secwatch / observer
8-K filed February 2, 2023, 6:59 PM ET ticker STRT CIK 0000933034
earnings confidence high sentiment negative materiality 0.75

STRATTEC Q2 net loss of $1.8M vs income $3.4M YoY; gross margin halves to 6.5%

STRATTEC SECURITY CORP

2023-Q2 EPS reported -$0.44 revenue$233,544,000

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

STRATTEC SECURITY CORP reported the fiscal second quarter ended January 1, 2023 results: revenue $113.2 million, net income Net loss was $1.8 million, EPS $0.47.

Period
the fiscal second quarter ended January 1, 2023
Revenue
$113.2 million
Net income
Net loss was $1.8 million
EPS
$0.47
Result
reported results
Exact text from the filing
Net sales for the second quarter ended January 1, 2023 were $113.2 million, compared to net sales of $112.9 million for the second quarter ended December 26, 2021. Net loss was $1.8 million in the current year second quarter, compared to net income of $3.4 million in the prior year second quarter. Diluted loss per share for the current year second quarter was $0.47 compared to diluted earnings per share of $0.87 in the prior year second quarter.
View on SEC.gov
Earnings Releases SEC 8-K Item 2.02 confidence 0.95

STRATTEC SECURITY CORP reported the six months ended January 1, 2023 results: revenue $233.5 million, net income Net loss during the current year six-month period was $1.7 million, EPS $0.44.

Period
the six months ended January 1, 2023
Revenue
$233.5 million
Net income
Net loss during the current year six-month period was $1.7 million
EPS
$0.44
Result
reported results
Exact text from the filing
For the six months ended January 1, 2023, the Company’s net sales were $233.5 million compared to net sales of $213.2 million in the prior year six-month period. Net loss during the current year six-month period was $1.7 million compared to a net income of $3.5 million during the prior year six-month period. Diluted loss per share was $0.44 during the six-month period ended January 1, 2023 compared to diluted earnings per share of $0.89 during the six-month period ended December 26, 2021.
View on SEC.gov

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STRATTEC SECURITY CORP filing history →

Source: SEC EDGAR
accession 0001140361-23-004166
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