Filing Flows › Strattec Security (STRT) › Q3 FY25
Strattec Security (STRT) Q3 FY25 earnings results (third quarter fiscal 2025)
10-Q filed May 9, 2025
Strattec Security (STRT) reported revenue of $144M for the third quarter fiscal 2025 (Q3 FY25), +2% from a year earlier and +11% from the quarter before. Operating margin was 4.9%, net earnings $5.4M (3.7% of revenue).
Strattec Security, Q3 FY25: revenue $144M (+2% year over year), operating margin 4.9%, net earnings $5.4M, operating cash flow $20.7M. The chart follows the revenue to costs, profit and cash.
| Q3 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $144M | +11% | +2% |
| Gross profit | $23.1M | +35% | +57% |
| Operating profit | $7.1M | +232% | +262% |
| Net earnings | $5.4M | +309% | +258% |
| Operating cash flow | $20.7M | +119% | — |
| Free cash flow | $19.6M | +129% | — |
What changed
Revenue was $144.1M in Q3 FY25, up 2% year over year and up 11% from the previous quarter. Power Access Solutions was the largest line at 25% of revenue. Power Access Solutions added $2.1M year over year (up 6%), 64% of the total change. Other Product declined 18%.
Gross margin was 16.0%, up 5.6 points from a year earlier. Operating profit was $7.1M, a 4.9% margin (up 3.5 points year over year). Of the extra revenue versus a year earlier, 155% reached operating profit, above the 1% margin then. Operating expenses grew 26% against revenue growth of 2%. Net earnings were $5.4M, up 258% year over year. The effective tax rate was 22.4%.
Operating cash flow was $20.7M, 363% of net income including minority interests. Non-cash charges added back $3.7M of depreciation and $760K of share-based compensation. Working capital and other items added $10.5M. Capital expenditures of $1.2M left free cash flow of $19.6M.
Questions
What was Strattec Security's revenue in the third quarter fiscal 2025?
Strattec Security (STRT) reported revenue of $144M for the third quarter fiscal 2025 (Q3 FY25), +2% from a year earlier and +11% from the quarter before.
Was Strattec Security profitable in the third quarter fiscal 2025?
Operating profit was $7.1M (4.9% of revenue) and net earnings $5.4M.
Source: Strattec Security 10-Q on SEC EDGAR.