Strattec Security Corp (NASDAQ: STRT) shares rose 2.5% in extended trading after the company reported fourth-quarter fiscal 2026 earnings that exceeded analyst expectations.
The Milwaukee-based automotive security systems manufacturer posted adjusted earnings per share of $2.06, surpassing the $1.12 consensus estimate by $0.94. Revenue totaled $151.8 million, topping the $147.0 million forecast and matching the prior-year period’s $152.0 million.
Net income attributable to Strattec fell to $3.9 million, or $0.95 per diluted share, from $8.3 million, or $2.01 per diluted share, a year earlier. Adjusted EBITDA declined to $12.5 million, or 8.3% of net sales, compared with $13.0 million, or 8.5% of sales, in the prior-year period.
For the full fiscal year ended June 28, 2026, Strattec reported sales of $579.4 million, up 2.5% from $565.1 million in fiscal 2025. Gross margin expanded to 16.5% from 15.0% in the prior year.
The company maintained $108.2 million in cash and reported no debt at quarter end. In the fourth quarter, Strattec repurchased 110,269 shares for $7.4 million at an average price of $67.10. It also announced a new $40 million share buyback program.
President and CEO Jennifer Slater stated that fiscal 2026 reflected progress and discipline, with growth in sales and gross margin despite foreign exchange pressure and tariff impacts. She cited disciplined pricing, cost actions, and operational improvements as key drivers of the results.
