STRT

Strattec Security Corporation STRT reported third-quarter fiscal 2026 adjusted earnings of 90 cents per share, missing the Zacks Consensus Estimate of $1.14 by 21.1%. Adjusted earnings declined 40% from $1.50 a year ago. Net sales were $137.6 million, down 4.5% year over year, and came in below the consensus estimate of $141 million by about 2.4%. Results reflected lower North American OEM production on key platforms and the impact of EV program cancellations. STRT stock currently has a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. Strattec Security Corporation price-consensus-eps-surprise-chart | Strattec Security Corporation Quote The quarter’s revenue mix underscored STRT’s close ties to large automotive programs. General Motors accounted for 28% of third-quarter sales, followed by Ford at 21% and Stellantis at 16%. Tier 1 customers contributed 15%, commercial and other customers represented 11% and Hyundai/Kia made up 9%. Product concentration also remained clear. Door handles represented 26% of sales and power access products contributed 24%. Keys and locksets were 20% of the mix, with latches at 13%, user interface controls at 8%, aftermarket at 7% and other products at 2%. The mix highlights STRT’s positioning in access and security content per vehicle, but also means near-term results can swing with platform volumes. Cost headwinds were evident even as the company executed on internal actions. Gross profit was $22.7 million compared with $23.1 million in the prior-year quarter, reflecting lower volume. However, gross margin improved 50 basis points year over year to 16.5%, thanks to restructuring savings and recoveries from customer program cancellations. Restructuring savings totaled $1.7 million and recoveries tied to customer program cancellations added $0.6 million. Those benefits were partly offset by $2.5 million of higher costs from unfavorable foreign exchange movements, a $0.5 million increase in labor and benefit costs, and $0.3 million of incremental tariff costs. Operating discipline was pressured by higher overhead spending. Selling, administrative and engineering expenses increased $1.6 million year over year to $17.6 million, representing 12.8% of sales versus 11.1% in the prior-year period. The increase reflected a mix of strategic and recurring cost items. STRT cited $1.4 milli...

Interested in Strattec Security Corporation? Here are five stocks we like better. Strattec Security posted lower Q3 fiscal 2026 sales, down 4.5% year over year, due to softer automotive production and canceled EV programs, though pricing and tariff recoveries helped partially offset the decline. Despite weaker revenue, the company improved gross margin to 16.5% and generated strong cash flow, with $11.4 million in operating cash flow and $107 million in cash on hand. Management said restructuring actions and Mexico operational changes are driving further savings. Looking ahead, Strattec expects fourth-quarter revenue to fall 3% to 4% year over year, but remains focused on its transformation plan and longer-term margin targets of 18% to 20% gross margin. Strattec Security (NASDAQ:STRT) reported lower third-quarter fiscal 2026 sales but improved gross margin and strong cash generation, as management said restructuring actions and operational changes continued to support profitability despite a softer automotive production environment. President and Chief Executive Officer Jennifer Slater said the company “delivered another solid quarter” and continued to make progress on its transformation plan. She said previously completed restructuring actions generated $1.9 million in savings during the quarter, which she described as a peak level as the company begins to lap benefits from earlier actions. → Insider Sales: Top AST SpaceMobile Insider Cuts Postion Over 30% Strattec generated $11.4 million in operating cash flow in the quarter and ended the period with $107 million in cash on hand. Slater said that liquidity gives the company flexibility to continue investing in the business, support customers and navigate a dynamic industry backdrop. “While sales were down from prior year, the decline was in line with expectations, and we continued to improve profitability, generate strong cash flow, and maintain a very strong balance sheet,” Slater said. → Light Speed Returns: Corning Cashes In on NVIDIA Growth Senior Vice President and Chief Financial Officer Matthew Pauli said third-quarter sales declined 4.5% year over year, as lower volume and electric vehicle program cancellations were only partially offset by pricing benefits and tariff recoveries. Pauli said the annual impact of customer cancellations on reduced EV platforms is approximately $9 million, with about t...

