{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-24-057407","form_type":"8-K","ticker":"STRT","cik":"0000933034","company_name":"STRATTEC SECURITY CORP","filed_at":"2024-05-10T23:59:59+00:00","discovered_at":"2026-05-14T18:03:22.541666+00:00","generated_at":"2026-06-02T04:36:40.722616+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"STRATTEC reports Q3 EPS $0.37 vs -$0.57 loss; revenue up 10.7%","bullets":["Diluted EPS $0.37 vs loss of $0.57 last year; net income $1.5M vs loss $2.3M.","Revenue $140.8M (+10.7% YoY) driven by $7.0M pricing increases and $6.6M new product sales.","Gross margin improved to 10.4% from 7.9%, helped by pricing and lower raw material costs, offset by FX and wage headwinds.","Operating cash flow negative $309K vs negative $1.2M; CapEx $1.7M vs $4.2M."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-24-057407","json":"https://secwatch.observer/filing/0000950170-24-057407.json","markdown":"https://secwatch.observer/filing/0000950170-24-057407.md","text":"https://secwatch.observer/filing/0000950170-24-057407.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/933034/000095017024057407/0000950170-24-057407-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/933034/000095017024057407/strt-20240509.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-02T04:36:40.722616+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"6c05c72693ba5bd5997e8bdc9aa54ecce2406d60","claim":"STRATTEC SECURITY CORP reported Third Quarter ended March 31, 2024 results: revenue $140,773 thousand, net income $1,506 thousand, EPS $0.37.","evidence_excerpt":"Third Quarter Fiscal 2024 Financial Summary Third Quarter Ending Mar 31, 2024 Apr. 2, 2023 Inc (Dec) (Dollars in thousands, except per share data) Net Sales $ 140,773 $ 127,183 $ 13,590 Gross Profit $ 14,684 $ 10,001 $ 4,683 Gross Margin 10.4% 7.9% Operating Expenses $ 12,725 $ 12,485 $ 240 Operating Income (Loss) from Operations $ 1,959 $ (2,484) $ 4,443 Net Income (Loss) $ 1,506 $ (2,256) $ 3,762 Diluted Earnings (Loss) Per Share $ 0.37 $ (0.57) $ 0.94","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/933034/000095017024057407/0000950170-24-057407-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"Third Quarter ended March 31, 2024"},{"label":"Revenue","value":"$140,773 thousand"},{"label":"Net income","value":"$1,506 thousand"},{"label":"EPS","value":"$0.37"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}