---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-24-006393"
form_type: "8-K"
ticker: "STRT"
cik: "0000933034"
company_name: "STRATTEC SECURITY CORP"
filed_at: "2024-02-08T23:59:59+00:00"
generated_at: "2026-06-06T06:16:08.423089+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# STRATTEC reports Q2 fiscal 2024 EPS of $0.26 vs loss of $0.47; revenue up 4.7%

## Summary
- Diluted EPS $0.26 compared to a loss of $0.47 in prior-year quarter; net income of $1.0M vs loss $1.8M.
- Revenue $118.5M, +4.7% YoY, driven by $8.0M of customer pricing increases partially offset by $2.7M lower sales to a major customer and UAW strike effects.
- Gross margin expanded to 11.4% from 6.5% due to pricing, lower raw material costs, and $780K Mexican operations efficiencies; offset by $2.5M FX headwinds and $1.3M Mexico minimum wage increase.
- Operating cash flow negative $3.0M vs positive $4.0M last year, due to temporary working capital increases in inventory, customer tooling, and VAT recoverable.
- Board changes: F. Jack Liebau appointed Chairman, Harold Stratton II Vice Chairman, effective January 5, 2024.

## SEC filing metadata
- accession: 0001140361-24-006393
- form_type: 8-K
- ticker: STRT
- cik: 0000933034
- company_name: STRATTEC SECURITY CORP
- filed_at: 2024-02-08T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/933034/000114036124006393/0001140361-24-006393-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/933034/000114036124006393/ef20020613_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-24-006393
- JSON: https://secwatch.observer/filing/0001140361-24-006393.json
- Plain text: https://secwatch.observer/filing/0001140361-24-006393.txt

## Key facts
- Earnings Releases
  STRATTEC SECURITY CORP reported Second Quarter Ending Dec. 31, 2023 results: revenue Net Sales $ 118,532 $ 113,184 $ 5,348, net income Net Income $ 1,022 $ (1,839 ) $ 2,861, EPS Diluted Earnings Per Share $ 0.26 $ (0.47 ) $ 0.73.
  - Period: Second Quarter Ending Dec. 31, 2023
  - Revenue: Net Sales $ 118,532 $ 113,184 $ 5,348
  - Net income: Net Income $ 1,022 $ (1,839 ) $ 2,861
  - EPS: Diluted Earnings Per Share $ 0.26 $ (0.47 ) $ 0.73
  - Result: reported results
  source text: Second Quarter Fiscal 2024 Financial Summary Second Quarter Ending Dec. 31, 2023 Jan. 1, 2023 Inc (Dec) (Dollars in thousands, except per share data) Net Sales $ 118,532 $ 113,184 $ 5,348 Gross Profit $ 13,497 $ 7,387 $ 6,110 Gross Margin 11.4 % 6.5 % Operating Expenses $ 13,439 $ 12,081 $ 1,358 Operating Income $ 58 $ (4,694 ) $ 4,752 Net Income $ 1,022 $ (1,839 ) $ 2,861 Diluted Earnings Per Share $ 0.26 $ (0.47 ) $ 0.73
  evidence_url: https://www.sec.gov/Archives/edgar/data/933034/000114036124006393/0001140361-24-006393-index.htm
- Earnings Releases
  STRATTEC SECURITY CORP reported fiscal second quarter ended December 31, 2023 results: revenue Net Sales $118,532, net income Net Income $1,022, EPS $0.26.
  - Period: fiscal second quarter ended December 31, 2023
  - Revenue: Net Sales $118,532
  - Net income: Net Income $1,022
  - EPS: $0.26
  - Result: reported results
  source text: our customers.” Second Quarter Fiscal 2024 Financial Summary Second Quarter Ending Dec. 31, 2023 Jan. 1, 2023 Inc (Dec) (Dollars in thousands, except per share data) Net Sales $ 118,532 $ 113,184 $ 5,348 Gross Profit $ 13,497 $ 7,387 $ 6,110 Gross Margin 11.4 % 6.5 % Operating Expenses $ 13,439 $ 12,081 $ 1,358 Operating Income $ 58 $ (4,694 ) $ 4,752 Net Income
  evidence_url: https://www.sec.gov/Archives/edgar/data/933034/000114036124006393/0001140361-24-006393-index.htm

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