STRATTEC SECURITY CORP - 8-K Filing
Strattec Security Corporation reported fiscal third quarter results for the period ended March 29, 2026. The company recorded net sales of $137.6 million, a 4.5% decline from the prior year due to lower North American OEM automotive production volumes and customer EV program cancellations. Gross margin improved by 50 basis points to 16.5%, driven by restructuring savings and recoveries despite foreign exchange headwinds. Net income attributable to Strattec was $3.2 million, or $0.78 per diluted share, compared with $5.4 million, or $1.32 per diluted share in the prior year. (Items: 2.02 Results of Operations and Financial Condition, 7.01 Regulation FD Disclosure, 9.01 Financial Statements and Exhibits)
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