secwatch.observer — SEC 8-K summary
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Issuer:     STRATTEC SECURITY CORP (STRT)
CIK:        0000933034
Form:       8-K
Filed at:   2024-05-10T23:59:59+00:00
Accession:  0000950170-24-057407
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/933034/000095017024057407/0000950170-24-057407-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/933034/000095017024057407/strt-20240509.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-057407

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer