Strattec CEO Jennifer Slater Joins CES Panel on AI and OEM-Supplier Collaboration
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 05 2026
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Should l Buy STRT?
Source: Businesswire
- Industry Leadership Participation: Strattec CEO Jennifer Slater will participate in a CES panel on January 6, discussing the evolution of traditional OEM-supplier relationships, underscoring the company's commitment to digital transformation in the automotive sector.
- Collaborative Innovation Discussion: Sponsored by the Boston Consulting Group, the panel aims to explore how AI and new forms of collaboration can drive win-win outcomes, helping the industry thrive in an increasingly uncertain environment.
- Industry Impact: Slater's participation not only showcases Strattec's long-standing relationships with OEM partners but also reflects the company's leadership in advancing automotive security and access solutions.
- Technology Showcase Platform: CES serves as the world's leading technology showcase, providing a platform for industry innovators and leaders to present emerging technologies, further enhancing Strattec's influence in the global automotive market.
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Analyst Views on STRT
About STRT
Strattec Security Corporation designs, develops, manufactures and markets automotive security, access control, and user interface control products and solutions. The Company’s products and solutions include mechanical locks and keys, electronically enhanced locks and keys, passive entry passive start systems (PEPS), steering column and instrument panel ignition lock housings, latches, power sliding side door systems, power tailgate systems, power lift gate systems, power deck lid systems, door handles, steering wheel switches and controller, E-shifters, paddle switches and related products. The Company provides its products primarily to North American automotive customers. The Company is a direct supplier to original equipment manufacturers (OEMs), automotive and light truck manufacturers, as well as other transportation-related manufacturers. Its products are shipped to customer locations in the United States, Canada, Mexico, Europe, South America, Korea, and China.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Strattec Security Corporation Q2 2026 Earnings Highlights
- Significant Sales Growth: Strattec achieved $137.5 million in sales for Q2 2026, marking a 6% year-over-year increase driven by pricing strategies, favorable sales mix, and new program launches, demonstrating the company's strong adaptability in the automotive sector.
- Dramatic Net Income Increase: The company reported net income nearly quadrupling year-over-year to $5 million, with diluted earnings per share at $1.21, and adjusted EPS soaring 163% to $1.71, reflecting successful transformation in cost control and operational efficiency.
- Cash Flow and Debt Management: Operating cash flow reached $13.9 million for the quarter, up 48% year-over-year, with year-to-date cash flow at $25.2 million, showcasing strong cash generation capabilities, while total debt stands at just $2.5 million, indicating robust financial health.
- Cautious Future Outlook: While management expresses confidence in strategic direction, they anticipate a year-over-year sales decline of 3% to 4% in the second half, reflecting challenges in North American automotive production and external economic pressures, necessitating ongoing market vigilance.
See More
Strattec Security Q2 Earnings Exceed Expectations
- Strong Earnings Performance: Strattec Security reported a Q2 non-GAAP EPS of $1.71, beating expectations by $0.78, which highlights the company's significant profitability improvement and competitive advantage in the automotive supply chain.
- Revenue Growth: The company achieved revenues of $137.5 million in Q2, exceeding market expectations by $5.21 million, indicating robust sales performance amid recovering market demand, further solidifying its market position.
- Cash Flow Improvement: Operating cash flow for Q2 was $13.9 million, an increase of $4.4 million or 47% year-over-year, demonstrating effective cash earnings management that enhances financial health and future investment capacity.
- Increased Cash Reserves: As of December 28, 2025, the company had $99.0 million in cash and cash equivalents, up from $90.5 million at the end of Q1, reflecting effective liquidity management that supports future business expansion.
See More
Strattec Reports Strong Q2 Results Amid Challenges
- Significant Sales Growth: Strattec's net sales for Q2 reached $137.5 million, a 6% increase, driven by $3.1 million from pricing strategies and $3 million from improved sales mix, demonstrating the company's ability to grow despite reduced market demand.
