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AI brief of an SEC Form 8-K · STRATTEC SECURITY CORP (STRT)

Strattec Q1 sales fall 3% to $147.2 million; diluted EPS drops to $1.19 from $2.07

Negative Impact 3 of 5 earnings Written later

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.

Key points

  • 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.

The filing

CompanySTRATTEC SECURITY CORP (STRT)
Form8-K, current report
Filed with the SECOct 29, 2026, 4:30 PM ET
Accession number0000933034-26-000009

Items reported: 2.02 Results of Operations7.01 Regulation FD Disclosure

Read the filing on SEC.gov ↗

Written by AI on Nov 9, 2026, 8:29 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 29, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.