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 Generated $9.4 million in Cash from Operations in Fiscal 2025 Second Quarter
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
2/6/25 4:30:00 PM ET
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STRATTEC SECURITY CORPORATION Announces Second 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 second quarter fiscal year 2025 results after the close of financial markets on Thursday, February 6, 2025. The Company will host a conference call and webcast on Friday, February 7, 2025 to review the financial and operating results for the period ended December 29, 2024. A question-and-answer session will follow. Second Quarter Fiscal Year 2025 Conference Call Date: Friday, February 7, 2025 Time: 9:00 a.m. Eastern Time Ph
1/23/25 4:15:00 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 Matthew Pauli as Chief Financial Officer Effective November 13, 2024
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
11/11/24 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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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 Generated $9.4 million in Cash from Operations in Fiscal 2025 Second Quarter
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
2/6/25 4:30:00 PM ET
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STRATTEC SECURITY CORPORATION Announces Second 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 second quarter fiscal year 2025 results after the close of financial markets on Thursday, February 6, 2025. The Company will host a conference call and webcast on Friday, February 7, 2025 to review the financial and operating results for the period ended December 29, 2024. A question-and-answer session will follow. Second Quarter Fiscal Year 2025 Conference Call Date: Friday, February 7, 2025 Time: 9:00 a.m. Eastern Time Ph
1/23/25 4:15:00 PM ET
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STRATTEC SECURITY CORPORATION Further Advances Strategy to Deliver Improved Performance
Looking to upgrade and modernize operations while evaluating footprint 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 be listing its Milwaukee facility on the market for sale to inform its evaluation of opportunities for upgraded and modernized operations. The evaluation will include identifying the best operational space for manufacturing and also office accommodations for the corporate offices, both ideally in the Milwaukee area assuming economics allow. In addition, given improving productivity and operational pe
12/10/24 5:09:00 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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Insider Trading

Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

SEC Form 3 filed by new insider Becker-Varto Chey

New insider Pauli Matthew claimed ownership of 5,191 shares (SEC Form 3)

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

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Financials

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STRATTEC SECURITY CORPORATION Generated $9.4 million in Cash from Operations in Fiscal 2025 Second Quarter

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

STRATTEC SECURITY CORPORATION Reports Fiscal 2025 First Quarter Financial Results

$STRT
Leadership Updates

Live Leadership Updates

STRATTEC SECURITY CORPORATION Appoints Matthew Pauli as Chief Financial Officer Effective November 13, 2024

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

$STRT
Large Ownership Changes

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

SEC Form SC 13G filed by STRATTEC SECURITY CORPORATION

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

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Press Releases

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STRATTEC SECURITY CORPORATION Generated $9.4 million in Cash from Operations in Fiscal 2025 Second Quarter

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

STRATTEC SECURITY CORPORATION Further Advances Strategy to Deliver Improved Performance

$STRT
Insider Purchases

Insider purchases reveal critical bullish sentiment about the company from key stakeholders. See them live in this feed.

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)

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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: Regulation FD Disclosure, Financial Statements and Exhibits

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

Chat with this insight

Recent Analyst Ratings for $STRT

$STRT Insider Trading

Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

SEC Form 3 filed by new insider Becker-Varto Chey

New insider Pauli Matthew claimed ownership of 5,191 shares (SEC Form 3)

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

$STRT Financials

Live finance-specific insights

STRATTEC SECURITY CORPORATION Generated $9.4 million in Cash from Operations in Fiscal 2025 Second Quarter

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

STRATTEC SECURITY CORPORATION Reports Fiscal 2025 First Quarter Financial Results

$STRT Leadership Updates

Live Leadership Updates

STRATTEC SECURITY CORPORATION Appoints Matthew Pauli as Chief Financial Officer Effective November 13, 2024

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

$STRT Large Ownership Changes

This live feed shows all institutional transactions in real time.

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

SEC Form SC 13G filed by STRATTEC SECURITY CORPORATION

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

$STRT Press Releases

Fastest customizable press release news feed in the world

STRATTEC SECURITY CORPORATION Generated $9.4 million in Cash from Operations in Fiscal 2025 Second Quarter

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

STRATTEC SECURITY CORPORATION Further Advances Strategy to Deliver Improved Performance

$STRT Insider Purchases

Insider purchases reveal critical bullish sentiment about the company from key stakeholders. See them live in this feed.

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 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: Regulation FD Disclosure, Financial Statements and Exhibits

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Insider Trading

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Financials

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Leadership Updates

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Large Ownership Changes

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Press Releases

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Insider Purchases

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SEC Filings