Every material Form 8-K STRATTEC SECURITY CORP has filed with the SEC since May 28, 2026, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Strattec reported fiscal first-quarter 2027 results for the period ended September 27, 2026. Net sales fell to $147.2 million from $152.4 million, and net income attributable to Strattec fell to $4.8 million from $8.5 million, so both sales and profit declined from the prior-year quarter. The company said it had no debt and $111.8 million in cash at quarter end, and it repurchased shares for $5.0 million.
Net sales were $147.2 million, down $5.2 million or 3% from $152.4 million a year earlier.
Diluted EPS was $1.19 versus $2.07; adjusted diluted EPS was $1.85 versus $2.22.
Adjusted EBITDA was $13.5 million, or 9.2% of net sales, versus $15.6 million, or 10.2%.
Business development expenses of $2.4 million were incurred while the company evaluated acquisition opportunities.
Strattec reported fiscal fourth-quarter 2026 sales of $151.8 million, roughly flat from $152.0 million a year earlier, and GAAP diluted earnings per share of $0.95 versus $2.01. For the full fiscal year, sales rose to $579.4 million from $565.1 million and gross margin expanded to 16.5% from 15.0%, while the company authorized a new $40 million share buyback.
Q4 net income attributable to Strattec was $3.9 million, or $0.95 per diluted share, versus $8.3 million, or $2.01, a year earlier; adjusted diluted EPS was $2.06, unchanged.
Q4 gross margin fell to 15.6% from 16.7%; Q4 Adjusted EBITDA was $12.5 million versus $13.0 million.
Fiscal 2026 Adjusted EBITDA was $50.5 million, a 15.3% increase over the prior year.
The company had $108.2 million in cash and no debt at June 28, 2026, and repurchased $7.4 million of shares in the fourth quarter.
Strattec's Board authorized a new share repurchase program of up to $40 million of its outstanding common stock, replacing the company's previous program, which dated to 1996 and has been terminated. The company is not obligated to repurchase any shares, and the program has no fixed expiration date.
Authorization: up to $40 million of outstanding common stock, announced May 28, 2026
Previous program, initiated in 1996, was terminated; during the fourth fiscal quarter and before termination, the company bought 110,269 shares at an average price of $67.10
Repurchases may be made through open market purchases, block trades, accelerated share repurchases, privately negotiated transactions, or Rule 10b5-1 plans, and may be modified, suspended, or terminated at any time
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