STRATTEC Q1 sales fall 3.4% to $147.2M; net income drops 43% to $4.8M

Filed October 30, 2026 · Period ending September 27, 2026 · Compared to 10-Q Oct 31, 2025 · ~1 min read

Key Changes

• high

  Net income fell 43.3% to $4.8M, or $1.19 per diluted share, from $8.5M a year earlier, as lower sales and higher expenses outweighed a $5.0M share repurchase.

  MD&A: Results verify on EDGAR →
• high

  Operating income declined 39% to $6.4M on a 3.4% revenue drop to $147.2M, with gross margin compressing 80 basis points to 16.5%.

  MD&A: Results verify on EDGAR →
• high

  Company implemented an additional restructuring program during the quarter to improve cost structure, alongside supply chain initiatives.

  MD&A: Restructuring verify on EDGAR →