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Stock impact report

STRATTEC SECURITY CORPORATION Reports Fiscal 2024 Third Quarter Operating Results

STRATTEC SECURITY CORPORATION (STRT) 
Last strattec security corporation earnings: 4/23 04:00 pm Check Earnings Report
US:NASDAQ Investor Relations: strattec.com/investors
Company Research Source: GlobeNewswire
MILWAUKEE, May 09, 2024 (GLOBE NEWSWIRE) -- STRATTEC SECURITY CORPORATION (NASDAQ:STRT) is a market leader of a comprehensive range of "Smart" Vehicle Power Access and Electronic and Security Solutions, serving the global automotive industry. Third Quarter Fiscal 2024 Financial Highlights Diluted earnings per share of $0.37 versus $0.57 loss last yearGross Margins expanded to 10.4% compared with 7.9% last yearRevenues increased by 10.7%, driven by pricing increases and new product sales STRATTEC Interim CEO Rolando Guillot said, “This quarter we continued to make progress on our financial performance due to improved pricing and new product introductions that are expanding STRATTEC’s offerings to our customers. We will continue to focus on addressing persistent cost challenges and the opportunities we have to optimize our working capital and a strong balance sheet.” Third Quarter Fiscal 2024 Financial Summary   Third Quarter Ending  Mar 31, 2024 Apr. 2, Show less Read more
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