- Gross Margin Improvement: Gross profit rose by $5.6 million to $22.7 million, with gross margin expanding by 330 basis points, primarily due to pricing actions and increased production volumes, indicating significant achievements in cost control and efficiency.
- Strong Cash Flow: Operating cash flow for Q2 was $13.9 million, a 47% increase, reflecting the company's ability to maintain robust liquidity while continuing investments, providing a solid financial foundation for future growth.
- Cautious Future Outlook: Despite facing a slowdown in the U.S. automotive production market and foreign exchange pressures, Strattec remains focused on enhancing productivity and profitability, indicating the company's commitment to pursuing long-term growth in an uncertain environment.
See More
Strattec Reports 6% Sales Growth in Q2 Fiscal 2026
- Sales Growth Highlight: Strattec's Q2 sales reached $137.5 million, reflecting a 6% year-over-year increase driven by pricing strategies, new program launches, and customer inventory builds, demonstrating the company's resilience amid market fluctuations.
- Margin Improvement: The gross margin for the quarter improved to 16.5%, up 330 basis points from 13.2% in the prior year, indicating effective cost control through pricing and increased production volumes, thereby enhancing profitability.
- Significant Net Income Growth: Strattec reported a net income of $4.9 million for the quarter, translating to $1.20 per diluted share, a substantial increase from $1.3 million and $0.32 per diluted share in the prior year, highlighting ongoing improvements in earnings power.
- Enhanced Financial Flexibility: As of December 28, 2025, the company had $99.0 million in cash and cash equivalents with only $2.5 million in debt, providing a strong balance sheet that supports future investments and business expansion.
See More
STRATTEC SECURITY CORP - ADDITIONAL RESTRUCTURING MEASURES FOR FISCAL 2026 ANTICIPATED TO GENERATE $3.4 MILLION IN SAVINGS
- Fiscal Restructuring: Strategic Security Corp is expected to implement fiscal restructuring actions by 2026.
- Projected Savings: These actions are anticipated to result in savings of approximately $3.4 million.
See More
Mobileye Acquires Humanoid Robot Maker Mentee for $900 Million, Stock Jumps 11%
- Acquisition News: Mobileye's announcement of a $900 million acquisition of humanoid robot maker Mentee led to an approximately 11% stock increase, which not only strengthens its technological capabilities in autonomous driving but also potentially expands its market applications.
- CEO Compensation Plan: GameStop's stock rose 2% following the unveiling of CEO Ryan Cohen's compensation package, which includes objectives to grow the company to $100 billion, reflecting the company's confidence and strategic planning for future growth.
- Bitcoin Asset Support: Strategy's stock gained 5% after MSCI backed away from its plan to remove digital asset companies from its indexes, providing greater market stability and investment appeal for digital asset firms.
- Energy Investment Intent: Chevron's stock ticked up 1% after the Financial Times reported its plans to bid on some of Lukoil's assets alongside private equity firm Quantum Capital, indicating the company's intent to expand in the global energy market.
See More
Strattec Security Corporation Q2 2026 Earnings Highlights
- Significant Sales Growth: Strattec achieved $137.5 million in sales for Q2 2026, marking a 6% year-over-year increase driven by pricing strategies, favorable sales mix, and new program launches, demonstrating the company's strong adaptability in the automotive sector.
- Dramatic Net Income Increase: The company reported net income nearly quadrupling year-over-year to $5 million, with diluted earnings per share at $1.21, and adjusted EPS soaring 163% to $1.71, reflecting successful transformation in cost control and operational efficiency.
- Cash Flow and Debt Management: Operating cash flow reached $13.9 million for the quarter, up 48% year-over-year, with year-to-date cash flow at $25.2 million, showcasing strong cash generation capabilities, while total debt stands at just $2.5 million, indicating robust financial health.
- Cautious Future Outlook: While management expresses confidence in strategic direction, they anticipate a year-over-year sales decline of 3% to 4% in the second half, reflecting challenges in North American automotive production and external economic pressures, necessitating ongoing market vigilance.
