Strattec — First Quarter Fiscal 2027 Earnings Summary

Strattec reported first-quarter fiscal 2027 net sales of $147.2 million, a 3% decrease from the prior year, driven primarily by lower customer production volumes. The company generated $10.8 million in cash from operations and maintained a strong balance sheet with $111.8 million in cash and no debt at the quarter's end. Net income attributable to Strattec was $4.8 million, or $1.19 per diluted share, while adjusted diluted earnings per share reached $1.85. During the quarter, the company repurchased 67,904 shares for $5.0 million and incurred $2.4 million in business development expenses to advance strategic acquisition opportunities.