Strattec Security Corp (STRT) Misses Q1 EPS

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STRATTEC SECURITY CORPORATION Reports Fiscal 2023 First Quarter Operating Results

October 27, 2022 4:00 PM EDT

MILWAUKEE, Oct. 27, 2022 (GLOBE NEWSWIRE) -- STRATTEC SECURITY CORPORATION (STRATTEC or the Company) (NASDAQ: STRT) today reported operating results for the fiscal first quarter ended October 2, 2022.

First QuarterNet sales for the first quarter ended October 2, 2022 were $120.4 million, compared to net sales of $100.3 million for the first quarter ended September 26, 2021. Net income was $128,000 in the current year first quarter, compared to net income of $101,000 in the prior year first quarter. Diluted earnings per share for the current year quarter and during the prior year first quarter were $0.03.

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