Filing Flows › Strattec Security (STRT) › Q1 FY27
Strattec Security (STRT) Q1 FY27 earnings results (first quarter fiscal 2027)
10-Q filed Oct 30, 2026
Strattec Security (STRT) reported revenue of $147M for the first quarter fiscal 2027 (Q1 FY27), -3% from a year earlier and -3% from the quarter before. Operating margin was 4.4%, net earnings $4.8M (3.3% of revenue).
Strattec Security, Q1 FY27: revenue $147M (-3% year over year), operating margin 4.4%, net earnings $4.8M, operating cash flow $10.8M. The chart follows the revenue to costs, profit and cash.
| Q1 FY27 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $147M | -3% | -3% |
| Gross profit | $24.3M | +3% | -8% |
| Operating profit | $6.4M | +4% | -39% |
| Net earnings | $4.8M | +24% | -43% |
| Operating cash flow | $10.8M | +12% | -5% |
| Free cash flow | $9.6M | +16% | -2% |
What changed
Revenue was $147.2M in Q1 FY27, down 3% year over year and down 3% from the previous quarter.
Gross margin was 16.5%, down 0.8 points from Q1 FY26. Operating profit was $6.4M, a 4.4% margin (down 2.5 points year over year). Operating expenses grew 13% against a revenue fall of 3%. Net earnings were $4.8M, down 43% year over year. The effective tax rate was 26.2%.
Operating cash flow was $10.8M (down 5% year over year), 203% of net income including minority interests. Non-cash charges added back $3.5M of depreciation and $618K of share-based compensation. Working capital and other items added $1.3M. Capital expenditures of $1.2M left free cash flow of $9.6M.
Questions
What was Strattec Security's revenue in the first quarter fiscal 2027?
Strattec Security (STRT) reported revenue of $147M for the first quarter fiscal 2027 (Q1 FY27), -3% from a year earlier and -3% from the quarter before.
Was Strattec Security profitable in the first quarter fiscal 2027?
Operating profit was $6.4M (4.4% of revenue) and net earnings $4.8M.
Source: Strattec Security 10-Q on SEC EDGAR.