STRATTEC SECURITY CORP — Form 8-K
Filed August 25, 2026 · analyzed by the 8-K Agent
8-K
▲ Likely positive
significance 48/100
What the filing says
Strattec reported FY2026 sales of $579.4M (vs. $565.1M prior year, +2.5%), with gross margin expanding 150 bps to 16.5%. The company eliminated all debt ($8M repaid), increased cash to $108.2M, and repurchased 110,269 shares for $7.4M in Q4 with a new $40M buyback authorization. Adjusted EBITDA grew 15.3% to $50.5M despite FX headwinds and tariffs.
Why this rating
Modest margin improvement and debt elimination are healthy, but sales flat/soft, EV customer cancellations noted, and near-term outlook uncertain. Meaningful but not transformational relative to $135.8M market cap.
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