Strattec Security Corporation presented an update highlighting its position as a leader in powered vehicle access, security, and authorization solutions for the automotive industry. The company reported trailing twelve-month revenue of $578.4 million as of the first quarter of fiscal year 2026. Strattec noted ongoing supply chain challenges, including the impact of an aluminum fire and semiconductor chip shortages, which are affecting production and may continue into the next quarter. The company outlined actions taken to manage short-term industry disruptions and reaffirmed its long-term gross margin target of 18% to 20%. Recent initiatives include restructuring Mexico operations to achieve additional cost savings, expanding its customer base in North America, and investing in modernization efforts such as IT enhancements and increased automation. Cash from operations for the first quarter of fiscal 2026 was in line with the company's normalized run rate. You can access the full presentation through the link below.
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