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Strattec Security STRT Business Segments — Labor And Related Expense

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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$348.6M+16.0%
P/E14×-2.1×
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×
Current ratio2.6×+0.3×

Where this comes from

Reported directly by Strattec Security in its filing.

Tagged under the XBRL concept us-gaap:LaborAndRelatedExpense.

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 itemThree Months Ended / March 29, 2026Three Months Ended / March 30, 2025Nine Months Ended / March 29, 2026Nine Months Ended / March 30, 2025
Net sales$137,632$144,082$427,565$413,053
Significant expenses:
Direct material costs73,85878,696234,169229,270
Labor and overhead costs41,11342,281121,679124,606
Selling costs2,8032,5638,1577,648
Administrative costs8,5076,29323,08216,991
Engineering costs6,3057,16420,12320,256
Interest income(879)(529)(2,641)(1,286)

ITEM 1. FINANCIAL STATEMENTS

FAQ

What is Strattec Security's business segments — labor and related expense?
Strattec Security (STRT) reported business segments — labor and related expense of $41.11M in Q1 2026.
How has Strattec Security's business segments — labor and related expense changed year-over-year?
Strattec Security's business segments — labor and related expense decreased by 2.8% year-over-year, from $42.28M to $41.11M.
What does business segments — labor and related expense mean?
This metric measures the total costs associated with direct and indirect labor, including wages, benefits, and payroll taxes, specifically allocated to the business segment. It reflects the human capital investment required to sustain production and operational activities. Managing this expense is vital for maintaining competitive unit costs and operational profitability.

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