Latest news with #Strattec
Business Wire
2 days ago
- Automotive
- Business Wire
Strattec to Present at the Midwest IDEAS Investor Conference
MILWAUKEE--(BUSINESS WIRE)-- Strattec Security Corporation (Nasdaq: STRT) ('Company'), a leading provider of smart vehicle access, security and authorization solutions for the global automotive industry, today announced that Jennifer Slater, President & CEO, and Matthew Pauli, Chief Financial Officer, will present and host investor meetings at the Midwest IDEAS Investor Conference in Chicago, IL on Tuesday, August 26, 2025. The Company presentation is scheduled to begin at 10:00 a.m. Central Time. A live audio webcast of the event with accompanying slides will be available at STRT Investor Relations. An archive of the presentation will be available at the same link following the conference. About Strattec Strattec is a leading global provider of advanced automotive access, security & authorization solutions for leading vehicle manufacturers, primarily in the U.S. With a history spanning over 110 years, Strattec has consistently been at the forefront of innovation in vehicle security, transitioning from mechanical to integrated electro-mechanical systems. Its highly-engineered products include power access solutions, latches, vehicle start systems, keys, fobs & accessories, locks & locksets, door handles and other access products. Power access solutions provide the motion control for power liftgates, sliding power doors and power tailgates. For more information on Strattec and its solutions, visit
Yahoo
4 days ago
- Business
- Yahoo
Strattec to Report Q4 Earnings: What's in Store for the Stock?
Strattec Security Corporation STRT is slated to release fourth-quarter fiscal 2025 results on Aug. 14, after the closing bell. The Zacks Consensus Estimate for the to-be-reported quarter's earnings and revenues is pegged at $1.07 per share and $143.51 million, the fiscal fourth quarter, the consensus estimate for STRT's earnings per share has moved up 16 cents in the past 90 days. Its bottom-line estimates imply a decline of 55.23% from the year-ago reported Zacks Consensus Estimate for revenues suggests year-over-year growth of 0.32%.STRT surpassed the Zacks Consensus Estimate in each of the trailing four quarters, the average surprise being 195.82%. This is depicted in the graph below: Strattec Security Corporation Price and EPS Surprise Strattec Security Corporation price-eps-surprise | Strattec Security Corporation Quote Highlights In third-quarter fiscal 2025, Strattec reported quarterly earnings of $1.50 per share, which surpassed the Zacks Consensus Estimate of 95 cents. STRT had reported earnings of 37 cents in the third quarter of fiscal 2024. The company posted revenues of $144 million, which surpassed the Zacks Consensus Estimate of $141 million and rose 2.1% from the year-ago quarter. Things to Note In the fiscal third quarter, Strattec's gross margin rose 560 basis points year over year to 16%, supported by ongoing gains in material and labor cost efficiencies. Adjusted EBITDA reached $12.9 million, or 9% of sales, compared to 4.4% a year earlier. Amid the cost optimization efforts, gross margin and adjusted EBITDA of STRT are expected to have remained elevated and boosted the company's performance in the to-be-reported 6% of STRT's total sales, or $30 million, is currently subject to the recent U.S. tariffs. The company estimated that the annualized impact of recently announced U.S. tariffs will be around $9-$12 million before mitigation measures. Tariff-related headwind is likely to have hurt the company's performance in the fiscal fourth quarter. Earnings Whispers Our proven model does not predict an earnings beat for Strattec this time around, as it does not have the right combination of the two key ingredients. A positive Earnings ESP, combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold), increases the odds of an earnings beat. This is not the case ESP: STRT has an Earnings