Earnings Releases·Oct 29, 2026, 4:30 PM ET

Strattec — First Quarter Fiscal 2027 Earnings Summary

Net sales decreased 3% year-over-year to $147.2 million, while net income attributable to Strattec fell 44% to $4.8 million ($1.19 per share) compared to $8.5 million ($2.07 per share) in the prior year.
Gross margin contracted 80 basis points to 16.5% due to unfavorable foreign currency exchange rates, elevated premium freight, and labor cost increases, though sequential gross margin improved from 15.6% in Q4 fiscal 2026.
The company repurchased 67,904 shares for $5.0 million during the quarter, leaving $35.0 million remaining under the share repurchase authorization, and maintains a balance sheet with $111.8 million in cash and no debt.
Management expects $1.3 million in annualized savings from Mexico operations and continues an active acquisition funnel to diversify customers and enhance product offerings, though additional acquisition-related expenses may be incurred.