secwatch.observer — SEC 8-K summary
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Issuer:     STRATTEC SECURITY CORP (STRT)
CIK:        0000933034
Form:       8-K
Filed at:   2025-05-08T23:59:59+00:00
Accession:  0000950170-25-067148
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

STRATTEC Q3 net income $5.4M; adj EBITDA margin 8.9%, cash from ops $20.7M
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- Net income attributable to STRT of $5.4M ($1.32 diluted EPS) vs $1.5M ($0.37) in prior-year quarter.
- Adjusted EBITDA $12.9M (8.9% of sales) vs $6.2M (4.4%) YoY; adjusted diluted EPS $1.50.
- Generated $20.7M cash from operations in Q3; total cash $62.1M with no revolver borrowings.
- Estimates annual tariff impact $9-12M before mitigation; shifting supply chain, passing costs to customers.
- Restructuring actions in Mexico and Milwaukee to generate ~$5M annual savings; headcount reduced 12% YTD.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/933034/000095017025067148/0000950170-25-067148-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/933034/000095017025067148/strt-20250508.htm
  HTML page:      https://secwatch.observer/filing/0000950170-25-067148

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