Strattec Security (STRT) came out with quarterly earnings of $0.9 per share, missing the Zacks Consensus Estimate of $1.14 per share. This compares to earnings of $1.5 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -21.05%. A quarter ago, it was expected that this maker of automotive locks and keys would post earnings of $0.93 per share when it actually produced earnings of $1.71, delivering a surprise of +83.87%. Over the last four quarters, the company has surpassed consensus EPS estimates three times. Strattec Security, which belongs to the Zacks Automotive - Original Equipment industry, posted revenues of $137.63 million for the quarter ended March 2026, missing the Zacks Consensus Estimate by 2.18%. This compares to year-ago revenues of $144.08 million. The company has topped consensus revenue estimates three times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Strattec Security shares have lost about 0.4% since the beginning of the year versus the S&P 500's gain of 7.6%. While Strattec Security has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Strattec Security was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. Yo...

MILWAUKEE (AP) — MILWAUKEE (AP) — Strattec Security Corp. (STRT) on Thursday reported profit of $3.2 million in its fiscal third quarter. The Milwaukee-based company said it had net income of 78 cents per share. Earnings, adjusted for one-time gains and costs, came to 90 cents per share. The maker of automotive locks and keys posted revenue of $137.6 million in the period. _____ This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on STRT at https://www.zacks.com/ap/STRT

Strong balance sheet provides financial flexibility with $107 million of cash; $11.4 million of cash generated from operations in the third quarter Sales declined 4.5%, consistent with expectations, on lower North American OEM automotive production volumes of key platforms Gross margin improved 50 basis points year-over-year to 16.5%, despite the sales decline and 170 basis point foreign currency exchange rate headwind Net income attributable to Strattec was $3.2 million, or $0.78 per diluted share; Adjusted EBITDA1 was $10.1 million, or 7.3% of net sales MILWAUKEE, May 07, 2026--(BUSINESS WIRE)--Strattec (Nasdaq: STRT), a global provider of highly engineered access solutions for the automotive and mobility industries, today reported financial results for its third quarter of fiscal year 2026, which ended March 29, 2026. Jennifer Slater, President and CEO of Strattec, said, "We are continuing to progress on our strategy to transform Strattec into a more predictable, higher performing business even as we continually face the challenges of the automotive industry including weak end market demand, platform changes, tariffs and the long-cycle nature of the sector. Our near-term objectives remain focused on improving our cost structure and driving a stronger more predictable business while positioning ourselves to win new opportunities on future platforms for model years 2029 and beyond and developing deeper relationships with both current and prospective customers." She concluded, "Our team is leaning into the challenges and recognizes there is still more work to be done. We are encouraged with our potential and are supported with a very solid balance sheet and strong cash generation." FY 2026 Third Quarter Financial Summary Net sales were $137.6 million, down $6.5 million, or 4.5% from the prior-year period. Lower sales were the result of $7.7 million in lower volume including $3.4 million lower sales related to customer EV program cancellations. The volume declines were partially offset by $1.3 million in pricing including $0.6 million in tariff recoveries. Gross profit was $22.7 million, compared with $23.1 million in the prior year, on lower volume. Gross margin expanded 50 basis points to 16.5% primarily as a result of $1.7 million in restructuring savings and $0.6 million of recoveries from customer program cancellations. Partially offsetting these benefit...

