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$61.02-0.9%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Income and Comprehensive Income (Unaudited)
Condensed Consolidated Statements of Income and Comprehensive Income
(In Thousands, Except Per Share Amounts)
| Three Months Ended | ||
|---|---|---|
| September 29,2024 | October 1,2023 | |
| Net sales | $139,052 | $135,406 |
| Cost of goods sold | 120,131 | 116,686 |
| Gross profit | 18,921 | 18,720 |
| Engineering, selling and administrative expenses | 13,858 | 12,614 |
| Income from operations | 5,063 | 6,106 |
| Equity loss from joint ventures | — | (265) |
| Interest expense | (295) | (220) |
| Investment income | 349 | 87 |
| Other income, net | 129 | 134 |
| Income before provision for income taxes and non-controlling interest | 5,246 | 5,842 |
| Provision for income taxes | 1,498 | 1,387 |
| Net income | 3,748 | 4,455 |
| Net income attributable to non- controlling interest | 45 | 290 |
| Net income attributable to STRATTEC SECURITY CORPORATION | $3,703 | $4,165 |
| Comprehensive income: | ||
| Net income | $3,748 | $4,455 |
| Pension and postretirement plans, net of tax | 256 | 46 |
| Currency translation adjustments | (2,760) | (649) |
| Other comprehensive loss, net of tax | (2,504) | (603) |
| Comprehensive income | 1,244 | 3,852 |
| Comprehensive (loss) income attributable to non-controlling interest | (1,044) | 20 |
| Comprehensive income attributable to STRATTEC SECURITY CORPORATION | $2,288 | $3,832 |
| Earnings per share attributable to STRATTEC SECURITY CORPORATION: | ||
| Basic | $0.92 | $1.05 |
| Diluted | $0.92 | $1.05 |
| Weighted Average shares outstanding: | ||
| Basic | 4,005 | 3,948 |
| Diluted | 4,046 | 3,974 |
The accompanying notes are an integral part of these Condensed Consolidated Statements of Income and Comprehensive Income.
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