STRATTEC SECURITY CORP
For the period ended Sep 28, 2025. Filed Oct 31, 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.
Sep 28, 2025 · Filed Oct 31, 2025
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 Balance Sheets (Unaudited)
(in thousands, except share amounts and per share amounts)
| September 28,2025 | June 29,2025 | |
|---|---|---|
| ASSETS | ||
| Current Assets: | ||
| Cash and cash equivalents | $90,473 | $84,579 |
| Receivables, net | 102,674 | 102,061 |
| Inventories: | ||
| Finished products | 9,985 | 12,398 |
| Work in process | 11,762 | 11,303 |
| Purchased materials | 39,845 | 41,000 |
| Inventories, net | 61,592 | 64,701 |
| Pre-production costs | 7,480 | 8,657 |
| Value-added tax recoverable | 20,194 | 19,389 |
| Other current assets | 7,712 | 10,676 |
| Total current assets | 290,125 | 290,063 |
| Noncurrent Assets: | ||
| Property, plant and equipment: | ||
| Land and improvements | 6,699 | 6,582 |
| Buildings and improvements | 41,094 | 39,821 |
| Machinery and equipment | 234,981 | 236,545 |
| Total property, plant and equipment | 282,774 | 282,948 |
| Less: accumulated depreciation | 207,140 | 205,538 |
| Property, plant and equipment, net | 75,634 | 77,410 |
| Deferred income taxes | 19,649 | 19,531 |
| Other noncurrent assets | 4,649 | 4,450 |
| Total Assets | $390,057 | $391,454 |
| LIABILITIES AND SHAREHOLDERS' EQUITY | ||
| Current Liabilities: | ||
| Accounts payable | $61,077 | $65,824 |
| Accrued payroll and benefits | 15,386 | 22,956 |
| Value-added tax payable | 13,259 | 11,933 |
| Warranty reserve | 9,848 | 8,900 |
| Current portion of borrowings under credit facilities | 5,000 | - |
| Other current liabilities | 11,939 | 9,737 |
| Total current liabilities | 116,509 | 119,350 |
| Noncurrent Liabilities: | ||
| Noncurrent portion of borrowings under credit facilities | - | 8,000 |
| Post-employment benefits | 13,609 | 13,325 |
| Other noncurrent liabilities | 4,160 | 4,348 |
| Total Liabilities | $134,278 | $145,023 |
| Shareholders' Equity: | ||
| Common stock, authorized 18,000,000 shares, $.01 par value, 7,675,676 issued shares at September 28, 2025 and 7,635,883 issued shares at June 29, 2025 | $76 | $76 |
| Capital in excess of par value | 104,464 | 103,784 |
| Retained earnings | 277,826 | 269,297 |
| Accumulated other comprehensive loss | (15,453) | (16,113) |
| Less: treasury stock, at cost (3,610,271 shares at September 28, 2025 and 3,596,549 shares at June 29, 2025) | (136,366) | (135,452) |
| Total Strattec shareholders’ equity | 230,547 | 221,592 |
| Non-controlling interest | 25,232 | 24,839 |
| Total Shareholders' Equity | 255,779 | 246,431 |
| Total Liabilities and Shareholders' Equity | $390,057 | $391,454 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.