secwatch.observer — SEC 8-K summary
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Issuer:     STRATTEC SECURITY CORP (STRT)
CIK:        0000933034
Form:       8-K
Filed at:   2024-08-08T23:59:59+00:00
Accession:  0000950170-24-093845
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

STRATTEC Q4 EPS $2.39 vs loss $0.69; revenue up 8.2% to $143.1M
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- Diluted EPS of $2.39 compared to $0.69 loss in prior-year quarter; net income $9.6M vs loss $2.7M.
- Revenue $143.1M, up 8.2% YoY driven by $6.9M price increases and $3.9M new product sales.
- Gross margin expanded to 13.0% from 9.3% on pricing, higher sales, and lower raw material costs.
- Full-year net income $16.3M ($4.07 diluted EPS) vs loss $6.7M ($1.70 loss) in FY2023.
- Operating cash flow $19.4M in Q4; cash and equivalents $25.4M; total debt $13.0M at JV level.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/933034/000095017024093845/0000950170-24-093845-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/933034/000095017024093845/strt_form_8-k_q4_2024.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-093845

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