ESP of 0.00%. This is because the Most Accurate Estimate is pegged at par with the Zacks Consensus Estimate. You can uncover the best stocks to buy or sell before they're reported with our Earnings ESP Rank: Strattec currently carries a Zacks Rank #3. You can see the complete list of today's Zacks #1 Rank stocks here. Earnings Releases From Auto Space American Axle & Manufacturing Holdings AXL reported second-quarter 2025 adjusted earnings of 21 cents per share, beating the Zacks Consensus Estimate of 13 cents. The company recorded earnings of 19 cents per share in the year-ago quarter. AXL generated quarterly revenues of $1.54 billion, which beat the Zacks Consensus Estimate of $1.51 billion. Revenues declined 5.5% on a year-over-year of June 30, 2025, American Axle had cash and cash equivalents of $586.5 million, up from $552.9 million as of Dec. 31, 2024. Its net long-term debt was $2.60 billion, up from $2.58 billion as of Dec. 31, Motor Products SMP posted second-quarter 2025 adjusted EPS of $1.29, which surpassed the Zacks Consensus Estimate of 97 cents and rose from 98 cents reported in the prior-year quarter. Total revenues rose to $493.9 million from $389.8 million reported in the second quarter of 2024. The reported figure also beat the Zacks Consensus Estimate of $450 million. Gross profit rose to $152.5 million from the year-ago quarter's $111.4 million. Operating income increased to $46.3 million from $30 million reported in the year-ago quarter. Standard Motor had $58.8 million in cash as of June 30, 2025, compared with $44.4 million as of Dec. 31, 2024. Long-term debt totaled $605.8 million as of June 30, 2025, compared with $535.2 million as of Dec. 31, 2024. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report American Axle & Manufacturing Holdings, Inc. (AXL) : Free Stock Analysis Report Standard Motor Products, Inc. (SMP) : Free Stock Analysis Report Strattec Security Corporation (STRT) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Sign in to access your portfolio
Business Wire
31-07-2025
- Automotive
- Business Wire
Strattec Announces Fiscal 2025 Fourth Quarter and Fiscal Year Financial Results Conference Call and Webcast
MILWAUKEE--(BUSINESS WIRE)-- Strattec Security Corporation (Nasdaq: STRT) ('Strattec' or 'Company'), a leading provider of smart vehicle access, security and authorization solutions for the global automotive industry, today announced that it will release its fiscal 2025 fourth quarter and fiscal year results after the close of financial markets on Thursday, August 14, 2025. The Company will host a conference call and webcast on Friday, August 15, 2025, to review the financial and operating results for the period ended June 29, 2025. A question-and-answer session will follow. Fourth Quarter & Fiscal Year 2025 Conference Call A telephonic replay will be available from 12:00 p.m. ET on the day of the call through Friday, August 29, 2025. To listen to the archived call, dial +1 (412) 317-6671 and enter replay PIN 13754276. The webcast replay will be available on the Investor Relations section of the Company's website where a transcript will be posted once available. About Strattec Strattec is a leading global provider of advanced automotive access, security & authorization solutions for leading vehicle manufacturers, primarily in the U.S. With a history spanning over 110 years, Strattec has consistently been at the forefront of innovation in vehicle security, transitioning from mechanical to integrated electro-mechanical systems. Its highly-engineered products include power access solutions, latches, vehicle start systems, keys, fobs & accessories, locks & locksets, door handles and other access products. Power access solutions provide the motion control for power liftgates, sliding power doors and power tailgates. For more information on Strattec and its solutions, visit
Yahoo
30-06-2025
- Automotive
- Yahoo
How Well is Strattec's Business Model Insulated From Tariff Pressures?
