Strattec Security Corp
NASDAQ:STRT

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Strattec Security Corp Logo
Strattec Security Corp
NASDAQ:STRT
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Price: 81.335 USD -0.18%
Market Cap: 340.8m USD

Strattec Security Corp
Investor Relations

STRATTEC Security Corp. engages in the design, development, manufacture, and marketing of automotive access control products. The company is headquartered in Milwaukee, Wisconsin. The company offers access control products including mechanical locks and keys, electronically enhanced locks and keys, passive entry passive start systems (PEPS), steering column and instrument panel ignition lock housings, latches, power sliding side door systems, power tailgate systems, power lift gate systems, power deck lid systems, door handles and related products for primarily North American automotive customers. The firm supplies its products under the VAST brand name. The Company’s products are shipped to customer locations in the United States, Canada, Mexico, Europe, South America, Korea, China and India, and It provide full service and aftermarket support for each VAST Automotive Group partners’ products. The firm provides its customers with engineered access control products, including locksets, fobs, push button ignition systems and other products.

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Last Earnings Call
Fiscal Period
Q1 2026
Call Date
Oct 31, 2025
AI Summary
Q1 2026

Revenue Growth: Strattec reported nearly 10% revenue growth for the first quarter of fiscal 2026.

Margin Expansion: Gross margin improved by 370 basis points to 17.3%, and EBITDA margin grew 310 basis points to 10.2%, driven by higher sales, pricing, and cost reductions.

Strong Cash Position: The company generated $11 million in operating cash flow and ended the quarter with over $90 million in cash on hand.

Transformation Progress: Ongoing operational improvements and automation efforts are contributing to profitability, with more cost-saving measures in Mexico to materialize in Q3.

Industry Headwinds: Management flagged near-term automotive production challenges from an aluminum supplier fire and semiconductor shortages, creating uncertainty for the next quarter.

Facility Optimization: Strattec is pursuing a sale leaseback of its Milwaukee facility and consolidating its test lab to Michigan for efficiency and customer proximity.

M&A Exploration: The company is in early discussions about potential acquisitions as part of its longer-term growth strategy.

Key Financials
Gross Margin
17.3%
Gross Profit
$7.4 million increase YoY
EBITDA Margin
10.2%
Adjusted EBITDA
$15.6 million
Selling, Administrative and Engineering Expenses (SAE)
$15.9 million
Operating Cash Flow
$11.3 million
Cash Balance
$90 million
Available Credit Facilities
$53 million
Capital Expenditures
$1.5 million
Earnings Call Recording
Other Earnings Calls

Management

Mr. Rolando J. Guilott
Senior VP of Operations & COO
No Bio Available
Mr. Richard P. Messina
VP & CTO
No Bio Available
Ms. Jennifer L. Slater
Chief Executive Officer, President & Director
No Bio Available
Mr. Matthew Pauli
Senior VP & CFO
No Bio Available
Ms. Linda Redmann
Chief People Officer
No Bio Available
Ms. Cheylene Becker-Varto
Chief Commercial Officer
No Bio Available

Contacts

Address
WISCONSIN
Milwaukee
3333 W Good Hope Rd
Contacts
+14142473333.0
www.strattec.com