{
  "url": "https://struct.news/briefs/strattec-grew-profit-but-operating-cash-fell-35",
  "title": "STRATTEC grew profit, but operating cash fell 35%",
  "summary": "$46.3 million of operating cash came against $20.6 million of net income as the auto-parts maker's margins improved.",
  "published_at": "2026-08-28T20:23:05.421320+00:00",
  "publisher": "Struct",
  "usage": "Figures are as reported by the company. Quote with attribution to the source filing.",
  "company": {
    "name": "STRATTEC SECURITY CORPORATION",
    "ticker": "STRT",
    "cik": "1193125",
    "sector": "Consumer Cyclical",
    "industry": "Auto Parts"
  },
  "source_filing": {
    "form": "10-K",
    "filed": "2026-08-28",
    "accession": "0001193125-26-374333",
    "url": "https://www.sec.gov/Archives/edgar/data/933034/000119312526374333/strt-20260628.htm"
  },
  "comparison_filing": {
    "form": "10-K",
    "filed": "2025-08-25",
    "url": "https://www.sec.gov/Archives/edgar/data/933034/000095017025111218/strt-20250629.htm"
  },
  "reported_figures": [
    {
      "group": "The filing in three numbers",
      "label": "Revenue",
      "value": 565066000,
      "display": "$565.1M",
      "unit": "usd",
      "period": "2025-06-29",
      "detail": null,
      "source": {
        "kind": "sec_filing",
        "label": "Filed company results",
        "form": "10-K",
        "accession": "0001193125-26-374333",
        "filing_date": "2026-08-28"
      }
    },
    {
      "group": "The filing in three numbers",
      "label": "Revenue YoY",
      "value": 5.07655746179565,
      "display": "+5.1%",
      "unit": "percent",
      "period": "2025-06-29",
      "detail": null,
      "source": {
        "kind": "jodie_calculation",
        "label": "Calculated from filed company results",
        "form": "10-K",
        "accession": "0001193125-26-374333",
        "filing_date": "2026-08-28"
      }
    },
    {
      "group": "The filing in three numbers",
      "label": "Operating margin",
      "value": 4.032095365851069,
      "display": "+4.0%",
      "unit": "percent",
      "period": "2025-06-29",
      "detail": null,
      "source": {
        "kind": "jodie_calculation",
        "label": "Calculated from filed company results",
        "form": "10-K",
        "accession": "0001193125-26-374333",
        "filing_date": "2026-08-28"
      }
    }
  ],
  "watch_next": [
    {
      "type": "working_capital",
      "statement": "Operating cash flow fell despite higher earnings, with cash conversion declining to 2.25 times net income.",
      "importance": "medium",
      "evidence": "Generated $46.3 million of cash flow from operations driven by cash earnings and working capital management",
      "source_date": "2026-08-28"
    },
    {
      "type": "pricing",
      "statement": "Pricing contributed more to annual revenue growth than volume, including tariff surcharges and price increases.",
      "importance": "medium",
      "evidence": "The year-over-year increase was driven by $11.0 million of pricing, including $2.6 million of U.S. tariff surcharges and price increases, and $3.3 million of additional volume.",
      "source_date": "2026-08-28"
    },
    {
      "type": "tariffs",
      "statement": "U.S. tariff surcharges and price increases contributed $2.6 million to the annual revenue increase.",
      "importance": "medium",
      "evidence": "$2.6 million of U.S. tariff surcharges and price increases",
      "source_date": "2026-08-28"
    },
    {
      "type": "demand",
      "statement": "Vehicle production forecasts remain sensitive to tariff uncertainty, consumer demand, and the timing of OEM launches.",
      "importance": "medium",
      "evidence": "Recent production forecasts have been impacted by tariff-related uncertainty, consumer demand trends, and a reduced number of scheduled vehicle launches by certain OEMs.",
      "source_date": "2026-08-28"
    }
  ],
  "related_tickers": [
    "GM",
    "STRT"
  ],
  "disclaimer": "Descriptive reporting of filed results. Not investment advice, and contains no forecast or recommendation."
}