One of the most favorable aspects of StrattecSecurity STRT is that more than 90% of its sales in the United States qualify for tariff-free or reduced-tariff rules. This shields Strattec, a focused automotive technology supplier, from additional expenses that other players might face if there is a rise in tariffs on imports, especially if the U.S. tightens trade rules again. Also, this gives the company a cost advantage and more stability. STRT confirmed on its latest earnings call that only 6% of its total sales are expected to be affected by the latest tariffs. This further justifies the solid business model of the company, which is less susceptible to major financial damage from tariffs. Notably, Strattec has already taken actions to deal with even that nominal proportion of its business that might get affected by tariffs. STRT is now changing the way products are shipped so that there is no need to cross borders more than necessary, thereby saving money. Also, to adjust pricing and find better sources for materials, the company is working with suppliers and customers. These actions have already helped Strattec reduce its additional costs by roughly 30%. Both American Axle & Manufacturing Holdings, Inc. AXL and BorgWarner BWA operate in business lines that overlap as automotive technology suppliers. However, they each focus on different areas of vehicle systems. It's worth noting that while AXL is in a decent position when it comes to tariffs, it isn't as well-prepared as Strattec. About 90% of the products AXL manufactures in the United States follow USMCA trade rules, which help avoid most tariffs. BorgWarner, on the other hand, has made it clear that tariffs will hurt its profits this year, and it has included those costs in its full-year financial forecast. However, instead of finding ways to avoid or reduce these extra costs — like changing suppliers or shipping routes — BWA mainly plans to deal with the impact by passing the costs on to its customers. Shares of STRT have jumped 145.1% over the past year against the 0.6% decline of the composite stocks belonging to the industry. Image Source: Zacks Investment Research From a valuation standpoint, STRT trades at a trailing 12-month price-to-earnings (P/E) of 11.18x. This is below the broader industry average of 27.09x. Image Source: Zacks Investment Research The Zacks Consensus Estimate for STRT's fiscal 2025 earnings hasn't witnessed any revisions over the past seven days. Image Source: Zacks Investment Research STRT stock currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report BorgWarner Inc. (BWA) : Free Stock Analysis Report American Axle & Manufacturing Holdings, Inc. (AXL) : Free Stock Analysis Report Strattec Security Corporation (STRT) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Sign in to access your portfolio
Yahoo
30-06-2025
- Business
- Yahoo
Strattec vs. Dorman Products: Which Stock is a Better Buy Right Now?
Strattec Security STRT and Dorman Products, Inc. DORM are U.S.-based auto parts manufacturers whose revenues depend on vehicle production and aftermarket demand, making them key suppliers in the broader automotive ecosystem. Over the past year, STRT has risen 145.1%, outperforming DORM's 37.7% growth. However, this outperformance alone doesn't necessarily put Strattec in a stronger position than Dorman Products. To build a solid investment case, it's important to dive deeper into the underlying business fundamentals and long-term outlook of both companies. One-Year Price Chart Image Source: Zacks Investment Research One of the most favorable points for Strattec currently is that more than 90% of what it sells in the United States qualifies for tariff-free or reduced-tariff rules. This shields Strattec, a focused automotive technology supplier, from additional expenses that other players might face if there is a rise in tariffs on imports, especially if the U.S. tightens trade rules again. Additionally, this provides the company with a cost advantage and increased stability. STRT confirmed on its latest earnings call that only 6% of its total sales are expected to be affected by the latest tariffs. This further justifies the firm's solid business model, which is less susceptible to major financial damage from tariffs. Dorman Products, however, is significantly exposed to geopolitical and trade risks owing to its continued reliance on Chinese manufacturing. This year, the company is expected to source approximately 30% to 40% of its products from China, thereby leaving it vulnerable to unpredictable tariff shocks and supply chain disruptions. While Dorman has worked to spread out its supply chain since the 2018–2019 tariff issues and has a strategy to combat such challenges, today's global political and trade situation is more unpredictable. Hence, it is probably harder for the company to manage. Strattec has a strong balance sheet with minimal exposure to debt capital. This is reflected in the total debt to capitalization of 5.25%, considerably lower than 27.8% of the composite stocks belonging to the industry. Thus, the company with significant financial flexibility will be able to invest in organic growth initiatives. Image Source: Zacks Investment Research While DORM's free cash flow remains healthy, a large share of it is being used to pay down debt and return capital to shareholders. With trade-related costs rising, this pattern may reduce near-term flexibility, especially when compared to STRT's more conservative stance, which offers greater financial flexibility. STRT is trading at a 5.15x trailing 12-month Enterprise Value to Earnings Before Interest, Taxes, Depreciation and Amortization (EV/EBITDA), which is at a discount compared with Dorman Products' 10.43x. Image Source: Zacks Investment Research Thus, Strattec, sporting a Zacks Rank #1 (Strong Buy), is a cheaper stock than DORM, which has a Zacks Rank #2 (Buy). STRT is working on reducing its China exposure, making it a better buy considering the positive developments surrounding the stock. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Strattec Security Corporation (STRT) : Free Stock Analysis Report Dorman Products, Inc. (DORM) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Sign in to access your portfolio
