{"schema_version":"secwatch.filing_event.v1","accession":"0001140361-23-004166","form_type":"8-K","ticker":"STRT","cik":"0000933034","company_name":"STRATTEC SECURITY CORP","filed_at":"2023-02-02T23:59:59+00:00","discovered_at":"2026-05-14T18:03:48.638643+00:00","generated_at":"2026-06-20T03:13:59.177054+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"STRATTEC Q2 net loss of $1.8M vs income $3.4M YoY; gross margin halves to 6.5%","bullets":["Net sales $113.2M, flat YoY ($112.9M); diluted EPS -$0.47 vs +$0.87.","Gross profit margin fell to 6.5% from 13.2% on higher raw material, labor & shipping costs.","Sales to Stellantis dropped $6.1M to $17.0M on plant shutdowns; GM rose $4.4M to $35.5M.","Hyundai/Kia sales surged to $9.3M from $5.9M on Kia Carnival production.","CEO cites inflationary pressures; pursuing price increases and EV opportunities."],"urls":{"canonical":"https://secwatch.observer/filing/0001140361-23-004166","json":"https://secwatch.observer/filing/0001140361-23-004166.json","markdown":"https://secwatch.observer/filing/0001140361-23-004166.md","text":"https://secwatch.observer/filing/0001140361-23-004166.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/933034/000114036123004166/0001140361-23-004166-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/933034/000114036123004166/brhc10047421_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-20T03:13:59.177054+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"0a29df7f380d686b9e24cec74dfc74786cf47136","claim":"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.","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/933034/000114036123004166/0001140361-23-004166-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the fiscal second quarter ended January 1, 2023"},{"label":"Revenue","value":"$113.2 million"},{"label":"Net income","value":"Net loss was $1.8 million"},{"label":"EPS","value":"$0.47"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"fec27525565d5ee673c99ec6693cb828053c3d9d","claim":"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.","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/933034/000114036123004166/0001140361-23-004166-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the six months ended January 1, 2023"},{"label":"Revenue","value":"$233.5 million"},{"label":"Net income","value":"Net loss during the current year six-month period was $1.7 million"},{"label":"EPS","value":"$0.44"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}