Strattec Transformation Continues to Deliver Strong Cash Generation; Generated $10.8 Million in Cash from Operations in First Quarter Fiscal 2027
Business Wire•29/10/2026•16:15 ET
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Key Highlights
- ➤$10.8 million operating cash flow generated; $111.8 million cash and no debt
- ➤Net sales $147.2 million, down 3% year over year
- ➤Adjusted EPS $1.85, down from $2.22 year over year
- ➤Adjusted EBITDA $13.5 million, or 9.2% margin, versus 10.2%
- ➤$1.3 million annualized savings expected from Mexico operational actions
Expert Statements
Jennifer Slater, President and CEO of Strattec
“Our first quarter financial results demonstrate the impact of our transformation efforts, which enabled us to achieve a 9.2% adjusted EBITDA margin on $147.2 million in net sales.”
Jennifer Slater, President and CEO of Strattec
“We continue to improve our cost structure through targeted operational initiatives. During the quarter, we took actions in our Mexico operations that are expected to generate $1.3 million in annualized savings.”
Jennifer Slater, President and CEO of Strattec
“We believe there remain meaningful opportunities to reduce costs through supply chain improvements and automation which we expect to support margin improvement and strengthen our competitive position.”
Jennifer Slater, President and CEO of Strattec
“Importantly, the strength of our balance sheet provides us the flexibility to invest in our business while also returning capital to shareholders and pursuing strategic growth opportunities.”
Jennifer Slater, President and CEO of Strattec
“We have an active acquisition funnel that we believe could advance our long-term strategy.”
Jennifer Slater, President and CEO of Strattec
“Concurrently, we have remained focused on improving the performance of our operations and driving transformational change.”
Strattec Transformation Continues to Deliver Strong Cash Generation; Generated $10.8 Million in Cash from Operations in First Quarter Fiscal 2027
Strong balance sheet with $111.8 million in cash and no debt at quarter end
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