STRT Q1 FY2027 earnings: results, stock reaction and implied move

Reported results

First quarter net sales were $147.2 million, compared with $152.4 million in the prior-year period.
GAAP net income attributable to Strattec was $4.8 million, or $1.19 per diluted share.
Non-GAAP adjusted net income attributable to Strattec was $7.5 million, or $1.85 non-GAAP adjusted diluted EPS.
Non-GAAP Adjusted EBITDA was $13.5 million, or 9.2% of net sales.
GAAP gross profit was $24.3 million, resulting in a GAAP gross margin of 16.5%.
Cash provided by operating activities was $10.8 million in the first quarter of fiscal 2027.

Actions taken in Mexico operations are expected to generate $1.3 million in annualized savings.
The Company maintains a target of SAE expenses being 10% to 11% of sales.

The figures above come from the earnings release the company filed with the SEC on 2026-10-29 (8-K, Item 2.02). Read the original filing on sec.gov.