---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-22-029244"
form_type: "8-K"
ticker: "STRT"
cik: "0000933034"
company_name: "STRATTEC SECURITY CORP"
filed_at: "2022-08-11T23:59:59+00:00"
generated_at: "2026-06-24T01:16:17.818286+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# STRATTEC reports fiscal Q4 EPS $0.10 vs $0.75; net income drops 86% on cost headwinds

## Summary
- Q4 net sales $123.1M (14 weeks) vs $110.1M (13 wks); extra week added ~$7.4M; net income $0.4M vs $2.9M.
- Full-year net sales $452.3M vs $485.3M; diluted EPS $1.80 vs $5.85; gross margin 11.3% vs 13.9%.
- Higher raw material costs hurt gross margin by 340 bps; Mexican min wage increase; VAST China JV shut on COVID restrictions.
- Sales increased at GM, Stellantis, Ford, Tier1; declined at Hyundai/Kia and Commercial/OEM.

## SEC filing metadata
- accession: 0001140361-22-029244
- form_type: 8-K
- ticker: STRT
- cik: 0000933034
- company_name: STRATTEC SECURITY CORP
- filed_at: 2022-08-11T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/933034/000114036122029244/0001140361-22-029244-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/933034/000114036122029244/brhc10040629_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-22-029244
- JSON: https://secwatch.observer/filing/0001140361-22-029244.json
- Plain text: https://secwatch.observer/filing/0001140361-22-029244.txt

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