Recent Updates — STRT

Strattec Security reported first-quarter fiscal 2027 results with net income of $4.8 million, or $1.19 per diluted share, down from $2.07 in the prior-year period. Net sales declined 3% to $147.2 million due to lower customer production volumes, partially offset by pricing and restructuring savings. Adjusted diluted EPS was $1.85 compared to $2.22 year-over-year, while adjusted EBITDA fell to $13.5 million (9.2% margin) from $15.6 million (10.2%). The company generated $10.8 million in operating cash flow and repurchased 67,904 shares for $5.0 million, leaving $35.0 million available under its authorization. Strattec designs and delivers engineered access solutions for the automotive and mobility industries.