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Strattec Security (STRT)
:STRT
Earnings Data
Report Date
May 08, 2025TBA Not Confirmed
Period Ending
2025 (Q3)Consensus EPS Forecast
0.95Last Year’s EPS
0.37Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 06, 2025
|% Change Since: -11.03%
|Next Earnings Date:May 08, 2025
Earnings Call Sentiment|Positive
The earnings call presented a generally positive outlook with significant improvements in cash flow, revenue, and margins, alongside strategic pricing gains and product line growth. However, challenges such as increased labor costs and declines in sales to specific customers were acknowledged, alongside the uncertainties posed by tariffs.Company Guidance
During the second quarter of fiscal year 2025, Strattec Security Corporation demonstrated solid financial performance and strategic progress. The company generated $9.4 million in cash from operations, contributing to a total of approximately $21 million in cash flow for the first half of the fiscal year. Revenue increased by almost 10%, and adjusted EBITDA margin expanded by 180 basis points. Notably, power access product sales surged by 27% year-over-year, while engineered latches grew by 20%, offsetting declines in key and lockset sales. The company achieved $8 million in new annualized pricing, anticipated to take effect in the third quarter. Additionally, Strattec reduced its preproduction tooling cost balances by $10.5 million, nearly halving the amount since the fiscal year's start. Gross profit rose by 27% to $17.2 million, benefiting from favorable foreign exchange and higher production volumes. Adjusted EBITDA for the quarter was $8 million, reflecting a 60% increase from the previous year, with an adjusted EBITDA margin of 6.1%. Strattec ended the quarter with $42.6 million in cash, emphasizing operational efficiencies and organic growth as key capital priorities.Strong Cash Flow from Operations
Generated $9.4 million in cash from operations during the quarter, totaling approximately $21 million for the first half of the fiscal year, a significant improvement over the previous year.
Revenue Growth
Revenue grew almost 10% despite the previous year's quarter benefiting from $4 million in retroactive pricing.
Margin Improvement
Adjusted EBITDA margin expanded by 180 basis points.
New Annualized Pricing Captured
Captured about $8 million in new annualized pricing, expected to begin realizing in the third quarter.
Strong Performance in Power Access and Engineered Latches
Sales of power access products increased by 27% year over year, and engineered latches grew by 20%.
Net Income Increase
Net income for the second quarter rose by 29% to $1.3 million.
Adjusted EBITDA Growth
Adjusted EBITDA for the quarter was $8 million, up 60% compared to the previous year.
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STRT Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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STRT Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 06, 2025 | $38.25 | $36.85 | -3.66% |
| Nov 04, 2024 | $37.03 | $37.01 | -0.05% |
| Aug 08, 2024 | $23.80 | $30.00 | +26.05% |
| May 09, 2024 | $22.38 | $23.75 | +6.12% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Strattec Security (STRT) report earnings?
Strattec Security (STRT) is schdueled to report earning on May 08, 2025, TBA Not Confirmed.
What is Strattec Security (STRT) earnings time?
Strattec Security (STRT) earnings time is at May 08, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is STRT EPS forecast?
STRT EPS forecast for the fiscal quarter 2025 (Q3) is 0.95.
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