Our analysts just identified a stock with the potential to be the next Nvidia. Tell us how you invest and we'll show you why it's our #1 pick. Tap here. Performance was driven by the realization of $1.9 million in restructuring savings, which management identified as a peak level for current initiatives. Gross margin expansion to 16.5% was achieved through a combination of cost-reduction actions, pricing benefits, and one-time recoveries from canceled customer programs. Revenue declines were primarily attributed to lower volumes and the strategic shift by customers from EV platforms back to internal combustion engines (ICE). Management is pivoting the growth strategy toward engineering-led access systems categorized into permission, motion, and hold product segments. Operational focus in Mexico has been sharpened to better align the cost structure with current production levels while maintaining quality and delivery standards. The company is diversifying its customer base by targeting global manufacturers with U.S. production sites to mitigate cyclicality in traditional accounts. Fourth quarter revenue is expected to decline 3% to 4% year-over-year, mirroring the volume dynamics and EV program headwinds seen in the third quarter. Management is targeting a long-term gross margin of 18% to 20%, contingent on the Mexican peso returning to its five-year average of 19.5. Incremental annualized savings of $800 thousand from recent Mexico operational changes are expected to begin impacting results in the fourth quarter. The company aims to reduce SAE expenses to a target range of 10% to 11% of revenue over the next several years as transformation investments stabilize. Future growth is dependent on deepening relationships with current customers to capture higher content per vehicle on upcoming advanced platforms. Foreign exchange volatility remains a significant headwind, with a $900 thousand currency loss in the quarter primarily due to unrealized losses on peso forward contracts. Customer cancellations of EV programs represent an approximately $9 million annual revenue impact, with two-thirds of that impact already realized year-to-date. Incremental tariff costs are estimated at $5 million to $7 million annually; the company is pursuing government recoveries for certain tariffs to pass back to customers. Subsequent to the quarter end, the company replaced its joi...

Strattec Security Corporation STRT is slated to release third-quarter fiscal 2026 results on May 7, after the closing bell. The Zacks Consensus Estimate for the to-be-reported quarter’s EPS and revenues is pegged at $1.14 per share and $140.7 million, respectively. For the fiscal third quarter, the consensus estimate for STRT’s earnings per share has moved down 33 cents in the past 90 days. Its bottom-line estimates imply a decline of 24% from the year-ago reported number. The Zacks Consensus Estimate for revenues suggests a year-over-year decline of 2.4%. STRT surpassed the Zacks Consensus Estimate in each of the trailing four quarters, the average surprise being 71.07%. This is depicted in the graph below: Strattec Security Corporation price-eps-surprise | Strattec Security Corporation Quote In the fiscal second quarter, Strattec reported adjusted earnings per share of $1.71, which rose from 65 cents recorded in the year-ago period and beat the Zacks Consensus Estimate of 93 cents. The company reported $137.5 million, which increased 6% year over year and surpassed the Zacks Consensus Estimate by 5.89%. Strattec’s profitability has improved as operational and restructuring initiatives begin to take hold. Its restructuring efforts are expected to generate roughly $3.4 million in annualized savings. With selling and administrative expenses targeted at about 10-11% of sales in the second half, disciplined cost control is likely to have supported profitability. The company generated $13.9 million in operating cash flow in the fiscal second quarter of 2026, up 48% year over year. Improved cash flow provides greater financial flexibility to support restructuring initiatives, technology investments and potential balance-sheet strengthening. STRT ended the quarter with $99 million in cash and minimal debt, with only about $2.5 million tied to its joint venture. It expects roughly $40 million in operating cash flow for fiscal 2026 and capital spending below $10 million. Improving profitability and cash flows are likely to have improved Strattec’s performance in the fiscal third quarter. However, long product cycles limit near-term growth catalysts. New customer opportunities are progressing, but the revenue impact is likely several years away. The discussions for access products and digital key programs are tied to model year 2029 and beyond, reflecting the automot...

