OverviewSuggest Edit

STRATTEC Security Corporation is a company that designs, develops, manufactures, and markets automotive access control products. It offers mechanical locks and keys, electronically enhanced locks and keys, steering column and instrument panel ignition lock housings, latches, power sliding side door systems, power lift gate systems, power deck lid systems, door handles, and related products.
TypePublic
Founded1995
HQGlendale, WI, US
Websitestrattec.com
Employee Ratings3.7

Latest Updates

Employees (est.) (Jun 2021)3,752(-2%)
Job Openings26
Revenue (FY, 2021)$485.3 M(+26%)
Share Price (May 2022)$34.6(+6%)
Cybersecurity ratingCMore
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Key People/Management at STRATTEC Security

Frank J. Krejci

Frank J. Krejci

President and Chief Executive Officer
Rolando J. Guillot

Rolando J. Guillot

Senior Vice President of Operations
Richard P. Messina

Richard P. Messina

Vice President Global Engineering and Purchasing
Al H. Hamdan

Al H. Hamdan

Vice President of Global Sales and Product Management
Harold M. Stratton II

Harold M. Stratton II

Chairman
Thomas W. Florsheim Jr.

Thomas W. Florsheim Jr.

Board Member
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STRATTEC Security Office Locations

STRATTEC Security has offices in Glendale, Auburn Hills, El Paso, Ciudad Juárez and in 1 other location
Glendale, WI, US (HQ)
3333 Good Hope Rd
Auburn Hills, MI, US
2998 Dutton Rd
El Paso, TX, US
12170 Rojas Dr Suite E
Ciudad Juárez, MX
No. 512, Auxiliar No. 1, Gema
Ciudad Juárez, MX
Parque Industrial de los Aztecas, Cd Juárez
Ciudad Juárez, MX
Ponciano Arriaga 550, Revolución Mexicana
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STRATTEC Security Financials and Metrics

STRATTEC Security Revenue

STRATTEC Security's revenue was reported to be $485.3 m in FY, 2021
USD

Revenue (Q2, 2022)

112.9m

Gross profit (Q2, 2022)

14.9m

Net income (Q2, 2022)

3.8m

EBIT (Q2, 2022)

3.6m

Market capitalization (13-May-2022)

136.9m

Closing stock price (13-May-2022)

34.6

Cash (26-Dec-2021)

14.1m

EV

139.8m
STRATTEC Security's current market capitalization is $136.9 m.
Annual
USDFY, 2018FY, 2019FY, 2020FY, 2021

Revenue

439.2m487.0m385.3m485.3m

Revenue growth, %

11%(21%)

Cost of goods sold

384.8m429.2m349.9m406.6m

Gross profit

54.4m57.8m35.4m78.7m
Quarterly
USDQ1, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021Q1, 2022Q2, 2022

Revenue

102.5m116.8m117.2m112.9m128.2m120.0m106.3m116.9m126.2m127.4m121.6m100.3m112.9m

Cost of goods sold

89.0m101.6m102.0m100.2m112.5m104.1m96.0m99.9m103.7m105.1m103.0m87.8m98.0m

Gross profit

13.5m15.2m15.2m12.7m15.7m15.9m10.3m17.0m22.5m22.2m18.7m12.5m14.9m

Gross profit Margin, %

13%13%13%11%12%13%10%15%18%17%15%
Annual
USDFY, 2019FY, 2020FY, 2021

Cash

7.8m11.8m14.5m

Accounts Receivable

84.2m42.0m69.9m

Inventories

47.3m54.4m70.9m

Current Assets

156.6m125.4m174.9m
Quarterly
USDQ1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021Q1, 2022Q2, 2022

Cash

11.2m9.3m10.2m12.0m10.4m11.3m7.0m14.1m

Accounts Receivable

78.9m65.9m72.8m79.8m85.8m81.3m66.6m72.5m

Inventories

51.5m52.5m58.3m51.7m56.3m58.3m77.7m73.2m

Current Assets

155.7m143.5m156.5m160.9m165.9m169.0m175.6m177.9m
Annual
USDFY, 2019FY, 2020FY, 2021

Net Income

(12.7m)(5.9m)29.9m

Depreciation and Amortization

17.2m19.3m19.8m

Inventories

(608.0k)(7.1m)(16.5m)

