STRATTEC SECURITY CORPORATION, headquartered in Milwaukee, Wisconsin, is one of the world's largest producer of automotive locks and keys. STRATTEC designs, develops, manufactures and markets mechanical locks, electronically enhanced locks and keys, and ignition lock housings; access control products, including latches, power sliding door systems, power lift gate systems, power deck lid systems, door handles and related access control products for North American and global automotive customers. STRATTEC ships products to customer locations in the United States, Canada, Mexico, Europe, South America, Korea and China, and provides full service aftermarket support. STRATTEC also supplies products for the heavy truck and recreational vehicle markets, as well as precision die castings.
STRATTEC's mission is to provide the highest value mechanical, electro-mechanical and electronic security/access control products for the global motor vehicle industry. We will do so in a manner which ensures our customers' total satisfaction with the products and services we supply and provides enhanced economic value to our shareholders.
Strattec Security was founded in 1995 and is headquartered in Glendale, US
Strattec Security Office Locations
Strattec Security has an office in Glendale
Glendale, US (HQ)
3333 W Good Hope Rd
Strattec Security Data and Metrics
Strattec Security Financial Metrics
Strattec Security's revenue was reported to be $401.4 m in FY, 2016 which is a 2% decrease from the previous period.
Numbers are in $, USD
Revenue (FY, 2016) | 401.4 m |
Revenue growth (FY, 2015 - FY, 2016), % | (2%) |
Gross profit (FY, 2016) | 64.8 m |
Gross profit margin (FY, 2016), % | 16% |
Net income (FY, 2016) | 14.1 m |
EBIT (FY, 2016) | 20.9 m |
Market capitalization (26-May-2017) | 125 m |
Closing share price (26-May-2017) | 34.4 |
Cash (03-Jul-2016) | 15.5 m |
Strattec Security's current market capitalization is $125 m.
| Numbers are in $, USD | FY, 2014 | FY, 2015 | FY, 2016 |
|---|---|---|---|
Revenue | 411.5 m | 401.4 m | |
Revenue growth, % | (2%) | ||
Cost of goods sold | 338.8 m | 336.6 m | |
Gross profit | 72.7 m | 64.8 m | |
Gross profit Margin, % | 18% | 16% | |
EBIT | 31.1 m | 20.9 m | |
EBIT margin, % | 8% | 5% | |
Interest income | 185 k | 25 k | |
Net Income | 19.1 m | 24.6 m | 14.1 m |
| Numbers are in $, USD | FY, 2014 | FY, 2015 | FY, 2016 |
|---|---|---|---|
Cash | 19.8 m | 25.7 m | 15.5 m |
Accounts Receivable | 1.2 m | ||
Current Assets | 135.6 m | 138.2 m | 134.5 m |
PP&E | 55.8 m | 71.1 m | 85.1 m |
Total Assets | 213 m | 235.4 m | 242.2 m |
Accounts Payable | 36.1 m | 27.8 m | 32.4 m |
Current Liabilities | 65.3 m | 64.7 m | 64.2 m |
Additional Paid-in Capital | 87.1 m | 89.6 m | 92.1 m |
Retained Earnings | 194.5 m | 213.4 m | 220.7 m |
Total Equity | 152.4 m | 154.5 m | |
Financial Leverage | 1.5 x | 1.6 x |
| Numbers are in $, USD | FY, 2014 | FY, 2015 | FY, 2016 |
|---|---|---|---|
Net Income | 19.1 m | 24.6 m | 14.1 m |
Depreciation and Amortization | 8.3 m | 8.8 m | 10.1 m |
Accounts Receivable | (179 k) | (893 k) | (27 m) |
Inventories | (6.2 m) | (4.3 m) | (3.9 m) |
Accounts Payable | 203 k | 1.8 m | |
Cash From Operating Activities | 11.5 m | 31.5 m | 8.2 m |
Purchases of PP&E | (12.8 m) | (26.1 m) | (23.5 m) |
Cash From Investing Activities | (13 m) | (30.8 m) | (25.3 m) |
Dividends Paid | (1.5 m) | (1.7 m) | (1.9 m) |
Cash From Financing Activities | 961 k | 5.8 m | 7.2 m |
Interest Paid | 42 k | 47 k | 157 k |
Income Taxes Paid | 5.4 m | 14.8 m | 4.7 m |
| Numbers are in $, USD | Y, 2016 |
|---|---|
Revenue/Employee | 117.4 k |
Financial Leverage | 1.6 x |
