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- Effective Tax Rate Increased to 34.4% (worsened) — The effective tax rate jumped from 23.2% to 34.4% due to a $1.0M valuation allowance increase and $2.9M in uncertain tax position reserves, signaling potential tax disputes.
- Usmca Not Extended In Current Form (worsened) — The U.S. did not agree to extend the USMCA in its current form after the July 2026 joint review, creating uncertainty for North American automotive supply chains.
Strattec FY26: net income +10.2% to $20.6M, new $40M buyback, but tax rate jumps to 34.4%
Filed August 28, 2026 · Period ending June 28, 2026 · Compared to 10-K Aug 25, 2025 · ~1 min read
Key Changes
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high
Net income rose 10.2% to $20.6M ($5.00 diluted EPS) on revenue of $579.4M (+2.5%), with gross margin up 150 bps to 16.5%.
MD&A: Financial Highlights verify on EDGAR → -
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Effective tax rate surged to 34.4% from 23.2%, driven by a $1.0M valuation allowance increase and $2.9M in uncertain tax position reserves.
MD&A: Income Taxes verify on EDGAR → -
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Board authorized a new $40M share repurchase program; $7.4M was spent under the prior authorization during fiscal 2026.
MD&A: Capital Allocation verify on EDGAR →
2 more material changes behind this preview — plus the full narrative summary, section-by-section diffs against the prior filing, and verbatim quotes with EDGAR citations.
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Figures/quotes linked to EDGAR · Narrative written by AI · Aug 31, 2026 · How we verify