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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,
STRATTEC SECURITY CORPORATION (NASDAQ:STRT) ("Company"), a leading provider of smart vehicle access, security and authorization solutions for the global automotive industry, today announced that Jennifer Slater, President & CEO, and Matthew Pauli, Chief Financial Officer, will present and host investor meetings at the East Coast IDEAS Investor Conference in New York, NY on Wednesday, June 11, 2025. The Company presentation is scheduled to begin at 9:15 a.m. Eastern Time. A live audio webcast of the event with accompanying slides will be available at STRT Investor Relations. An archive of the presentation will be available at the same link following the conference. About STRATTEC STRAT
Strong cash generation of $20.7 million in fiscal 2025 third quarter, the result of cash earnings and improved working capital velocity Healthy balance sheet with limited debt and $62 million of cash provides safeguard against near term tariff turmoil and tempering market conditions Net income attributable to STRATTEC Security Corporation was $5.4 million, or $1.32 per diluted share, compared with $1.5 million, or $0.37 per diluted share, in the year ago quarter Delivered adjusted EBITDA1 of $12.9 million, or 8.9% of sales, compared with $6.2 million, or 4.4%, in prior-year period Further advanced cost reduction efforts with restructuring of Mexico operations in March; bringing tot
STRATTEC SECURITY CORPORATION (NASDAQ:STRT) ("STRATTEC" or "Company"), a leading provider of smart vehicle access, security and authorization solutions for the global automotive industry, today announced that it will release its third quarter fiscal year 2025 results after the close of financial markets on Thursday, May 8, 2025. The Company will host a conference call and webcast on Friday, May 9, 2025, to review the financial and operating results for the period ended March 30, 2025. A question-and-answer session will follow. Third Quarter Fiscal Year 2025 Conference Call Date: Friday, May 9, 2025 Time: 9:00 a.m. Eastern Time Phone: (201) 689-8470 Webcast and a
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Strong cash generation of $20.7 million in fiscal 2025 third quarter, the result of cash earnings and improved working capital velocity Healthy balance sheet with limited debt and $62 million of cash provides safeguard against near term tariff turmoil and tempering market conditions Net income attributable to STRATTEC Security Corporation was $5.4 million, or $1.32 per diluted share, compared with $1.5 million, or $0.37 per diluted share, in the year ago quarter Delivered adjusted EBITDA1 of $12.9 million, or 8.9% of sales, compared with $6.2 million, or 4.4%, in prior-year period Further advanced cost reduction efforts with restructuring of Mexico operations in March; bringing tot
STRATTEC SECURITY CORPORATION (NASDAQ:STRT) ("STRATTEC" or "Company"), a leading provider of smart vehicle access, security and authorization solutions for the global automotive industry, today announced that it will release its third quarter fiscal year 2025 results after the close of financial markets on Thursday, May 8, 2025. The Company will host a conference call and webcast on Friday, May 9, 2025, to review the financial and operating results for the period ended March 30, 2025. A question-and-answer session will follow. Third Quarter Fiscal Year 2025 Conference Call Date: Friday, May 9, 2025 Time: 9:00 a.m. Eastern Time Phone: (201) 689-8470 Webcast and a
Grew revenue $11.4 million to $129.9 million in the quarter as a result of new program launches and increased demand from customers Net income attributable to STRATTEC Security Corporation was $1.3 million, or diluted EPS of $0.32, compared with $1.0 million, or diluted EPS of $0.26, in the year ago quarter Adjusted diluted earnings per share1 were $0.65, compared with $0.36 in the prior year Generated $9.4 million in cash from operations, bringing year-to-date cashflow from operations to $20.8 million Delivered adjusted EBITDA1 of $8.0 million, or 6.1% of sales, compared with $5.0 million, or 4.3%, in the prior-year second quarter Transformation efforts continue to focus o
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