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0.0499594923035377 0.0532001080205239 0.0532001080205239 0.0532001080205239 0.0532001080205239 0.0532001080205239 0.0532001080205239 0.0532001080205239
Stock impact report

STRATTEC SECURITY CORPORATION Reports Fiscal 2025 First Quarter Financial Results

STRATTEC SECURITY CORPORATION (STRT) 
Last strattec security corporation earnings: 4/23 04:00 pm Check Earnings Report
US:NASDAQ Investor Relations: strattec.com/investors
Company Research Source: Business Wire
Generated cash from operations of $11.3 millionReduced pre-production costs, primarily customer tooling, by $6.9 millionGrew revenue 2.7% year-over-year, reflecting ongoing pricing benefit and higher overall salesAchieved gross margin of 13.6% versus 13.8% in prior-year period (which included a 470 bps net benefit of one-time pricing)Rethinking product portfolio and identifying opportunities to optimize operational footprint and improve profitability MILWAUKEE--(BUSINESS WIRE)--STRATTEC SECURITY CORPORATION (Nasdaq: STRT) (“Company”), a leading provider of smart vehicle access, security and authorization solutions for the global automotive industry, reported financial results for its first quarter of fiscal year 2025, which ended September 29, 2024.STRATTEC President and CEO Jennifer Slater said, “We delivered a solid quarter through improved pricing, favorable mix, and by providing innovative content on the right platforms. We are making headway on rethinking the STRATTEC business Show less Read more
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