Strattec Security Q4 results flat as better-than-expected vehicle production offset volume declines
STRT•Reported key figures
| Metric | Actual | Consensus |
|---|---|---|
| Q4 Sales | $151.83 million | $146.77 million |
| Q4 Adjusted EPS | $2.06 | $1.29 |
| Q4 EPS | $0.95 | — |
| Q4 Net income attributable to Strattec | $3.90 million | — |
| Q4 Gross Profit | $23.65 million | — |
Buyback authorization and outlook
Strattec authorized a new $40 million share repurchase program after repurchasing $7.4 million of stock in the quarter.
The company said the near-term environment remains uncertain for automotive OEM platforms. It said it is managing costs and capital prudently amid industry uncertainty and plans to invest in product technologies and automation to position for industry improvement.
Q4 results were flat as production and pricing offset lower volumes
Strattec Security said its fiscal fourth-quarter sales were flat year over year at $151.8 million, while adjusted earnings per share were , unchanged from the prior year.
