Strattec Security Q4 results flat as better-than-expected vehicle production offset volume declines

Strattec Security

25/08/2026 21:42

Overview
U.S. automotive access supplier's Q4 sales were flat yr/yr at $151.8 mln
Adjusted EPS for Q4 was $2.06, unchanged from prior year
Company authorized new $40 mln share buyback after $7.4 mln repurchases in Q4

Outlook
Company says near-term environment remains uncertain for automotive OEM platforms
Strattec says it is managing costs and capital prudently amid industry uncertainty
Company plans to invest in product technologies and automation to position for industry improvement

Result Drivers
OEM PRODUCTION & PRICING - Co said better-than-expected OEM vehicle production volumes and pricing actions offset volume declines, including EV program cancellations
FOREIGN EXCHANGE & COSTS - Co said gross margin contracted due to unfavorable foreign currency exchange rates and higher costs, partially offset by reduced tariff charges and restructuring savings
TRANSFORMATION & EXECUTIVE COSTS - Higher selling, administrative and engineering expenses driven by business transformation and executive transition costs, partly offset by reductions in engineering fees and restructuring savings

Company press release: ID:nBw9b68nwa

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Sales
Beat
$151.83 mln
$146.77 mln (2 Analysts)
Q4 Adjusted EPS
Beat
$2.06
$1.29 (1 Analyst)
Q4 EPS
 
$0.95
 
Q4 Net income Attributable to Strattec
 
$3.90 mln
 
Q4 Gross Profit
 
$23.65 mln
 

Analyst Coverage
The one available analyst rating on the shares is "buy"
The average consensus recommendation for the auto, truck & motorcycle parts peer group is "buy"
Wall Street's median 12-month price target for Strattec Security Corp is $86.50, about 11.4% above its August 24 closing price of $77.67
The stock recently traded at 16 times the next 12-month earnings vs. a P/E of 12 three months ago

Reuters Recommended Reads
Aug 24 - Trump threatens 50% tariffs on all cars and trucks from Canada amid trade fight
Aug 25 - China auto parts supplier Minth Group's H1 revenue rises on European NEV demand
Aug 25 - Shinelong Automotive interim revenue rises on higher mould sales

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)