MILWAUKEE, April 23, 2026--(BUSINESS WIRE)--Strattec (Nasdaq: STRT), a global provider of highly engineered access solutions for the automotive and mobility industries, today announced that it will release its fiscal 2026 third quarter results after the close of financial markets on Thursday, May 7, 2026. The Company will host a conference call and webcast on Friday, May 8, 2026, to review the financial and operating results for the period ended March 29, 2026. A question-and-answer session will follow. Third Quarter 2026 Conference Call Date: Friday, May 8, 2026 Time: 8:00 a.m. Central Time Phone: +1 (201) 689-8470 Webcast and accompanying slide presentation: investors.strattec.com A telephonic replay will be available from 11:00 p.m. CT on the day of the call through Thursday, May 21, 2026. To listen to the archived call, dial +1 (412) 317-6671 and enter replay PIN 13759857. The webcast replay will be available on the Investor Relations section of the Company’s website investors.strattec.com, where a transcript will be posted once available. ABOUT STRATTEC Strattec is a global automotive access company that designs and delivers safe, secure, and highly engineered access solutions for the automotive and mobility industries. Built on generations of access and security engineering expertise, Strattec partners closely with OEMs to create differentiated, system level access experiences for end consumers. Strattec’s portfolio spans the access journey from Permission, enabling secure vehicle entry through advanced mechanical and electronic systems; to Motion, delivering effortless, reliable powered access that enhances everyday usability; and through to Hold, providing precision‑engineered latching solutions that give drivers confidence through proven strength, safety, and durability trusted by OEMs worldwide. As access becomes increasingly intelligent, connected, and central to vehicle experience, Strattec’s strategy is to expand its market share, further diversify its customers and geographic reach while becoming the most trusted access partner to drive long term growth across global automotive and mobility markets. For more information, visit www.strattec.com. View source version on businesswire.com: https://www.businesswire.com/news/home/20260423507894/en/ Contacts Investor Contact: Deborah K. Pawlowski, IRC Alliance Advisors IR Phone: 716-843-3908 Email: dpa...

Shares of Li Auto LI have lost 1.7% since the company reported fourth-quarter 2025 results. It reported breakeven earnings, down from the prior-year quarter’s EPS of 45 cents. The figure also missed the Zacks Consensus Estimate of earnings of 5 cents. Revenues of $4.1 billion decreased from $6.1 billion in the year-ago quarter, primarily due to lower vehicle deliveries. The figure missed the Zacks Consensus Estimate of $4.3 billion. Li Auto Inc. Sponsored ADR price-consensus-eps-surprise-chart | Li Auto Inc. Sponsored ADR Quote Li Auto delivered a total of 109,194 vehicles in the fourth quarter of 2025, down from 158,696 units delivered in the corresponding quarter of 2024. As of Dec. 31, 2025, the company had 548 retail stores in 159 cities, 561 servicing centers, authorized body and paint shops operating in 224 cities, and 3,907 supercharging stations in operation equipped with 21,651 charging stalls. LI’s vehicle sales in the reported quarter amounted to $3.9 billion compared with $6.1 billion in the year-ago period. The vehicle margin was 16.8%, down from 19.7% in the year-ago quarter, mainly due to changes in product mix. Gross profit for the fourth quarter was $733.7 million, down from $1.2 billion in the corresponding quarter of 2024. Gross margin was 17.8% compared with 20.3% in the prior-year quarter. Operating expenses increased to $797 million from $721.6 million in the corresponding quarter of 2024. Loss from operations amounted to $63.3 million against income from operations of $507.4 million a year ago. Operating margin was negative 1.5% in contrast to a positive 8.4% in the year-ago quarter. Non-GAAP net income for the quarter amounted to $39.2 million, down significantly from $553.4 million in the fourth quarter of 2024. Net cash provided by operating activities amounted to $503.5 million compared with about $1.2 billion in the fourth quarter of 2024. Free cash flow was $352.9 million compared with about $830.1 million in the fourth quarter of 2024. As of Dec. 31, 2025, LI had cash, cash equivalents, restricted cash and investments totaling $14.5 billion. Long-term borrowings totaled $471.8 million. For the first quarter of 2026, Li Auto expects vehicle deliveries in the range of 85,000-90,000 units, suggesting a year-over-year decline of 8.5-3.1%. Total revenues are expected to be between $2.9 billion and $3.1 billion. Li Auto carries a Zack...

