Strattec Security Corporation designs, develops, manufactures, and markets automotive access control products under the VAST Automotive Group brand primarily in North America. The company offers mechanical and electronically enhanced locks and keys, passive entry passive start systems, steering column and instrument panel ignition lock housings, latches, power sliding side door systems, power tailgate and lift gate systems, power deck lid systems, door handles, and related products. It also provides full service and aftermarket support services for its products. The company markets its products to automotive and light truck original equipment manufacturers, as well as other transportation-related manufacturers; and through wholesale distributors, other marketers, and users of component parts, as well as certain products to non-automotive commercial customers. It also exports its products to Europe, South America, Korea, China, and India. Strattec Security Corporation was founded in 1908 and is headquartered in Milwaukee, Wisconsin.
IPO Year:
Exchange: NASDAQ
Website: strattec.com
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Dennis Bowe to continue in advisory role to support transition STRATTEC SECURITY CORPORATION (NASDAQ:STRT) ("STRATTEC" or "Company"), a leading provider of smart vehicle power access, security & authorization solutions for the global automotive industry, today announced the Board of Directors of STRATTEC has appointed Matthew Pauli as Senior Vice President, Chief Financial Officer effective November 13, 2024. He will succeed Dennis Bowe, who will be continuing with the Company in an advisory role to aid in the transition. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241111337953/en/The Board of Directors of STRATTEC has appo
STRATTEC SECURITY CORPORATION (NASDAQ:STRT) ("STRATTEC" or "Company"), a leading provider of smart vehicle power access, security & authorization solutions for the global automotive industry, today announced the appointment of Chey Becker-Varto as Chief Commercial Officer and Linda Redmann as Chief People Officer, a newly created position. Both officers will report to CEO Jennifer L. Slater effective November 11, 2024. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241104708510/en/Chey Becker-Varto appointed as Chief Commercial Officer (Photo: Business Wire) Jennifer Slater, STRATTEC President and CEO, noted, "As we work to trans
MILWAUKEE, June 14, 2024 (GLOBE NEWSWIRE) -- The Board of Directors ("Board") of STRATTEC SECURITY CORPORATION (NASDAQ:STRT) (the "Company") is proud to announce the appointment of Jennifer L. Slater as the Company's President and Chief Executive Officer and Board member, each effective July 1, 2024. Slater is a senior executive at Sensata Technologies, Inc. with over 25 years of experience as a leader and a manager. Her experience includes general management, engineering, finance, sales and strategy. She has delivered results for owners across a diverse set of enterprises that include publicly traded companies, privately held firms, and private equity owners. Board Chair, F. Jack Liebau,
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. Mr. Krejci became a member of STRATTEC's inaugural Board of Directors in 1995 and has been a valued Board member for over 28 years. He became an Officer of STRATTEC in 2010, serving as President, and has served as President and Chief Executive Officer since September 1, 2012. Rolando Guillot, Senior Vice President – Operations and Chief Operating
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Generated cash from operations of $11.3 million Reduced pre-production costs, primarily customer tooling, by $6.9 million Grew revenue 2.7% year-over-year, reflecting ongoing pricing benefit and higher overall sales Achieved gross margin of 13.6% versus 13.8% in prior-year period (which included a 470 bps net benefit of one-time pricing) Rethinking product portfolio and identifying opportunities to optimize operational footprint and improve profitability STRATTEC SECURITY CORPORATION (NASDAQ:STRT) ("Company"), a leading provider of smart vehicle access, security and authorization solutions for the global automotive industry, reported financial results for its first quarter of fis
STRATTEC SECURITY CORPORATION (NASDAQ:STRT) ("STRATTEC" or "Company"), a leading provider of smart vehicle power access, security & authorization solutions for the global automotive industry, today announced that it will release its first quarter fiscal year 2025 results after the close of financial markets on Monday, November 4, 2024. The Company will host a conference call and webcast that day to review the financial and operating results for the period ended September 29, 2024. A question-and-answer session will follow. First Quarter Fiscal Year 2025 Conference Call Date: Monday, November 4, 2024 Time: 4:45 p.m. Eastern Time Phone: (201) 689-8470
