---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-22-015392"
form_type: "8-K"
ticker: "STRT"
cik: "0000933034"
company_name: "STRATTEC SECURITY CORP"
filed_at: "2022-04-21T23:59:59+00:00"
generated_at: "2026-06-26T06:01:21.744553+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# STRATTEC Q3 FY2022 EPS $0.80 vs $1.15 YoY; sales $115.9M down 5%

## Summary
- Net sales $115.9M, down 5% from $121.6M in Q3 FY2021.
- Net income $3.1M vs $4.5M; diluted EPS $0.80 vs $1.15.
- Gross margin fell to 12.6% from 15.3% on higher raw material costs and Mexican minimum wage.
- Customer production shutdowns due to semiconductor chip shortages continued to impact results.
- CEO notes COVID lockdowns in China as new headwind but sees long-term opportunities in EVs and power tailgate products.

## SEC filing metadata
- accession: 0001140361-22-015392
- form_type: 8-K
- ticker: STRT
- cik: 0000933034
- company_name: STRATTEC SECURITY CORP
- filed_at: 2022-04-21T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/933034/000114036122015392/0001140361-22-015392-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/933034/000114036122015392/brhc10036558_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-22-015392
- JSON: https://secwatch.observer/filing/0001140361-22-015392.json
- Plain text: https://secwatch.observer/filing/0001140361-22-015392.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.