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Strattec Security Corp  (STRT)
Other Ticker:  
 
 
Price: $40.3100 $-0.22 -0.543%
Day's High: $41.25 Week Perf: 8.86 %
Day's Low: $ 39.34 30 Day Perf: 4.84 %
Volume (M): 18 52 Wk High: $ 43.15
Volume (M$): $ 705 52 Wk Avg: $27.86
Open: $40.53 52 Wk Low: $20.87



 Market Capitalization (Millions $) 163
 Shares Outstanding (Millions) 4
 Employees 3,365
 Revenues (TTM) (Millions $) 676
 Net Income (TTM) (Millions $) 20
 Cash Flow (TTM) (Millions $) 19
 Capital Exp. (TTM) (Millions $) 9

Strattec Security Corp

Automotive vehicle access systems, which are both theft deterrent and consumer friendly, are trending toward electro-mechanical devices. Electronic companies are developing user identification systems such as bio-systems, card holder (transmitter) systems, etc., while mechanical locks, keys, housings, and latches are evolving to accommodate electronics. The Company believes it is positioning itself as a vehicle access control supplier by building its product, engineering and manufacturing expertise in the required electro-mechanical products, which include vehicle access latches, keys with remote entry electronic systems, and ignition interface systems with passive start capabilities.

The Company engages in research and development activities pertinent to automotive access control. A major area of focus for research is the expanding role of vehicle access via electronic interlocks and modes of communicating authorization data between consumers and vehicles. Development activities include new products, applications and product performance improvements. In addition, specialized data collection equipment is developed to facilitate increased product development efficiency and continuous quality improvements.

The Company incurs costs related to tooling used in component production and assembly. Some of these costs are reimbursed by customers who then own the tools involved.

As is the case with other manufacturers, the Company is subject to Federal, state, local and foreign laws and other legal requirements relating to the generation, storage, transport, treatment and disposal of materials as a result of its manufacturing and assembly operations. These laws include the Resource Conservation and Recovery Act (as amended), the Clean Air Act (as amended), the Clean Water Act of 1990 (as amended) and the Comprehensive Environmental Response, Compensation and Liability Act (as amended). The Company has an environmental management system that is ISO-14001 certified. The Company believes that its existing environmental management system is adequate and it has no current plans for substantial capital expenditures in the environmental area.



   Company Address: 3333 West Good Hope Road Milwaukee 53209 WI
   Company Phone Number: 247-3333   Stock Exchange / Ticker: NASDAQ STRT


Customers Net Income fell by STRT's Customers Net Profit Margin fell to

-10.73 %

5.19 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
APTV        0.57% 
GPC        5.48% 
VC        1.87% 
BELFB        10.81% 
DOW   -3.04%    
GE        7.6% 
• View Complete Report
   



Strattec Security Corp

Auto & Truck Parts Companies Surge Ahead, Matching 2022's Revenue in Explosive First Quarter of 2023

Strattec Security Corp, a leading automotive security products manufacturer, recently released its financial report for the most recent fiscal period. The company reported a zero gain of $0.00 per share, a significant drop from $0.03 per share in the same reporting season a year ago. The previous reporting season showed a net deficit of $-0.69 per share, highlighting a positive improvement for the company.
The revenue for Strattec Security Corp remained static at $0.00 million, showcasing a sharp decrease from $119.50 million in the same reporting season a year before. Additionally, there was a sequential decline from $133.27 million, indicating potential challenges faced by the company in generating revenue in the most recent fiscal period.

Strattec Security Corp

Strattec Security Corp Delivers Impressive 31% Revenue Surge Amidst Losses: What's Next for the Company?



In the recently closed fiscal year, Strattec Security Corp faced both positive and negative financial outcomes. While the company witnessed a significant surge in revenue, it reported a substantial loss per share. These conflicting results raise questions about the future direction and impact on the company's overall performance.
1. Revenue Surge:
Strattec Security Corp experienced a commendable 31.271% increase in revenue, reaching $133.27 million for the fiscal period ending July 2, 2023. This growth showcases the company's ability to generate greater sales compared to the same reporting season the previous year, outperforming its Auto & Truck Parts industry peers who achieved an 8.54% rise during the same period. Additionally, the Accounts Receivable value of $89.8 million, higher than the preceding quarter, suggests an increasing demand for the company's products.

Strattec Security Corp

Strattec Security Corp's Remarkable 9.826% Surge in Revenue Powers Through, Solidifying its Position Amid the Third Quarter of 2023

As an avid investor in the financial markets, I closely follow the performance of various companies and their stocks. One company that has caught my attention recently is Strattec Security Corp. Their financial results for the fiscal third quarter of 2023 reveal both positive and negative aspects, providing insight into the company's current state and potential future prospects.
Starting with the negative, Strattec Security Corp experienced a significant increase in its loss per share during the fiscal third quarter of 2023. The loss per share extended to $-0.57 from $0.80 in the previous year, indicating a substantial decline in profitability. This is certainly concerning for investors, as profitability is a crucial aspect of any business.







Strattec Security's Segments
Door Handles Exterior Trim    25.5 % of total Revenue
Power Access    25.04 % of total Revenue
Keys Locksets    16.57 % of total Revenue
Latches    13.76 % of total Revenue
User Interface Controls    9.96 % of total Revenue
Aftermarket OE Service    7.24 % of total Revenue
Other    2.02 % of total Revenue





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