MILWAUKEE, Aug. 08, 2024 (GLOBE NEWSWIRE) -- STRATTEC SECURITY CORPORATION (NASDAQ:STRT) is a market leader of a comprehensive range of "Smart" Vehicle Power Access and Electronic and Security Solutions, serving the global automotive industry. Fourth Quarter Fiscal 2024 Financial Highlights Diluted earnings per share of $2.39 versus $0.69 loss last yearGross Margins expanded to 13.0% compared with 9.3% last yearRevenues increased by 8.2%, driven by pricing increases and new product sales STRATTEC President and CEO Jennifer Slater said, "The financial performance of the business continued due to improved pricing, and new product introductions which are expanding STRATTEC's offerings to o
MILWAUKEE, May 09, 2024 (GLOBE NEWSWIRE) -- STRATTEC SECURITY CORPORATION (NASDAQ:STRT) is a market leader of a comprehensive range of "Smart" Vehicle Power Access and Electronic and Security Solutions, serving the global automotive industry. Third Quarter Fiscal 2024 Financial Highlights Diluted earnings per share of $0.37 versus $0.57 loss last yearGross Margins expanded to 10.4% compared with 7.9% last yearRevenues increased by 10.7%, driven by pricing increases and new product sales STRATTEC Interim CEO Rolando Guillot said, "This quarter we continued to make progress on our financial performance due to improved pricing and new product introductions that are expand
MILWAUKEE, Wis., Feb. 08, 2024 (GLOBE NEWSWIRE) -- STRATTEC SECURITY CORPORATION (NASDAQ:STRT) is a market leader of a comprehensive range of "Smart" Vehicle Power Access and Electronic and Security Solutions, serving the global automotive industry. Second Quarter Fiscal 2024 Financial Highlights Diluted earnings per share of $0.26 versus $0.47 loss last yearGross Margins expanded to 11.4% compared with 6.5% last yearRevenues increased by 4.7%, driven by pricing increases with major customers STRATTEC Interim CEO Rolando Guillot said, "This quarter demonstrated the progress we are making in improving our financial performance. It also highlighted opportunities to optimize our working ca
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. Net sales for the first quarter ended October 1, 2023 were $135.4 million, compared to net sales of $120.4 million for the first quarter ended October 2, 2022. Net income was $4.2 million in the current year first quarter, compared to net income of $125,000 in the prior year first quarter. Diluted earnings per share for the current year quarter were $1.05 and for the prior year first quarter were $0.03. Net sales to each of our customers in the current year quarter and prior year q
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. Fourth Quarter OverviewNet sales for the fourth quarter ended July 2, 2023 were $132.2 million, compared to net
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. Net sales for the third quarter ended April 2, 2023 were $127.2 million, compared to net sales of $115.9 million for the third quarter ended March 27, 2022. Net loss was $2.3 million in the current year third quarter, compared to net income of $3.1 million in the prior year third quarter. Diluted loss per share for the current year third quarter was $0.57 compared to diluted earnings per share of $0.80 in the prior year third quarter. For the nine months ended April 2, 2023, the Company's
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. Net sales for the second quarter ended January 1, 2023 were $113.2 million, compared to net sales of $112.9 million for the second quarter ended December 26, 2021. Net loss was $1.8 million in the current year second quarter, compared to net income of $3.4 million in the prior year second quarter. Diluted loss per share for the current year second quarter was $0.47 compared to diluted earnings per share of $0.87 in the prior year second quarter. For the six months ended January 1, 2023,
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. First QuarterNet sales for the first quarter ended October 2, 2022 were $120.4 million, compared to net sales of $100.3 million for the first quarter ended September 26, 2021. Net income was $128,000 in the current year first quarter, compared to net income of $101,000 in the prior year first quarter. Diluted earnings per share for the current year quarter and during the prior year first quarter were $0.03. Despite current year quarter net sales growth of 20% driven by improvement in sem
Dennis Bowe to continue in advisory role to support transition STRATTEC SECURITY CORPORATION (NASDAQ:STRT) ("STRATTEC" or "Company"), a leading provider of smart vehicle power access, security & authorization solutions for the global automotive industry, today announced the Board of Directors of STRATTEC has appointed Matthew Pauli as Senior Vice President, Chief Financial Officer effective November 13, 2024. He will succeed Dennis Bowe, who will be continuing with the Company in an advisory role to aid in the transition. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241111337953/en/The Board of Directors of STRATTEC has appo
