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Strattec Security STRT Standard Product Warranty Accrual

Standard Product Warranty Accrual at other companies

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StoneridgeSRI
$19.2M-30.9%
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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$361.01M+20.2%
P/E14.5×-1.6×
P/S0.6×+0.1×

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:ProductWarrantyAccrualClassifiedCurrent.

The source filing: Strattec Security’s 10-Q, filed May 8, 2026.

Filed
May 8, 2026, 1:45 PM EDT
Fiscal quarter
Q3 FY2026
Calendar quarter
Q1 2026
Accession
0001193125-26-214153
Line itemMarch 29,2026June 29,2025
Accounts payable$64,742$65,824
Accrued payroll and benefits18,07422,956
Value-added tax payable7,90511,933
Warranty reserve8,6038,900
Current portion of borrowings under credit facilities1,000-
Other current liabilities15,5229,737
Total current liabilities115,846119,350
Noncurrent Liabilities:

ITEM 1. FINANCIAL STATEMENTS

FAQ

What is Strattec Security's standard product warranty accrual?
Strattec Security (STRT) reported standard product warranty accrual of $8.6M in Q1 2026.
How has Strattec Security's standard product warranty accrual changed year-over-year?
Strattec Security's standard product warranty accrual decreased by 19.9% year-over-year, from $10.75M to $8.6M.
What is the long-term trend for Strattec Security's standard product warranty accrual?
Over 4 years (2021 to 2025), Strattec Security's standard product warranty accrual has grown at a 1.4% compound annual growth rate (CAGR), from $8.43M to $8.9M.
What does standard product warranty accrual mean?
This represents the estimated liability for future costs associated with repairing or replacing products under standard warranty terms. It reflects the company's historical experience with product quality and serves as a key indicator of potential future cash outflows related to manufacturing or design defects.

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