Corrected: BRIEF-Strattec Security Corp Q4 Adjusted EPS $0.73 (Aug. 8)

Strattec Security

09/08/2019 14:17

(Corrects headline, second bullet to say co reports Q4 adj. EPS
of $0.73, not loss per share of $0.73; adds last three bullets
tagged to the chain)
Strattec Security Corp  STRT.O :
    * REPORTS FISCAL 2019 FOURTH QUARTER AND FULL YEAR 
OPERATING
RESULTS INCLUDING NON-CASH PENSION SETTLEMENT AND COMPENSATION
EXPENSE CHARGES
    * Q4 ADJUSTED EARNINGS PER SHARE $0.73
    * Q4 LOSS PER SHARE $0.02
    * Q4 SALES $128.7 MILLION VERSUS $116.7 MILLION
    * TAX FREE CONTRIBUTION WILL RESULT IN ADDITIONAL NON-CASH
GAAP
ACCOUNTING CHARGES OF ABOUT $4.3 MILLION ON PRE-TAX BASIS
    * TAX FREE CONTRIBUTION WILL IMPACT RESULTS DURING FIRST 6
MONTHS
OF NEW FY BEGINNING ON JULY 1, 2019
    * IMPACT OF FY 2019 NON-CASH PENSION SETTLEMENT CHARGES &
NON-CASH
COMPENSATION CHARGES REDUCED DILUTED EPS FOR CURRENT YEAR BY
$7.47

Source text for Eikon:  ID:nGNXRk6tT 
Further company coverage:  STRT.O 

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