Accounts Payable

6.1m(24.2m)28.5m
Quarterly
USDQ1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021Q1, 2022Q2, 2022

Net Income

2.7m1.6m6.5m10.1m19.6m25.6m222.0k4.1m

Depreciation and Amortization

4.7m9.6m14.3m4.9m9.8m14.7m5.1m10.0m

Inventories

(4.2m)(5.2m)(11.1m)2.7m(1.9m)(3.9m)(6.8m)(2.4m)

Accounts Payable

1.7m(9.1m)3.7m27.9m27.3m27.2m7.4m(10.9m)
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STRATTEC Security Operating Metrics

FY, 2018FY, 2019FY, 2020

Distributors

505050

Engineering Centers

131313

Manufacturing Facilities

171818
Show all operating metrics

STRATTEC Security Acquisitions / Subsidiaries

Company NameDateDeal Size
Delphi Power Products GroupNovember 30, 2008
ADAC-STRATTEC LLC
STRATTEC de Mexico S.A. de C.V.
STRATTEC POWER ACCESS LLC

STRATTEC Security Revenue Breakdown

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STRATTEC Security revenue breakdown by business segment: 10.6% from Aftermarket and OE Service, 7.7% from Driver controls, 16.6% from Power Access, 26.4% from Keys and Locksets, 11.8% from Latches, 25.5% from Door Handles and Exterior Trim and 1.5% from Other

STRATTEC Security Cybersecurity Score

Cybersecurity ratingPremium dataset

C

78/100

SecurityScorecard logo

STRATTEC Security Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

50-59

out of 100

CSRHub logo

STRATTEC Security Online and Social Media Presence

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STRATTEC Security News and Updates

Honored to have been a sponsor of Danceworks, Inc.

2022 Mad Hot Rhythm Competition! Fourth, fifth and sixth grade students from Milwaukee area schools competed in three dance styles: Hip-Hop, Latin and Swing. We had so much fun attending this morning and being apart of such an amazing event and organization.

STRATTEC SECURITY CORPORATION Reports Fiscal 2022 Third Quarter Operating Results

STRATTEC SECURITY CORPORATION (NASDAQ:STRT) today reported operating results for the fiscal third quarter ended March 27, 2022.

Honored to attend the unveiling of the new Street Angels Milwaukee Outreach Inc

We were honored to attend the unveiling of the new Street Angels Milwaukee Outreach Inc. bus yesterday, donated by the STRATTEC Foundation, after the tragic loss of the original bus a few months prior. We appreciate all that you do for our community, and are excited to continue to support your missi…

STRATTEC launches electric vehicle initiative

STRATTEC’s commercial and technical teams are adapting automotive EV specifications and applications with innovative and optimal designs.

Strattec Launches Locking and Security Initiative for EVs

Strattec Security Corp., a global automotive supplier of smart vehicle power access systems and security solutions based in Milwaukee with a Michigan office in Auburn Hills, has launched its electric vehicle (EV) initiative to bring its technologies to the growing segment.

STRATTEC SECURITY CORPORATION Announces That Tina Chang Has Joined the Company’s Board of Directors

The Board of Directors of STRATTEC SECURITY CORPORATION is pleased to announce that Tina Chang has joined the Company’s Board. Ms. Chang is the CEO of SysLogic Inc., a Brookfield, Wisconsin - based consulting firm specializing in cybersecurity, technology strategies and digital transformation.
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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 J. Krejci, Rolando J. Guillot and Richard P. Messina.

  • How many employees does STRATTEC Security have?

    STRATTEC Security has 3,752 employees.

  • What is STRATTEC Security revenue?

    Latest STRATTEC Security annual revenue is $485.3 m.

  • What is STRATTEC Security revenue per employee?

    Latest STRATTEC Security revenue per employee is $129.3 k.

  • Who are STRATTEC Security competitors?

    Competitors of STRATTEC Security include Gentex, Taiwan Calsonic and Fiamm Componenti Accessori.

  • Where is STRATTEC Security headquarters?

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

  • Where are STRATTEC Security offices?

    STRATTEC Security has offices in Glendale, Auburn Hills, El Paso, Ciudad Juárez and in 1 other location.

  • How many offices does STRATTEC Security have?

    STRATTEC Security has 7 offices.