Generated cash from operations of $11.3 million Reduced pre-production costs, primarily customer tooling, by $6.9 million Grew revenue 2.7% year-over-year, reflecting ongoing pricing benefit and higher overall sales Achieved gross margin of 13.6% versus 13.8% in prior-year period (which included a 470 bps net benefit of one-time pricing) Rethinking product portfolio and identifying opportunities to optimize operational footprint and improve profitability STRATTEC SECURITY CORPORATION (NASDAQ:STRT) ("Company"), a leading provider of smart vehicle access, security and authorization solutions for the global automotive industry, reported financial results for its first quarter of fis
STRATTEC SECURITY CORPORATION (NASDAQ:STRT) ("STRATTEC" or "Company"), a leading provider of smart vehicle power access, security & authorization solutions for the global automotive industry, today announced the appointment of Chey Becker-Varto as Chief Commercial Officer and Linda Redmann as Chief People Officer, a newly created position. Both officers will report to CEO Jennifer L. Slater effective November 11, 2024. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241104708510/en/Chey Becker-Varto appointed as Chief Commercial Officer (Photo: Business Wire) Jennifer Slater, STRATTEC President and CEO, noted, "As we work to trans
GREENWICH, Conn., Oct. 29, 2024 (GLOBE NEWSWIRE) -- Gabelli Funds will host its 48th Annual Automotive Symposium on November 4th and 5th, 2024 at the Encore at Wynn in Las Vegas, Nevada. This two-day symposium will feature presentations by senior managements of leading automotive and trucking companies, with a lineup that enables investors to understand ever-changing dynamics within the automotive industry. Presenting attendees, which include original equipment suppliers, automotive retailers, aftermarket service participants and next-gen tech companies driving vehicle electrification will provide a "cradle to grave" look at the automotive ecosystem and help investors understand "What's N
STRATTEC SECURITY CORPORATION (NASDAQ:STRT) ("STRATTEC" or "Company"), a leading provider of smart vehicle power access, security & authorization solutions for the global automotive industry, today announced it will participate at the 48th Annual Gabelli Automotive Symposium being held on November 4 and 5, 2024 in Las Vegas, NV. Jennifer L. Slater, President and Chief Executive Officer, and Dennis P. Bowe, Chief Financial Officer, will present on Tuesday, November 5th at 8:30 am PT. Management will host investor meetings on the same day. A webcast of management's presentation will be available live and via replay in the investor relations section of the company's website at investors.stra
GREENWICH, Conn., Oct. 22, 2024 (GLOBE NEWSWIRE) -- Gabelli Funds will host its 48th Annual Automotive Symposium on November 4th and 5th, 2024 at the Encore at Wynn in Las Vegas, Nevada. This two-day symposium will feature presentations by senior managements of leading automotive and trucking companies, with a lineup that enables investors to understand ever-changing dynamics within the automotive industry. Presenting attendees, which include original equipment suppliers, automotive retailers, aftermarket service participants and next-gen tech companies driving vehicle electrification will provide a "cradle to grave" look at the automotive ecosystem and help investors understand "What's N
STRATTEC SECURITY CORPORATION (NASDAQ:STRT) ("STRATTEC" or "Company"), a leading provider of smart vehicle power access, security & authorization solutions for the global automotive industry, today announced that it will release its first quarter fiscal year 2025 results after the close of financial markets on Monday, November 4, 2024. The Company will host a conference call and webcast that day to review the financial and operating results for the period ended September 29, 2024. A question-and-answer session will follow. First Quarter Fiscal Year 2025 Conference Call Date: Monday, November 4, 2024 Time: 4:45 p.m. Eastern Time Phone: (201) 689-8470
GREENWICH, Conn., Oct. 07, 2024 (GLOBE NEWSWIRE) -- Gabelli Funds will host its 48th Annual Automotive Symposium on November 4th and 5th, 2024 at the Encore at Wynn in Las Vegas, Nevada. This two-day symposium will feature presentations by senior managements of leading automotive and trucking companies, with a lineup that enables investors to understand ever-changing dynamics within the automotive industry. Presenting attendees, which include original equipment suppliers, automotive retailers, aftermarket service participants and next-gen tech companies driving vehicle electrification will provide a "cradle to grave" look at the automotive ecosystem and help investors understand "What's N
STRATTEC SECURITY CORPORATION (NASDAQ:STRT) ("Company"), a leading provider of "smart" vehicle power access and electronic and security solutions for the global automotive industry, today announced that Jennifer L. Slater, President and Chief Executive Officer, and Dennis P. Bowe, Chief Financial Officer, will present and host investor meetings at the Sidoti Small Cap Virtual Conference on Wednesday, September 18, 2024. The Company presentation is scheduled to begin at 10:00 a.m. Eastern Time. A live audio webcast of the event, accompanied by slides, will be available at investors.strattec.com. An archive of the presentation will also be available at the same link following the conference.
