Brief: Strattec Security Corp Posts Q1 EPS Of $0.33

Strattec Security

24/10/2019 21:41

Oct 24 (Reuters) - Strattec Security Corp  STRT.O :
    * ORATION REPORTS FISCAL 2020 FIRST QUARTER OPERATING
RESULTS
INCLUDING NON-CASH COMPENSATION EXPENSE CHARGE
    * Q1 EARNINGS PER SHARE $0.79 EXCLUDING ITEMS
    * Q1 EARNINGS PER SHARE $0.33
    * Q1 SALES ROSE 2.4 PERCENT TO $120 MILLION
    * IMPACT OF GENERAL MOTORS UAW STRIKE REDUCED CURRENT
QUARTER
SALES BY AN ESTIMATED $3.0 MILLION.
    * NON-CASH COMPENSATION EXPENSE CHARGES AND UAW/GENERAL
MOTORS
STRIKE ARE HAVING A NEGATIVE IMPACT IN THIS QUARTER
    * PLEASED WITH OUR IMPROVING MANUFACTURING EFFICIENCIES,
PARTICULARLY IN RAMPING UP OF OUR LEON, MEXICO FACILITY

Source text for Eikon:  ID:nGNX6pcrmn 
Further company coverage:  STRT.O 

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