Strattec Security Corp (STRT) Misses Q2 EPS by 8c

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STRATTEC SECURITY CORPORATION Reports Fiscal 2015 Second Quarter Results

January 29, 2015 4:00 PM EST

MILWAUKEE, Jan. 29, 2015 (GLOBE NEWSWIRE) -- STRATTEC SECURITY CORPORATION (Nasdaq: STRT) ("STRATTEC" or the "Company") today reported operating results for the fiscal second quarter ended December 28, 2014.

Net sales for the Company's second quarter ended December 28, 2014 were $102.0 million, compared to net sales of $81.5 million for the second quarter ended December 29, 2013. Net income for the current quarterly period was $5.8 million, compared to net income of $3.9 million in the prior year quarter. Diluted earnings per share for the current quarterly period were $1.58 compared to diluted earnings per share of $1.09 during the prior year quarter.

For the six months... More