Strattec Security

Automotive Manufacturing & Industrial auto parts electric components security

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.

Revenue(FY, 2016)

$401.4 M

Market capitalization(2018-06-22)

$118.3 M

Type

Public

Glendale, US

Founded

1995

Size (employees)

3,892 (est)

Website

strattec.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

President and Chief Executive Officer

Patrick Hansen

Senior Vice President, Chief Financial Officer, Treasurer and Secretary

Rolando Guillot

Senior Vice President, Operations

Brian Reetz

Vice President of Security Products

Richard Messina

Vice President of Global Sales and Access Control Products

Al Hamdan

Vice President, Product Management

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Strattec Security Office Locations

Strattec Security has an office in Glendale

Glendale, US (HQ)

3333 W Good Hope Rd

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Strattec Security Financials and Metrics

Strattec Security Financials

Strattec Security's revenue was reported to be $401.42 m in FY, 2016 which is a 2.4% decrease from the previous period.

Summary

USD
Revenue (Q3, 2018)	322.5 m
Gross profit (Q3, 2018)	41.3 m
Gross profit margin (Q3, 2018), %	12.8%
Net income (Q3, 2018)	11 m
EBIT (Q3, 2018)	10.3 m
Market capitalization (22-Jun-2018)	118.3 m
Closing share price (22-Jun-2018)	32
Cash (1-Apr-2018)	7 m

Strattec Security's current market capitalization is $118.3 m.

Income Statement

Annual

USD	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

Quarterly

USD	Q1, 2014	Q2, 2014	Q3, 2014	Q1, 2015	Q2, 2015	Q3, 2015	Q1, 2016	Q2, 2016	Q1, 2016	Q3, 2016	Q3, 2017	Q2, 2018	Q3, 2018
Revenue	79.6 m	81.5 m	85.3 m	122.2 m	102 m	88.8 m	96.5 m	102.5 m	100.2 m	94 m	109.7 m	205.6 m	322.5 m
Cost of goods sold	65.1 m	65.5 m	70.4 m	94.2 m	83.5 m	73.1 m	80 m	83.9 m	85.6 m	79.5 m	92.3 m	179.5 m	281.2 m
Gross profit	14.5 m	15.9 m	14.9 m	28.1 m	18.5 m	15.8 m	16.5 m	18.6 m	14.6 m	14.5 m	17.4 m	26.1 m	41.3 m
Gross profit Margin, %	18%	20%	17%	23%	18%	18%	17%	18%	15%	15%	16%	13%	13%

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Balance Sheet

Annual

USD	FY, 2014	FY, 2015	FY, 2016
Cash	19.8 m	25.7 m	15.5 m
Accounts Receivable			1.2 m
Inventories			38.7 m
Current Assets	135.6 m	138.2 m	134.5 m

Quarterly

USD	Q1, 2014	Q2, 2014	Q3, 2014	Q1, 2015	Q2, 2015	Q3, 2015	Q1, 2016	Q2, 2016	Q1, 2016	Q3, 2016	Q3, 2017	Q2, 2018	Q3, 2018
Cash	12.8 m	20.4 m	20.5 m	22.5 m	19.8 m	28 m	20 m	17.9 m	17.1 m	23.2 m	5 m	8.4 m	7 m
Inventories	27.3 m	30 m	28.6 m	32 m	38.9 m	35.8 m	42 m	45.2 m	38.7 m	41.7 m	38.2 m	42.3 m	43 m
Current Assets	107.5 m	109.6 m	119.7 m	151.5 m	136.4 m	140.6 m	137.1 m	143.5 m	138.8 m	140.4 m	130.5 m	134.5 m	147.9 m
Total Assets	174.2 m	179.9 m	191.7 m	234.8 m	227.2 m	234.4 m	234.6 m	243.7 m	251.6 m	247.3 m	263.5 m	288.5 m	307.1 m

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Cash Flow

Annual

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
Inventories	(6.2 m)	(4.3 m)	(3.9 m)
Accounts Payable	203 k	1.8 m

Quarterly

USD	Q1, 2014	Q2, 2014	Q3, 2014	Q1, 2015	Q2, 2015	Q3, 2015	Q1, 2016	Q2, 2016	Q1, 2016	Q3, 2016	Q3, 2017	Q2, 2018	Q3, 2018
Net Income	3.9 m	4.7 m	4.2 m	10.3 m	6.9 m	5.4 m	3.8 m	5.2 m	2.4 m	3.3 m	5 m	7.1 m	11 m
Depreciation and Amortization												6.7 m	10.6 m
Inventories												(6.8 m)	(7.5 m)
Accounts Payable							34.1 m	35.1 m	37 m	29.4 m	40.4 m	(2.5 m)	6.2 m