earnings
confidence high
sentiment neutral
materiality 0.65
STRATTEC Q1 FY2025 revenue $139.1M, adjusted EPS $0.92; ops cash flow $11.3M
STRATTEC SECURITY CORP
2025-Q1 EPS reported
$0.92
revenue$139,052,000
- Net sales attributable to STRT up 2.7% YoY to $139.1M; adjusted net sales +9.1% excluding prior-year $8M one-time pricing.
- Gross margin 13.6% vs 13.8% (prior-year included 470 bps benefit); adjusted gross margin improved to 13.6% from 9.1%.
- Net income $3.7M ($0.92 diluted EPS) vs $4.2M ($1.05) prior year; adjusted net income $3.7M vs loss of $0.6M.
- Cash from operations $11.3M vs cash used $3.9M in Q1 FY2024; capex $2.1M.
- Added chief people officer and chief commercial officer; evaluating portfolio and operational footprint for profitability.