Strattec Security Corporation 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. The Company ships products to customer locations in the United States, Canada, Mexico, Europe, South America, Korea and China, and provides full service aftermarket support. Strattec Security also supplies products for the heavy truck and recreational vehicle markets, as well as precision die castings.

Employee Rating

3.2More
TypePublic
HQGlendale, US
Founded1995
Size (employees)4,420 (est)+14%
Websitestrattec.com
Strattec Security was founded in 1995 and is headquartered in Glendale, US
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Key People/Management at Strattec Security

Frank Krejci

Frank Krejci

President and Chief Executive Officer
Patrick Hansen

Patrick Hansen

Senior Vice President, Chief Financial Officer, Treasurer and Secretary
Rolando Guillot

Rolando Guillot

Senior Vice President, Operations
Brian Reetz

Brian Reetz

Vice President of Security Products
Richard Messina

Richard Messina

Vice President of Global Sales and Access Control Products
Al Hamdan

Al Hamdan

Vice President, Product Management
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Strattec Security Office Locations

Strattec Security has an office in Glendale
Glendale, (HQ)
3333 W Good Hope Rd
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Strattec Security Financials and Metrics

Strattec Security Revenue

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Strattec Security's revenue was reported to be $439.20 m in FY, 2018
USD

Revenue (FY, 2018)

439.2m

Gross profit (FY, 2018)

54.4m

Gross profit margin (FY, 2018), %

12.4%

Net income (FY, 2018)

15.6m

EBIT (FY, 2018)

13.3m

Market capitalization (12-Dec-2018)

120.1m

Closing stock price (12-Dec-2018)

32.1

Cash (1-Jul-2018)

8.1m
Strattec Security's current market capitalization is $120.1 m.
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Revenue

348.4m411.5m401.4m417.3m439.2m

Revenue growth, %

(2%)

Cost of goods sold

282.6m338.8m336.6m357.2m384.8m

Gross profit

65.8m72.7m64.8m60.2m54.4m
Quarterly
USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q1, 2016Q3, 2016Q3, 2017Q2, 2018Q3, 2018

Revenue

79.6m81.5m85.3m122.2m102.0m88.8m96.5m102.5m100.2m94.0m109.7m103.2m116.8m

Cost of goods sold

65.1m65.5m70.4m94.2m83.5m73.1m80.0m83.9m85.6m79.5m92.3m90.5m101.6m

Gross profit

14.5m15.9m14.9m28.1m18.5m15.8m16.5m18.6m14.6m14.5m17.4m12.6m15.2m

Gross profit Margin, %

18%20%17%23%18%18%17%18%15%15%16%12%13%
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Cash

19.8m25.7m15.5m8.4m8.1m

Accounts Receivable

1.2m

Inventories

38.7m35.5m46.7m

Current Assets

135.6m138.2m134.5m129.0m151.1m
Quarterly
USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q1, 2016Q3, 2016Q3, 2017Q2, 2018Q3, 2018

Cash

12.8m20.4m20.5m22.5m19.8m28.0m20.0m17.9m17.1m23.2m5.0m8.4m7.0m

Inventories

27.3m30.0m28.6m32.0m38.9m35.8m42.0m45.2m38.7m41.7m38.2m42.3m43.0m

Current Assets

107.5m109.6m119.7m151.5m136.4m140.6m137.1m143.5m138.8m140.4m130.5m134.5m147.9m

Total Assets

174.2m179.9m191.7m234.8m227.2m234.4m234.6m243.7m251.6m247.3m263.5m288.5m307.1m
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Net Income

19.1m24.6m14.1m12.1m15.6m

Depreciation and Amortization

8.3m8.8m10.1m11.4m14.6m

Inventories

(6.2m)(4.3m)(3.9m)3.2m(11.2m)

Accounts Payable

203.0k1.8m5.2m3.7m
Quarterly
USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q1, 2016Q3, 2016Q3, 2017Q2, 2018Q3, 2018

Net Income

3.9m8.5m12.8m10.3m6.9m5.4m3.8m9.0m2.4m3.3m9.1m7.1m11.0m

Depreciation and Amortization

2.1m4.2m6.2m2.1m2.4m5.1m8.5m6.7m10.6m

Inventories

(3.0m)(5.7m)(4.3m)(1.5m)(7.2m)(10.4m)473.0k(6.8m)(7.5m)

Accounts Payable

752.0k272.0k6.4m10.3m1.6m1.2m37.0m29.4m7.8m(2.5m)6.2m
USDY, 2018

Revenue/Employee

112.8k

Financial Leverage

1.7 x
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Strattec Security Operating Metrics

FY, 2015Nov, 2015May, 2016FY, 2016FY, 2017

Engineering Centers

13 13 13 13 13

Manufacturing Facilities

16 16 16 16 17
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Strattec Security Online and Social Media Presence

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Strattec Security Company Life and Culture

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Strattec Security Frequently Asked Questions

  • When was Strattec Security founded?

    Strattec Security was founded in 1995.

  • Who are Strattec Security key executives?

    Strattec Security's key executives are Frank Krejci, Patrick Hansen and Rolando Guillot.

  • How many employees does Strattec Security have?

    Strattec Security has 4,420 employees.

  • What is Strattec Security revenue?

    Latest Strattec Security annual revenue is $439.2 m.

  • What is Strattec Security revenue per employee?

    Latest Strattec Security revenue per employee is $99.4 k.

  • Who are Strattec Security competitors?

    Competitors of Strattec Security include Gentex, Autoliv and Magneti Marelli.

  • Where is Strattec Security headquarters?

    Strattec Security headquarters is located at 3333 W Good Hope Rd, Glendale.

  • Where are Strattec Security offices?

    Strattec Security has an office in Glendale.

  • How many offices does Strattec Security have?

    Strattec Security has 1 office.