---
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"
generated_at: "2026-06-02T04:36:40.722616+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# STRATTEC reports Q3 EPS $0.37 vs -$0.57 loss; revenue up 10.7%

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-057407
- JSON: https://secwatch.observer/filing/0000950170-24-057407.json
- Plain text: https://secwatch.observer/filing/0000950170-24-057407.txt

## Key facts
- Earnings Releases
  STRATTEC SECURITY CORP reported Third Quarter ended March 31, 2024 results: revenue $140,773 thousand, net income $1,506 thousand, EPS $0.37.
  - Period: Third Quarter ended March 31, 2024
  - Revenue: $140,773 thousand
  - Net income: $1,506 thousand
  - EPS: $0.37
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/933034/000095017024057407/0000950170-24-057407-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.