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Strattec Security (STRT)

STRATTEC Security Corporation delivers a comprehensive range of "Smart" Vehicle Power Access and Electronic and Security Solutions. The company's leading portfolio of products and technologies has enabled STRATTEC to grow and thrive over its 110 year history, serving the Automotive Industry & Beyond.

STRT stock data

Calendar

5 May 22
2 Jul 22
3 Jul 22
Quarter (USD) Mar 22 Dec 21 Sep 21 Jun 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Jun 21 Jun 20 Jun 19 Jun 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
25 Feb 22 Frank Krejci Common Stock, par value $.01 per share Sell Dispose S No No 38.509 6,154 236.98K 61,020
24 Feb 22 Frank Krejci Common Stock, par value $.01 per share Sell Dispose S No No 38.5 2,688 103.49K 67,174
17 Feb 22 Frank Krejci Common Stock, par value $.01 per share Option exercise Acquire M No No 25.64 8,842 226.71K 69,862
17 Feb 22 Frank Krejci Common Stock Option Common Stock Option exercise Dispose M No No 25.64 8,842 226.71K 4,251
16 Nov 21 Patrick J Hansen Common Stock, par value $0.01 per share Sell Dispose S No No 42.75 224 9.58K 8,300
15 Nov 21 Patrick J Hansen Common Stock, par value $0.01 per share Sell Dispose S No No 42.75 776 33.17K 8,524
4 Nov 21 Patrick J Hansen Common Stock, par value $.01 per share Sell Dispose S No No 41.32 250 10.33K 9,300
3 Nov 21 Patrick J Hansen Common Stock, par value $.01 per share Sell Dispose S No No 40 1,250 50K 9,550
15 Oct 21 Patrick J Hansen Common Stock, par value $.01 per share Gift Dispose G No No 0 1,247 0 10,800

Financial report summary

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Management Discussion
  • The direct material cost increase was due to increased sales volumes between years, as discussed above, and increased purchased costs for certain raw materials and purchased components in the current year as compared to the prior year. The impact of increased zinc, brass, and nickel silver costs increased current year material costs by approximately $1.3 million as compared to the prior year. The increase in our direct material costs as a percentage of our cost of goods sold was due to the increased raw material costs as previously discussed and due to a reduction in our labor and overhead costs as a percentage of our cost of goods sold, as discussed below.
  • Labor and overhead costs increased between years, yet these costs decreased as a percentage of our cost of goods sold as a result of favorable absorption of fixed overhead costs resulting from production volume increases and cost improvement initiatives at our Milwaukee and Mexico facilities. Labor and overhead costs were impacted by the following:
  • The increase in gross profit dollars in the current year as compared to the prior year was attributed to the increase in net sales between years, partially offset by the increase in cost of goods sold as discussed above. Gross profit as a percentage of net sales improved between years due to the increase in net sales as discussed above, which resulted in more favorable absorption of our fixed costs and due to cost improvement initiatives at our Milwaukee and Mexico facilities.

Content analysis

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H.S. junior Avg
New words: calendar, COVID, inflationary, lockset, logistical, mandated, outpaced, Pacifica, port, presence, shift, tail, Volkswagen
Removed: contingent, crucial, experiencing, launched, line, reimbursed, tool