Strattec Security Q2 2024 GAAP EPS $0.26 Beats $(0.46) Estimate, Sales $118.53M Beat $110.15M Estimate

2/8/24 4:12:34 PM ET

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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 Reports Fiscal 2025 First Quarter Financial Results
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
11/4/24 4:15:00 PM ET
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STRATTEC SECURITY CORPORATION Announces First Quarter Fiscal Year 2025 Financial Results Conference Call and Webcast
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
10/22/24 7:05:00 AM ET
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STRATTEC SECURITY CORPORATION Reports Fiscal 2024 Fourth Quarter and Full Year Operating Results
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
8/8/24 4:00:00 PM ET
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STRATTEC SECURITY CORPORATION Appoints Chey Becker-Varto as Chief Commercial Officer and Linda Redmann as Chief People Officer
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
11/4/24 4:10:00 PM ET
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STRATTEC SECURITY CORPORATION names senior automotive parts executive as CEO
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,
6/14/24 8:00:00 AM ET
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STRATTEC SECURITY CORPORATION Announces CEO Transition Plan
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
11/13/23 6:12:17 PM ET
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STRATTEC SECURITY CORPORATION Reports Fiscal 2025 First Quarter Financial Results
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
11/4/24 4:15:00 PM ET
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STRATTEC SECURITY CORPORATION Appoints Chey Becker-Varto as Chief Commercial Officer and Linda Redmann as Chief People Officer
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
11/4/24 4:10:00 PM ET
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Gabelli Funds to Host 48th Annual Automotive Symposium at The Encore at Wynn, Las Vegas, Nevada
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
10/29/24 8:00:00 AM ET
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STRATTEC SECURITY Appoints Jennifer L. Slater As President And CEO And Board Member, Each Effective July 1, 2024
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.
6/14/24 8:14:29 AM ET
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Strattec Security Q3 2024 GAAP EPS $0.37 Beats $0.10 Estimate, Sales $140.773M Beat $129.419M Estimate
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.
5/9/24 5:00:06 PM ET
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Strattec Security: Q2 Earnings Insights
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
2/8/24 4:15:24 PM ET
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Strattec Security Q2 2024 GAAP EPS $0.26 Beats $(0.46) Estimate, Sales $118.53M Beat $110.15M Estimate

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$STRT Financials

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STRATTEC SECURITY CORPORATION Reports Fiscal 2025 First Quarter Financial Results

STRATTEC SECURITY CORPORATION Announces First Quarter Fiscal Year 2025 Financial Results Conference Call and Webcast

STRATTEC SECURITY CORPORATION Reports Fiscal 2024 Fourth Quarter and Full Year Operating Results

$STRT SEC Filings

SEC Form 10-Q filed by STRATTEC SECURITY CORPORATION

STRATTEC SECURITY CORPORATION filed SEC Form 8-K: Results of Operations and Financial Condition, Regulation FD Disclosure, Financial Statements and Exhibits

STRATTEC SECURITY CORPORATION filed SEC Form 8-K: Leadership Update, Financial Statements and Exhibits

$STRT Leadership Updates

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STRATTEC SECURITY CORPORATION Appoints Chey Becker-Varto as Chief Commercial Officer and Linda Redmann as Chief People Officer

STRATTEC SECURITY CORPORATION names senior automotive parts executive as CEO

STRATTEC SECURITY CORPORATION Announces CEO Transition Plan

$STRT Press Releases

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STRATTEC SECURITY CORPORATION Reports Fiscal 2025 First Quarter Financial Results

STRATTEC SECURITY CORPORATION Appoints Chey Becker-Varto as Chief Commercial Officer and Linda Redmann as Chief People Officer

Gabelli Funds to Host 48th Annual Automotive Symposium at The Encore at Wynn, Las Vegas, Nevada

$STRT Market Insights

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STRATTEC SECURITY Appoints Jennifer L. Slater As President And CEO And Board Member, Each Effective July 1, 2024

Strattec Security Q3 2024 GAAP EPS $0.37 Beats $0.10 Estimate, Sales $140.773M Beat $129.419M Estimate

Strattec Security: Q2 Earnings Insights

$STRT Insider Trading

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Director Lisman Bruce M was granted 3,505 shares, increasing direct ownership by 70% to 8,505 units (SEC Form 4)

Director Florsheim Thomas W Jr was granted 3,505 shares, increasing direct ownership by 23% to 18,455 units (SEC Form 4)

President & CEO Slater Jennifer Lynn was granted 54,732 shares (SEC Form 4)

$STRT Insider Purchases

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Gate City Capital Management, Llc bought $173,596 worth of shares (7,057 units at $24.60) (SEC Form 4)

Chang Tina M bought $12,980 worth of shares (500 units at $25.96), increasing direct ownership by 13% to 4,250 units (SEC Form 4)

Liebau Frederic Jack Jr bought $49,880 worth of shares (2,000 units at $24.94) (SEC Form 4)

$STRT Large Ownership Changes

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SEC Form SC 13G filed by STRATTEC SECURITY CORPORATION

SEC Form SC 13D/A filed by STRATTEC SECURITY CORPORATION (Amendment)

SEC Form SC 13G/A filed by STRATTEC SECURITY CORPORATION (Amendment)

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