Strattec Security Corporation Outlines Long-Term Margin and Cash Flow Targets
Strattec Security Corporation (STRT) management has provided long-term financial guidance as part of its ongoing business transformation strategy. The company is targeting a gross margin of 15% to 16% by fiscal year 2027, alongside an operating cash flow goal of $40 million. CEO Jennifer Slater noted that recent quarterly results indicate progress in evolving the company into a more resilient and higher-performing entity. During the first quarter of fiscal 2027, the company reported generating $10.8 million in cash, serving as a foundational step toward its multi-year financial objectives.
Tickers: $STRT
Topics: cash flow earnings financial performance
Read the full article at Seeking Alpha
Part of the story Strattec Security Corporation Reports Q1 2027 Results Amid Declining Automotive Production (2 articles)