Strattec Security STRT is entering fiscal 2026 with a cleaner profitability profile, and the shift looks more structural than temporary. The company has moved from managing cost pressure to showing measurable improvement in margins, helped by restructuring, better manufacturing efficiency, pricing actions and a more favorable product mix. That matters for investors because the STRT story is no longer only about revenue recovery. It is increasingly about operating discipline. Over the last several quarters, the company has taken steps to address what had become a pressured operating structure. Restructuring efforts, supply-chain efficiencies and manufacturing optimization are now showing up in results more consistently. That shows up most clearly in gross margin. The company delivered a 16.5% gross margin in second-quarter fiscal 2026, up 330 basis points year over year, and management now views 15-16% as a more sustainable range. Restructuring savings are also meaningful. Management has targeted roughly $3.4 million in annualized savings, supporting the view that margin improvement is being driven by structural levers rather than temporary volume tailwinds. The margin reset is not being driven by cost cuts alone. Pricing actions and improved product mix are also driving stronger gross margin baseline. Strattec is focusing more on higher-value categories such as power access systems, door handles and digital key solutions. These products can improve value per vehicle and generally offer better economics than lower-return categories. At the same time, the company is pulling back from areas like switches, where returns are less attractive. That mix shift is important because it improves the quality of revenue. Higher-value content helps margins hold up better, even if broader auto production softens. It also gives Strattec a better chance to convert sales growth into stronger profitability instead of simply offsetting cost inflation. Program ramps are adding support as well. Second-quarter fiscal 2026 net sales rose 6% year over year to $137.5 million, driven by favorable mix, higher content on customer platforms and contributions from new program launches. Sales rose about 8% in the first half of fiscal 2026. As vehicle access and security systems continue to add more electronic content, Strattec’s content per vehicle can rise over time. That creates a favorab...

Sales and profitability leap: Sales rose 6% to $137.5M while gross margin expanded 330 basis points to 16.5%, and net income nearly quadrupled to about $5.0M (GAAP $1.21/share; adjusted EPS $1.71). Drivers and offsets to margin gains: Improvements were driven by pricing (~$3.1M), higher volumes and $1.7M of restructuring savings, but were partly offset by a ~$1.6M FX headwind, higher Mexico labor and tariff costs, and management warns some pricing benefits may lapse in H2. Balance sheet, cash flow and outlook: Q2 operating cash flow was $13.9M with $99M of cash and only $2.5M total debt; the company expects FY26 capex < $10M and ~ $40M annual operating cash flow, but forecasts H2 sales down ~3%–4% YoY while focusing long-term on power access and digital key growth (new wins likely not before 2029). Interested in Strattec Security Corporation? Here are five stocks we like better. Strattec Security (NASDAQ:STRT) reported what management described as a “strong” second quarter of fiscal 2026, highlighting higher profitability and cash generation despite a challenging macro backdrop that included supply chain issues in the automotive industry, moderating vehicle production, and foreign exchange pressure. President and CEO Jennifer Slater said sales increased 6% in the quarter, driven by pricing, favorable mix, higher content value, new program launches, and tariff recovery. Strattec reported gross margin of 16.5%, an expansion of 330 basis points from the prior year’s quarter. Slater said net income “nearly quadrupled” year-over-year to about $5.0 million, or $1.21 per diluted share, with adjusted earnings per share of $1.71. → AMD’s Post-Earnings Dip Looks Like the Buying Window Bulls Wanted Vice President and CFO Matthew Pauli said quarterly sales were $137.5 million. He noted the company has captured “accretive pricing” in a disciplined manner, though he cautioned that Strattec expects to “lapse some of the pricing benefits in the second half of the fiscal year.” Pauli also said the company recovered $1.3 million of tariff costs during the quarter, recorded in net sales, and reiterated that tariff recoveries tend to be delayed and may not align with the timing of the associated costs in any given quarter. Pauli attributed the quarter’s gross margin improvement to multiple factors, including approximately $3.1 million from pricing actions. He also cited higher...