Strattec Security (STRT)
NASDAQ:STRT
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Earnings Data
Report Date
Aug 06, 2026During Market Hours (Confirmed)
Period Ending
2026 (Q4)Consensus EPS Forecast
1.36Last Year’s EPS
2.06Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented a mixed but constructive picture: management emphasized strong cash generation, a very healthy balance sheet, realized cost savings from restructuring (including further Mexico savings), and material year-to-date improvements in EPS and adjusted EBITDA, along with a clear multi-year transformation and margin targets. Offsetting these positives were near-term revenue declines (Q3 sales down 4.5%), quarterly EPS and adjusted EBITDA declines versus prior year, meaningful foreign exchange losses and tariff pressure, and the impact of canceled EV programs (~$9M annualized). On balance, the operational and financial improvements plus strong liquidity and a credible transformation plan outweigh the near-term cyclical and FX/tariff headwinds.Company Guidance
Strong cash generation and liquidity
Generated $11.4 million of operating cash flow in the quarter and ended Q3 with $107 million in cash and cash equivalents; balance sheet strength supported repayment of JV-related debt and replacement of the facility with a new revolving credit agreement that extended maturity and removed the company guarantee.
Restructuring and cost savings realized
Previously completed restructuring actions delivered approximately $1.7–$1.9 million in savings this quarter; additional changes in Mexico expected to provide ~$800 thousand in incremental annualized savings starting in Q4.
Gross margin expansion
Gross margin improved 50 basis points year-over-year to 16.5%, driven by restructuring savings, recoveries tied to canceled customer programs, and operational improvements.
Year-to-date earnings and EBITDA improvement
Year-to-date earnings per share increased 46% versus prior year; YTD adjusted EBITDA was $37.9 million, a 23% increase over the prior-year period, reflecting cumulative benefits of cost reductions and productivity improvements.
Progress on transformation and strategic clarity
Management reiterated a clear transformation plan focused on cost discipline, modernization, and an engineering-led product strategy (permission, motion, hold), with targets of 18%–20% gross margin (assuming peso at five-year average) and SAE of ~10%–11% of revenue over time.
Stability in core products and some customer demand
Door handles, keys and lock sets remained steady; the company saw higher sales to Tier 1 customers and increased production-related sales to Stellantis during the quarter.
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
STRT Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 07, 2026 | $74.56 | $62.45 | -16.24% |
Feb 05, 2026 | $86.23 | $90.47 | +4.91% |
Oct 30, 2025 | $67.93 | $61.36 | -9.67% |
Aug 14, 2025 | $75.36 | $75.89 | +0.70% |
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.
FAQ
When does Strattec Security (STRT) report earnings?
Strattec Security (STRT) is schdueled to report earning on Aug 06, 2026, During Market Hours (Confirmed).
What is Strattec Security (STRT) earnings time?
Strattec Security (STRT) earnings time is at Aug 06, 2026, During Market Hours (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 2026 (Q4) is 1.36.