Strattec Q1 FY27 net income falls 43% year over year to $4.83 million
STRT•Strattec Security reported Q1 FY27 net income of $4.83 million, down 43% year over year, and sales of $147.2 million. It expects about $40 million in operating cash flow and a 15% to 16% gross margin for FY27.
1. Quarterly results
Strattec Security’s diluted earnings per share fell 43% year over year to $1.19, while net sales declined to $147.2 million as lower volume was partly offset by pricing benefits. Cash and cash equivalents stood at $111.8 million on September 27, 2026, with no debt. For FY27, management expects about $40 million in cash from operations and a gross margin of 15% to 16%.
