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Strattec Security STRT Product Warranty Accrual Preexisting Increase Decrease

Product Warranty Accrual Preexisting Increase Decrease at other companies

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VisteonVC
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Other financials

Income statement

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Revenue$137.6M-4.5%
Gross profit$22.7M-1.9%
Operating income$5.0M-28.8%
Net income$3.2M-40.0%
EPS (diluted)$0.78-40.9%

Balance sheet

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Cash & equivalents$107.0M+72.2%
Total debt$3.3M-20.5%
Total equity$240.5M+14.1%
Total assets$399.5M+3.1%

Cash flow

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Operating cash flow$11.4M-44.8%
CapEx$1.8M+49.8%
Free cash flow$9.7M-50.4%

Valuation

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Market cap$337.56M+45.9%
P/E13.5×+2.0×
P/S0.6×+0.2×

Profitability

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Gross margin16.8%+2.8pp
Operating margin5%+0.7pp
Net margin4.3%+0.7pp
FCF margin10%+0.4pp

Returns & leverage

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Return on equity11.1%+1.2pp
Debt / equity0×0.0×
Current ratio2.6×+0.3×

Where this comes from

Reported directly by Strattec Security in its filing.

Tagged under the XBRL concept us-gaap:ProductWarrantyAccrualPreexistingIncreaseDecrease.

The official record: Strattec Security’s 10-K, filed August 25, 2025, on SEC EDGAR. View the filing →

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Questions, answered.

What is Strattec Security's product warranty accrual preexisting increase decrease?
Strattec Security (STRT) reported product warranty accrual preexisting increase decrease of -$94K in Q2 2025.
How has Strattec Security's product warranty accrual preexisting increase decrease changed year-over-year?
Strattec Security's product warranty accrual preexisting increase decrease decreased by 114.4% year-over-year, from $652K to -$94K.
What does product warranty accrual preexisting increase decrease mean?
This metric reflects adjustments made to the existing warranty liability reserve due to changes in estimates regarding future claims for products already sold. It captures revisions in expected costs for historical product performance rather than new sales. Significant fluctuations here may indicate changes in product quality trends or shifts in the reliability of the company's installed base.