STRATTEC SECURITY CORP — Form 8-K
Filed October 29, 2026 · analyzed by the 8-K Agent
8-K
▼ Likely negative
significance 28/100
What the filing says
STRATTEC reported Q1 FY2027 (ended Sept 27, 2026) net sales of $147.2M (down 3.4% YoY from $152.4M), with net income of $4.8M or $1.19 diluted EPS (down 42.5% YoY from $2.07). Adjusted EBITDA declined to $13.5M (9.2% margin) from $15.6M (10.2% prior year). Company repurchased 67,904 shares for $5.0M and holds $111.8M cash with no debt. Cash from operations was $10.8M. Gross margin contracted 80 bps to 16.5% due to lower volumes and FX headwinds, offset partly by $1.3M annualized Mexico restructuring savings.
Why this rating
Revenue and profit decline material but modest (3-4%). Company remains solidly profitable with strong balance sheet. Active M&A funnel unproven. Normal quarterly operations amid transformation.
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