---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-22-038658"
form_type: "8-K"
ticker: "STRT"
cik: "0000933034"
company_name: "STRATTEC SECURITY CORP"
filed_at: "2022-10-27T23:59:59+00:00"
generated_at: "2026-06-23T00:37:43.203963+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# STRATTEC reports Q1 FY2023 sales up 20% to $120.4M; EPS flat at $0.03

## Summary
- Net sales $120.4M (+20% YoY) driven by improved chip availability; diluted EPS $0.03 unchanged.
- Gross margin fell to 10.4% from 12.5% due to higher material and labor costs.
- Sales to GM $38.2M, Ford $24.6M, Stellantis $17.2M; Hyundai/Kia declined to $8.3M.
- Equity income from VAST LLC JV improved to $527K from a $251K loss.
- Management cites inflationary headwinds, but investing in EV opportunities and maintaining inventory.

## SEC filing metadata
- accession: 0001140361-22-038658
- form_type: 8-K
- ticker: STRT
- cik: 0000933034
- company_name: STRATTEC SECURITY CORP
- filed_at: 2022-10-27T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/933034/000114036122038658/0001140361-22-038658-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/933034/000114036122038658/brhc10043317_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-22-038658
- JSON: https://secwatch.observer/filing/0001140361-22-038658.json
- Plain text: https://secwatch.observer/filing/0001140361-22-038658.txt

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