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New Brand Reflects Evolving Systems-Level Capabilities in Vehicle Access Solutions Strattec (NASDAQ:STRT), a global provider of highly engineered access solutions for the automotive and mobility industries, today announced a strategic brand revitalization that reflects the Company's ongoing transformation into a system-level access partner for the leading global automotive OEMs. The brand rejuvenation, including the launch of a redesigned website at www.strattec.com, marks another milestone in Strattec's transformation journey. Since 2024, Strattec has demonstrated progress with strong operational and financial results achieved through a new business system, production modernization and
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 virtually present and host investor meetings at the Sidoti Small Cap Conference on Wednesday, March 18, 2026. The Company presentation is scheduled to begin at 1:00 p.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 Strattec is a leadi
Sales for the quarter grew 6% to $137.5 million driven by pricing, new program launches, customer inventory builds and select platform successes Gross margin for the quarter was 16.5%, compared with 13.2% in the prior year period Net income attributable to Strattec for the second quarter fiscal 2026 was $4.9 million, or $1.20 per diluted share; compared with $0.32 per diluted share in the prior year period Adjusted EBITDA1 was $12.3 million, or 8.9% of sales, compared with $8.0 million in the prior year second quarter. Strong balance sheet provides financial flexibility; $99.0 million in cash and $2.5 million in debt Furthered fiscal 2026 restructuring actions which collecti
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Sales for the quarter grew 6% to $137.5 million driven by pricing, new program launches, customer inventory builds and select platform successes Gross margin for the quarter was 16.5%, compared with 13.2% in the prior year period Net income attributable to Strattec for the second quarter fiscal 2026 was $4.9 million, or $1.20 per diluted share; compared with $0.32 per diluted share in the prior year period Adjusted EBITDA1 was $12.3 million, or 8.9% of sales, compared with $8.0 million in the prior year second quarter. Strong balance sheet provides financial flexibility; $99.0 million in cash and $2.5 million in debt Furthered fiscal 2026 restructuring actions which collecti
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 fiscal 2026 second quarter results after the close of financial markets on Thursday, February 5, 2026. The Company will host a conference call and webcast on Friday, February 6, 2026, to review the financial and operating results for the period ended December 28, 2025. A question-and-answer session will follow. Second Quarter 2026 Conference Call Date: Friday, February 6, 2026 Time: 9:00 a.m. Eastern Time Phone: +1 (201) 689-8470 Webcast and accompanying slide
Gross margin for the quarter was 17.3% on $152.4 million in sales Net income attributable to Strattec for the first quarter fiscal 2026 was $8.5 million, or $2.07 per diluted share; adjusted EBITDA1 was $15.6 million, or 10.2% of sales Generated $11.3 million in cash from operations similar to the first quarter of fiscal 2025 Strong balance sheet provides financial flexibility; $90.5 million in cash and $5.0 million in debt Continued actions to streamline organization; additional restructuring in Mexico operations expected to provide approximately $1 million in annualized savings Strattec Security Corporation (NASDAQ:STRT) ("Company" or "Strattec"), a leading provider of sm
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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,