secwatch.observer — SEC 8-K summary
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Issuer:     STRATTEC SECURITY CORP (STRT)
CIK:        0000933034
Form:       8-K
Filed at:   2025-02-06T23:59:59+00:00
Accession:  0000950170-25-015438
Event type: earnings
Sentiment:  positive
Materiality: 0.60
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

STRATTEC Q2 revenue $129.9M (+9.6% YoY); adj. EPS $0.65 vs $0.36
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- Net sales $129.9M, up $11.4M (+9.6%) on new program launches and higher demand.
- Net income $1.3M ($0.32 EPS); adjusted diluted EPS $0.65 vs $0.36 in prior year.
- Operating cash flow $9.4M in Q2; YTD $20.8M. Adjusted EBITDA $8.0M (6.1% of sales) vs $5.0M (4.3%).
- Restructuring U.S. manufacturing: shift reductions expected to generate $1.2M annualized savings.
- New chief commercial officer and HR leadership hired; company proactively addressing tariff risks.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/933034/000095017025015438/0000950170-25-015438-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/933034/000095017025015438/strt-20250206.htm
  HTML page:      https://secwatch.observer/filing/0000950170-25-015438

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