STRATTEC SECURITY CORP
For the period ended Mar 30, 2025. Filed May 9, 2025.
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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.
Mar 30, 2025 · Filed May 9, 2025
STRT$61.96+2.5%Stored close · as of Nov 6, 2026
Contents
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 | Nine Months Ended | |||
|---|---|---|---|---|
| March 30,2025 | March 31,2024 | March 30,2025 | March 31,2024 | |
| Net sales | $144,082 | $140,773 | $413,053 | $394,711 |
| Cost of goods sold | 120,977 | 126,089 | 353,876 | 347,810 |
| Gross profit | 23,105 | 14,684 | 59,177 | 46,901 |
| Engineering, selling and administrative expenses | 16,020 | 12,725 | 44,895 | 38,778 |
| Income from operations | 7,085 | 1,959 | 14,282 | 8,123 |
| Interest expense | (243) | (222) | (795) | (661) |
| Investment income | 529 | 143 | 1,286 | 337 |
| Other (expense) income, net | (16) | (208) | (369) | 759 |
| Income before provision for income taxes and non-controlling interest | 7,355 | 1,672 | 14,404 | 8,558 |
| Provision for income taxes | 1,644 | 546 | 3,547 | 2,197 |
| Net income | 5,711 | 1,126 | 10,857 | 6,361 |
| Net income (loss) attributable to non- controlling interest | 315 | (380) | 439 | (332) |
| Net income attributable to STRATTEC SECURITY CORPORATION | $5,396 | $1,506 | $10,418 | $6,693 |
| Comprehensive income: | ||||
| Net income | $5,711 | $1,126 | $10,857 | $6,361 |
| Pension and postretirement plans, net of tax | 36 | 46 | 328 | 139 |
| Currency translation adjustments | (77) | 1,043 | (4,082) | 1,408 |
| Other comprehensive income, net of tax | (41) | 1,089 | (3,754) | 1,547 |
| Comprehensive income | 5,670 | 2,215 | 7,103 | 7,908 |
| Comprehensive income (loss) attributable to non-controlling interest | 283 | 36 | (1,168) | 226 |
| Comprehensive income attributable to STRATTEC SECURITY CORPORATION | $5,387 | $2,179 | $8,271 | $7,682 |
| Earnings per share attributable to STRATTEC SECURITY CORPORATION: | ||||
| Basic | $1.34 | $0.38 | $2.59 | $1.69 |
| Diluted | $1.32 | $0.37 | $2.56 | $1.67 |
| Weighted Average shares outstanding: | ||||
| Basic | 4,039 | 3,988 | 4,026 | 3,971 |
| Diluted | 4,085 | 4,017 | 4,067 | 3,996 |
The accompanying notes are an integral part of these Condensed Consolidated Statements of Income and Comprehensive Income.
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