Strattec Security Corporation filed its quarterly report on Form 10-Q for the fiscal quarter ended September 27, 2026, reporting net sales of $147.2 million and diluted earnings per share of $1.19 attributable to Strattec.

Key Highlights

  • Net sales: $147,197 thousand for the three months ended September 27, 2026, compared with $152,399 thousand in the same period a year earlier.
  • Net income attributable to Strattec: $4,833 thousand, down from $8,529 thousand in the prior-year quarter.
  • Diluted EPS attributable to Strattec: $1.19, versus $2.07 in the prior-year period.
  • Cash and cash equivalents: $111,766 thousand at September 27, 2026, up from $108,243 thousand at June 28, 2026.
  • Share repurchases: $4,973 thousand in common stock repurchased under the share repurchase program during the quarter, with treasury stock totaling 3,807,746 shares at period end.
  • Shares outstanding: 4,029,566 shares of common stock as of October 23, 2026, including restricted shares not yet vested.
  • Selling, administrative and engineering expenses: $17,892 thousand, compared with $15,888 thousand in the prior-year quarter.

Strattec Security's First Fiscal Quarter 2027 Financial Results

According to the filing, Strattec Security Corporation (NASDAQ:STRT) reported net sales of $147,197 thousand for the three months ended September 27, 2026, a decrease from $152,399 thousand in the comparable prior-year period. Gross profit came in at $24,315 thousand, compared with $26,335 thousand a year earlier. The company disclosed that selling, administrative and engineering expenses increased to $17,892 thousand from $15,888 thousand, contributing to income from operations of $6,423 thousand versus $10,447 thousand in the prior-year quarter.

The filing reported income before income taxes and non-controlling interest of $7,192 thousand, after including interest income of $989 thousand, interest expense of $37 thousand, and other expense, net of $183 thousand. Income tax expense was $1,881 thousand, resulting in net income of $5,311 thousand for the quarter. Net income attributable to non-controlling interest was $478 thousand, leaving net income attributable to Strattec at $4,833 thousand. Basic earnings per share attributable to Strattec were $1.22, and diluted earnings per share were $1.19, based on weighted average diluted shares outstanding of 4,053 thousand.

The condensed consolidated balance sheet showed total assets of $381,543 thousand at September 27, 2026, compared with $387,479 thousand at June 28, 2026. Cash and cash equivalents increased to $111,766 thousand from $108,243 thousand. The filing disclosed that net cash provided by operating activities was $10,765 thousand, while $1,185 thousand was used in investing activities and $5,997 thousand was used in financing activities, which included $4,973 thousand in common stock repurchases. Total shareholders' equity was $265,058 thousand at quarter end.

What Was Disclosed

Strattec Security Corporation disclosed its unaudited condensed consolidated financial statements for the fiscal first quarter ended September 27, 2026, covering income, comprehensive income, balance sheet, cash flows, and shareholders' equity, filed as a Form 10-Q with the SEC.