STRATTEC SECURITY CORP
For the period ended Jun 30, 2024. Filed Sep 5, 2024.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Sep 5, 2024
STRT$61.02-0.9%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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CONSOLIDATED STATEMENTS OF INCOME (LOSS) AND COMPREHENSIVE INCOME (LOSS)
(IN THOUSANDS, EXCEPT PER SHARE AMOUNTS)
| Years Ended | ||
|---|---|---|
| June 30, 2024 | July 2, 2023 | |
| NET SALES | $537,766 | $492,946 |
| Cost of goods sold | 472,298 | 450,794 |
| GROSS PROFIT | 65,468 | 42,152 |
| Engineering, selling, and administrative expenses | 47,654 | 48,241 |
| INCOME (LOSS) FROM OPERATIONS | 17,814 | (6,089) |
| Equity (loss) earnings of joint ventures | (331) | 1,559 |
| Interest expense | (900) | (960) |
| Investment Income | 572 | — |
| Other income (expense), net | 3,048 | (2,178) |
| INCOME (LOSS) BEFORE BENEFIT FOR INCOME TAXES AND NON-CONTROLLING INTEREST | 20,203 | (7,668) |
| Provision for income taxes | 3,775 | 1,281 |
| NET INCOME (LOSS) | 16,428 | (8,949) |
| Net income (loss) attributable to non-controlling interest | 115 | (2,279) |
| NET INCOME (LOSS) ATTRIBUTABLE TO STRATTEC SECURITY CORPORATION | $16,313 | $(6,670) |
| COMPREHENSIVE INCOME (LOSS): | ||
| NET INCOME (LOSS) | $16,428 | $(8,949) |
| Currency translation adjustments, net of tax | (2,794) | 6,164 |
| Pension and postretirement plans, net of tax | 193 | 689 |
| TOTAL OTHER COMPREHENSIVE (LOSS) INCOME | (2,601) | 6,853 |
| COMPREHENSIVE INCOME (LOSS) | 13,827 | (2,096) |
| Comprehensive (loss) income attributable to non-controlling interest | (991) | 180 |
| COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO STRATTEC SECURITY CORPORATION | $14,818 | $(2,276) |
| INCOME (LOSS) PER SHARE ATTRIBUTABLE TO STRATTEC SECURITY CORPORATION: | ||
| Basic | $4.10 | $(1.70) |
| Diluted | $4.07 | $(1.70) |
| AVERAGE SHARES OUTSTANDING: | ||
| Basic | 3,975 | 3,921 |
| Diluted | 4,004 | 3,921 |
The accompanying Notes to Financial Statements are an integral part of these Consolidated Statements of Income (Loss) and Comprehensive Income (Loss).
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.