STRATTEC SECURITY CORPORATION
Last · NasdaqGM$63.36-0.37 (-0.58%)stale · yahoo · 52h ago
Market cap$252.49M4.0M sh
P/E · TTM12.7fwd 11.0 · eps 5.00
Beta1.23vs S&P 500
Div yield0.00%annual · TTM
52w range
$57.01$93.00
Volume33.8Ksession
| Revenue | $579.4M |
|---|---|
| Operating income | $26.5M |
| Net income | $20.6M |
| Free cash flow | $39.0M |
| Operating margin | 4.6% |
| Net margin | 3.6% |
| Return on equity | 8.6% |
| Period | 2026 |
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From latest 10-K · 2026-08-28
- Customer Concentration
- Margin Expansion
- Mexico Manufacturing
- Tariff Uncertainty
- Ev Program Cancellations
- Automotive Cycle
- Share Repurchase
Red flags
- Customer concentration is severe: General Motors, Ford, and Stellantis represented 27%, 21%, and 16% of fiscal 2026 sales, respectively, or 64% combined; contracts generally do not guarantee volumes and may be market-tested annually.
- Fiscal 2026 sales growth included $11.0 million of pricing but only $3.3 million of net new-program launches, while canceled EV programs reduced sales by $9.5 million; this indicates limited organic volume momentum.
- Operating margin was only 4.6% despite the 16% increase in operating income, leaving limited buffer against production declines, tariffs, wage inflation, or underutilized customer-specific equipment.
- The Mexico post-employment benefit obligation was $12.9 million versus only $1.5 million of plan assets, leaving an $11.4 million funded-status liability; fiscal 2027 contributions are expected to be $0.9 million.
- The company has $92.3 million of foreign-currency forward-contract notional exposure, up from $32.0 million, reflecting meaningful Mexican peso and foreign-exchange sensitivity.
Upcoming earnings
9:00 PM UTC+1
Period
Sep 2026
Est. EPS
$1.47
Est. revenue
146.6M
Documents
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