STRATTEC SECURITY CORP
For the period ended Sep 29, 2024. Filed Nov 7, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 29, 2024 · Filed Nov 7, 2024
STRT$61.59-0.6%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Balance Sheets
(In Thousands, Except Share Amounts)
| September 29,2024 | June 30, 2024 | |
|---|---|---|
| ASSETS | ||
| Current Assets: | ||
| Cash and cash equivalents | $34,403 | $25,410 |
| Receivables, net | 102,266 | 99,297 |
| Inventories: | ||
| Finished products | 18,540 | 19,833 |
| Work in process | 15,520 | 15,461 |
| Purchased materials | 49,734 | 46,355 |
| Inventories, net | 83,794 | 81,649 |
| Pre-production costs | 15,265 | 22,173 |
| Value-added tax recoverable | 20,624 | 19,684 |
| Other current assets | 4,396 | 5,601 |
| Total current assets | 260,748 | 253,814 |
| Deferred income taxes | 17,235 | 17,593 |
| Other long-term assets | 6,363 | 6,698 |
| Net property, plant and equipment | 82,521 | 86,184 |
| $366,867 | $364,289 | |
| LIABILITIES AND SHAREHOLDERS’ EQUITY | ||
| Current Liabilities: | ||
| Accounts payable | $59,461 | $54,911 |
| Accrued Liabilities: | ||
| Payroll and benefits | 25,421 | 28,953 |
| Value-added tax payable | 10,982 | 9,970 |
| Environmental | 1,390 | 1,390 |
| Warranty | 10,698 | 10,695 |
| Other | 11,619 | 12,369 |
| Total current liabilities | 119,571 | 118,288 |
| Borrowings under credit facilities – long-term | 13,000 | 13,000 |
| Accrued pension obligations | 1,417 | 1,379 |
| Accrued postretirement obligations | 1,041 | 1,050 |
| Other long-term liabilities | 4,778 | 4,957 |
| Shareholders’ Equity: | ||
| Common stock, authorized 18,000,000 shares, $.01 par value, 7,624,120 issued shares at September 29, 2024 and 7,586,920 issued shares at June 30, 2024 | 76 | 76 |
| Capital in excess of par value | 101,218 | 101,024 |
| Retained earnings | 254,315 | 250,612 |
| Accumulated other comprehensive loss | (17,104) | (15,689) |
| Less: treasury stock, at cost (3,597,715 shares at September 29, 2024 and 3,589,126 shares at June 30, 2024) | (135,471) | (135,478) |
| Total STRATTEC SECURITY CORPORATION shareholders’ equity | 203,034 | 200,545 |
| Non-controlling interest | 24,026 | 25,070 |
| Total shareholders’ equity | 227,060 | 225,615 |
| $366,867 | $364,289 | |
The accompanying notes are an integral part of these Condensed Consolidated Balance Sheets.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.