See More
Strattec Security Q2 Earnings Exceed Expectations
- Strong Earnings Performance: Strattec Security reported a Q2 non-GAAP EPS of $1.71, beating expectations by $0.78, which highlights the company's significant profitability improvement and competitive advantage in the automotive supply chain.
- Revenue Growth: The company achieved revenues of $137.5 million in Q2, exceeding market expectations by $5.21 million, indicating robust sales performance amid recovering market demand, further solidifying its market position.
- Cash Flow Improvement: Operating cash flow for Q2 was $13.9 million, an increase of $4.4 million or 47% year-over-year, demonstrating effective cash earnings management that enhances financial health and future investment capacity.
- Increased Cash Reserves: As of December 28, 2025, the company had $99.0 million in cash and cash equivalents, up from $90.5 million at the end of Q1, reflecting effective liquidity management that supports future business expansion.
See More
Strattec Reports Strong Q2 Results Amid Challenges
- Significant Sales Growth: Strattec's net sales for Q2 reached $137.5 million, a 6% increase, driven by $3.1 million from pricing strategies and $3 million from improved sales mix, demonstrating the company's ability to grow despite reduced market demand.
- Gross Margin Improvement: Gross profit rose by $5.6 million to $22.7 million, with gross margin expanding by 330 basis points, primarily due to pricing actions and increased production volumes, indicating significant achievements in cost control and efficiency.
- Strong Cash Flow: Operating cash flow for Q2 was $13.9 million, a 47% increase, reflecting the company's ability to maintain robust liquidity while continuing investments, providing a solid financial foundation for future growth.
- Cautious Future Outlook: Despite facing a slowdown in the U.S. automotive production market and foreign exchange pressures, Strattec remains focused on enhancing productivity and profitability, indicating the company's commitment to pursuing long-term growth in an uncertain environment.
See More
Strattec Reports 6% Sales Growth in Q2 Fiscal 2026
- Sales Growth Highlight: Strattec's Q2 sales reached $137.5 million, reflecting a 6% year-over-year increase driven by pricing strategies, new program launches, and customer inventory builds, demonstrating the company's resilience amid market fluctuations.
- Margin Improvement: The gross margin for the quarter improved to 16.5%, up 330 basis points from 13.2% in the prior year, indicating effective cost control through pricing and increased production volumes, thereby enhancing profitability.
- Significant Net Income Growth: Strattec reported a net income of $4.9 million for the quarter, translating to $1.20 per diluted share, a substantial increase from $1.3 million and $0.32 per diluted share in the prior year, highlighting ongoing improvements in earnings power.
- Enhanced Financial Flexibility: As of December 28, 2025, the company had $99.0 million in cash and cash equivalents with only $2.5 million in debt, providing a strong balance sheet that supports future investments and business expansion.
See More
STRATTEC SECURITY CORP - ADDITIONAL RESTRUCTURING MEASURES FOR FISCAL 2026 ANTICIPATED TO GENERATE $3.4 MILLION IN SAVINGS
- Fiscal Restructuring: Strategic Security Corp is expected to implement fiscal restructuring actions by 2026.
- Projected Savings: These actions are anticipated to result in savings of approximately $3.4 million.
See More
Mobileye Acquires Humanoid Robot Maker Mentee for $900 Million, Stock Jumps 11%
- Acquisition News: Mobileye's announcement of a $900 million acquisition of humanoid robot maker Mentee led to an approximately 11% stock increase, which not only strengthens its technological capabilities in autonomous driving but also potentially expands its market applications.
- CEO Compensation Plan: GameStop's stock rose 2% following the unveiling of CEO Ryan Cohen's compensation package, which includes objectives to grow the company to $100 billion, reflecting the company's confidence and strategic planning for future growth.
- Bitcoin Asset Support: Strategy's stock gained 5% after MSCI backed away from its plan to remove digital asset companies from its indexes, providing greater market stability and investment appeal for digital asset firms.
- Energy Investment Intent: Chevron's stock ticked up 1% after the Financial Times reported its plans to bid on some of Lukoil's assets alongside private equity firm Quantum Capital, indicating the company's intent to expand in the global energy market.
See More
