---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-24-026867"
form_type: "8-K"
ticker: "SWAG"
cik: "0001872525"
company_name: "Stran & Company, Inc."
filed_at: "2024-03-28T23:59:59+00:00"
generated_at: "2026-06-04T06:35:58.114257+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Stran posts record FY2023 sales of $75.9M, achieves profitability

## Summary
- Sales $75.9M (+28.7% YoY); gross profit up 50.2% to $24.9M; gross margin 32.8% vs 28.1%.
- Net earnings $35K vs net loss $778K in 2022; Q4 net earnings $0.8M on record Q4 sales of $23.3M.
- Organic sales growth 16.6% to $61.2M; acquisitions contributed ~$14.7M (19.4% of sales).
- Q4 operating income up 156% to $1.1M; cash and investments ~$18.5M at year-end 2023.
- Fourth acquisition (T R Miller) closed in June 2023; continued M&A pipeline active.

## SEC filing metadata
- accession: 0001213900-24-026867
- form_type: 8-K
- ticker: SWAG
- cik: 0001872525
- company_name: Stran & Company, Inc.
- filed_at: 2024-03-28T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1872525/000121390024026867/0001213900-24-026867-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1872525/000121390024026867/ea0202737-8k_stran.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-24-026867
- JSON: https://secwatch.observer/filing/0001213900-24-026867.json
- Plain text: https://secwatch.observer/filing/0001213900-24-026867.txt

## Key facts
- Earnings Releases
  Stran & Company, Inc. reported the fourth fiscal quarter and fiscal year ended December 31, 2023 results: revenue approximately $75.9 million, net income approximately $35,000.
  - Period: the fourth fiscal quarter and fiscal year ended December 31, 2023
  - Revenue: approximately $75.9 million
  - Net income: approximately $35,000
  - Result: reported results
  source text: the year ended December 31, 2023. Andy Shape, President and CEO of Stran, commented, “We made meaningful progress throughout 2023, resulting in record sales of approximately $75.9 million, a 28.7% increase over the prior year. Additionally, our gross profit increased 50.2% to approximately $24.9 million, with our gross margin increasing to 32.8% compared to 28.1%
  evidence_url: https://www.sec.gov/Archives/edgar/data/1872525/000121390024026867/0001213900-24-026867-index.htm

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