Strattec Security Reports Q1 Earnings Beat with Non-GAAP EPS of $1.85
Strattec Security Corporation (STRT) reported first-quarter financial results that exceeded analyst expectations for both earnings and revenue. The company posted a non-GAAP earnings per share (EPS) of $1.85, surpassing estimates by $0.38, while total revenue reached $147.2 million, beating projections by $0.6 million. Despite the beat, revenue saw a year-over-year decline of 3.4%. Looking ahead, the company has outlined long-term financial targets, aiming for gross margins between 18% and 20% over the next few years, supported by an expected capital expenditure of $12 million for fiscal year 2027.
Tickers: $STRT
Topics: earnings beat non-GAAP EPS revenue report
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