in cash and no debt, and repurchased about 68,000 shares for $5 million. Management highlighted a gross margin of 16.5% and reiterated a full‑year target of 15‑16% gross margin plus $40 million of operating cash flow.
Why it matters
The strong cash position and share‑repurchase program give shareholders immediate return, while the margin and cash‑flow guidance set expectations for profitability in FY 2027 (the company expects 15‑16% gross margin and $40 million operating cash flow). However, the sales decline signals ongoing demand pressure in the automotive market.
Key facts
- 1Quarter‑end cash balance was $111.8 million with no debt. stocktitan.net
- 2Net sales were $147.2 million, down 3.4% YoY. finance.yahoo.com
- 3Net income was $4.8 million, or $1.19 per diluted share. stocktitan.net
- 4Adjusted EBITDA was $13.5 million. stocktitan.net
- 5Operating cash flow for the quarter was $10.8 million. finance.yahoo.com
- 6The company repurchased approximately 68,000 shares for $5 million. finance.yahoo.com
Summary written by AlphAI AI Desk from 6 of 6 sources. Not investment advice. Figures are as stated by the linked sources.