MILWAUKEE, Aug. 08, 2024 (GLOBE NEWSWIRE) -- STRATTEC SECURITY CORPORATION (NASDAQ:STRT) is a market leader of a comprehensive range of "Smart" Vehicle Power Access and Electronic and Security Solutions, serving the global automotive industry. Fourth Quarter Fiscal 2024 Financial Highlights Diluted earnings per share of $2.39 versus $0.69 loss last yearGross Margins expanded to 13.0% compared with 9.3% last yearRevenues increased by 8.2%, driven by pricing increases and new product sales STRATTEC President and CEO Jennifer Slater said, "The financial performance of the business continued due to improved pricing, and new product introductions which are expanding STRATTEC's offerings to o
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The Board of Directors ("Board") of STRATTEC SECURITY CORPORATION (NASDAQ:STRT) (the "Company") is proud to announce the appointment of Jennifer L. Slater as the Company's President and Chief Executive Officer and Board member, each effective July 1, 2024. Slater is a senior executive at Sensata Technologies, Inc. with over 25 years of experience as a leader and a manager. Her experience includes general management, engineering, finance, sales and strategy. She has delivered results for owners across a diverse set of enterprises that include publicly traded companies, privately held firms, and private equity owners.
Strattec Security (NASDAQ:STRT) reported quarterly earnings of $0.37 per share which beat the analyst consensus estimate of $0.10 by 270 percent. This is a 164.91 percent increase over losses of $(0.57) per share from the same period last year. The company reported quarterly sales of $140.773 million which beat the analyst consensus estimate of $129.419 million by 8.77 percent. This is a 10.69 percent increase over sales of $127.183 million the same period last year.
Strattec Security (NASDAQ:STRT) reported its Q2 earnings results on Thursday, February 8, 2024 at 04:00 PM. Here's what investors need to know about the announcement. Earnings Strattec Security beat estimated earnings by 156.52%, reporting an EPS of $0.26 versus an estimate of $-0.46. Revenue was up $5.35 million from the same period last year. Past Earnings Performance Last quarter the company beat on EPS by $1.26 which was followed by a 0.0% increase in the share price the next day. Here's a look at Strattec Security's past performance: Quarter Q1 2024 Q4 2023 Q3 2023 Q2 2023 EPS Estimate -0.21 -0.20 -0.23 0.05 EPS Actual 1.05 -0.69 -0.57 -0.47 Revenue Estimate 126.11M 125.03M 1
Strattec Security (NASDAQ:STRT) reported quarterly earnings of $0.26 per share which beat the analyst consensus estimate of $(0.46) by 156.52 percent. The company reported quarterly sales of $118.53 million which beat the analyst consensus estimate of $110.15 million by 7.61 percent. This is a 4.73 percent increase over sales of $113.18 million the same period last year.
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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. Mr. Krejci became a member of STRATTEC's inaugural Board of Directors in 1995 and has been a valued Board member for over 28 years. He became an Officer of STRATTEC in 2010, serving as President, and has served as President and Chief Executive Officer since September 1, 2012. Rolando Guillot, Senior Vice President – Operations and Chief Operating Officer, has been named to serve as Interim C
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. Mr. Krejci became a member of STRATTEC's inaugural Board of Directors in 1995 and has been a valued Board member for over 28 years. He became an Officer of STRATTEC in 2010, serving as President, and has served as President and Chief Executive Officer since September 1, 2012.Rolando Guillot, Senior Vice President – Operations and Chief Operating Officer, has been named to serve as Interim Chief
Gainers Coursera (NYSE:COUR) shares increased by 17.0% to $20.1 during Thursday's after-market session. At the close, Coursera's trading volume reached 109.7K shares. This is 8.1% of its average volume over the last 100 days. The company's market cap stands at $3.0 billion. As per the news, the Q3 earnings report came out today. Deckers Outdoor (NYSE:DECK) stock rose 10.41% to $535.07. The market value of their outstanding shares is at $13.9 billion. As per the news, the Q2 earnings report came out today. Strattec Security (NASDAQ:STRT) shares moved upwards by 8.69% to $25.0. The market value of their outstanding shares is at $101.7 million. As per the press release, Q1 earnings came out
Strattec Security (NASDAQ:STRT) reported quarterly earnings of $1.05 per share which beat the analyst consensus estimate of $(0.21) by 600 percent. This is a 3400 percent increase over earnings of $0.03 per share from the same period last year. The company reported quarterly sales of $135.41 million which beat the analyst consensus estimate of $126.11 million by 7.37 percent. This is a 12.50 percent increase over sales of $120.36 million the same period last year.