Strattec Security Corporation Reports 6.3% Increase in Net Sales and 15.0% Gross Margin for Fiscal 2025; Net Income Rises to $18.7 Million, EPS at $4.58

Strattec Security Corporation (Nasdaq: STRT), a provider of smart vehicle access, security, and authorization solutions for the global automotive industry, reported its fourth quarter fiscal year 2025 financial results, reflecting a period of significant growth and operational improvement. Net sales for the quarter rose to $152.0 million, marking an increase of $9.0 million or 6.3% compared to the prior-year period. This sales growth was attributed to $3.7 million in additional pricing, $4.1 million in sales related to higher demand, $1.2 million in net new program launches, and a favorable sales mix. The company achieved a gross profit increase of $6.8 million, totaling $25.4 million, with a gross margin expansion of 370 basis points. Contributing factors included $3.0 million in favorable foreign currency exchange, $1.3 million in restructuring savings, improved pricing, and contributions from new initiatives. Net income attributable to Strattec for the fourth quarter was $8.3 million, or $2.01 per diluted share, compared to $9.6 million, or $2.39 per diluted share, in the prior-year period. On an adjusted basis, net income was $8.5 million, with adjusted diluted earnings per share at $2.06. The adjusted EBITDA for the quarter was $13.0 million, representing 8.5% of sales, compared to $13.8 million in the previous year's quarter. For the full fiscal year 2025, Strattec reported a net income of $18.7 million, or $4.58 per diluted share, up from $16.3 million, or $4.07 per diluted share, in the prior year. Cash from operations for the fourth quarter was $30.2 million, and $71.7 million for the full year. Additionally, the company reduced its debt by $5 million, enhancing its strong balance sheet with $84.6 million in cash reserves. President and CEO Jennifer Slater highlighted the company's efforts in executing over $8 million in new annualized pricing, restructuring operations to remove $5 million in costs, and improving working capital velocity and cash flow focus. Strattec continues to stabilize business operations, deepen customer relationships, and enhance product roadmaps as part of its transformation efforts.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Strattec Security Corporation published the original content used to generate this news brief via Business Wire (Ref. ID: 20250814654271) on August 14, 2025, and is solely responsible for the information contained therein.