Strattec stock up 2% on Q4 earnings, revenue beat

Milwaukee-based Strattec Security Corp reported stronger-than-expected fourth quarter fiscal 2026 results on Thursday, sending its shares up 2.5% after hours. The company's adjusted earnings per share came in at $2.06, surpassing analysts' estimate of $1.12 by $0.94. Revenue totaled $151.8 million, beating the consensus projection of $147.0 million and showing minimal growth compared to $152.0 million in the same period last year.

For the full fiscal year 2026, Strattec achieved $579.4 million in sales, representing a 2.5% year-over-year increase from $565.1 million. Net income attributable to Strattec was $3.9 million, or $0.95 per diluted share, down from $8.3 million, or $2.01 per diluted share, in the prior year. Adjusted EBITDA for the quarter was $12.5 million, or 8.3% of net sales, up slightly from $13.0 million, or 8.5% of sales, in fiscal 2025.

Full-year gross margin expanded to 16.5%, up from 15.0% the previous fiscal year. President and CEO Jennifer Slater attributed the positive performance to disciplined pricing, cost actions, and operational improvements, despite challenges from foreign exchange pressure and tariffs. The company ended the quarter with $108.2 million in cash and no debt.

Strattec repurchased 110,269 shares for $7.4 million in the fourth quarter, and authorized a new $40 million share buyback program.