secwatch.observer — SEC 8-K summary
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Issuer:     STRATTEC SECURITY CORP (STRT)
CIK:        0000933034
Form:       8-K
Filed at:   2026-05-07T23:59:59+00:00
Accession:  0001193125-26-212420
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Strattec Q3 FY2026 EPS $0.78; sales down 4.5% to $137.6M; cash $107M
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- Net sales $137.6M, down $6.5M (4.5%) YoY; gross margin improved 50bps to 16.5%.
- Net income $3.2M ($0.78 diluted EPS); adjusted EPS $0.90 vs. $1.50 prior year.
- Adjusted EBITDA $10.1M (7.3% margin) vs. $12.9M (8.9%) in Q3 FY2025.
- Cash from operations $11.4M; total cash $107M, up from $84.6M at fiscal year-end.
- Customer EV program cancellations reduced sales by $3.4M; tariff recoveries contributed $0.6M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/933034/000119312526212420/0001193125-26-212420-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/933034/000119312526212420/strt-20260507.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-212420

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