STRTMEDIUM SIGNALFINANCIAL10-K

STRATTEC achieved dramatic operational improvements with operating cash flow surging 484% to $71.7M while simultaneously growing revenue and profitability.

The massive cash flow improvement combined with strong inventory reduction suggests STRATTEC has significantly enhanced working capital management and operational efficiency. The company strengthened its balance sheet with cash increasing to $84.6M while maintaining growth investments in R&D, positioning it well for future opportunities.

Comparing 2025-08-25 vs 2024-09-05View on EDGAR →
FINANCIAL ANALYSIS

STRATTEC delivered exceptional financial performance with operating cash flow exploding from $12.3M to $71.7M, primarily driven by effective inventory management (down 20.8% to $64.7M) and strong profitability growth. The company grew gross profit 29.2% to $84.6M and operating income 27.9% to $22.8M while increasing R&D investment 46.6% to $21.7M, demonstrating balanced growth and reinvestment. The dramatic cash position improvement to $84.6M and 10.5% increase in stockholders' equity to $221.6M signals robust operational execution and financial strength.

FINANCIAL STATEMENT CHANGES
Operating Cash Flow
Cash Flow
+484.4%
$12.3M$71.7M

Operating cash flow surged 484.4% — exceptional cash generation, highest quality earnings signal.

Cash & Equivalents
Balance Sheet
+232.9%
$25.4M$84.6M

Cash position surged 232.9% — strong cash generation or capital raise providing significant financial cushion.

R&D Expense
P&L
+46.6%
$14.8M$21.7M

R&D investment increased 46.6% — signals commitment to future product development, though near-term margin impact.

Gross Profit
P&L
+29.2%
$65.5M$84.6M

Gross profit expanding — improving pricing power or product mix shift toward higher-margin offerings.

Operating Income
P&L
+27.9%
$17.8M$22.8M

Operating income improving — cost discipline or growing revenue base absorbing fixed costs.

Capital Expenditure
Cash Flow
-26.9%
$9.8M$7.2M

Capex reduced 26.9% — investment cycle winding down or capital discipline; may improve near-term free cash flow.

Inventory
Balance Sheet
-20.8%
$81.6M$64.7M

Inventory reduced 20.8% — lean inventory management or demand outpacing supply.

Net Income
P&L
+14.5%
$16.3M$18.7M

Net income grew 14.5% — bottom-line growth signals improving overall business health.

Current Assets
Balance Sheet
+14.3%
$253.8M$290.1M

Current assets grew 14.3% — improving short-term liquidity or inventory/receivables build.

Stockholders Equity
Balance Sheet
+10.5%
$200.5M$221.6M

Equity base grew 10.5% — retained earnings accumulation or equity issuance strengthening the balance sheet.

LANGUAGE CHANGES
NEW — 2025-08-25
PRIOR — 2024-09-05
ADDED
On August 1, 2025, there were outstanding 4,161,334 shares of the Registrant s $.01 par value Common Stock (which includes any unvested restricted shares previously awarded).
M arket for Registrant's Common Equity, Related Stockholder Matters, and Issuer Purchases of Equity Securities 16 Item 6.
M anagement's Discussion and Analysis of Financial Condition and Results of Operations 17 Item 7A.
Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters 48 Item 13.
The use of words such as "may," "will," "expect," "intend," "estimate," "anticipate," "believe," "should," "project" or "plan" or similar terminology are generally intended to identify forward-looking statements.
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REMOVED
Shares of common stock held by any executive officer or director of the registrant have been excluded from this computation because such persons may be deemed to be affiliates.
This determination of affiliate status is not a conclusive determination for other purposes.
On August 2, 2024, there were outstanding 4,068,052 shares of the Registrant s $.01 par value Common Stock (which includes any unvested restricted shares previously awarded).
STRATTEC SECURITY CORPORATION ANNUAL REPORT IN FORM 10-K June 30, 2024 Page PART I 2 Item 1.
MARKET FOR THE REGISTRANT S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES 18 Item 6.
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