Strattec security corp (STRT)
Income statement / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jul'18Jun'18Apr'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Dec'10Sep'10
Net sales

116,938

106,283

119,962

128,704

128,230

112,913

117,159

116,730

-

116,823

-

103,182

102,460

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cost of goods sold

99,928

95,950

104,076

114,505

112,548

100,177

101,976

-

103,593

101,626

-

90,536

88,997

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net sales

-

-

-

-

-

-

-

-

-

-

116,823

-

-

-

109,706

98,945

100,244

-

94,048

102,511

96,513

98,426

88,817

101,990

122,242

102,062

85,278

81,484

79,595

80,471

74,658

72,243

70,807

76,363

70,608

65,886

66,377

74,222

65,650

61,212

59,849

Cost of goods sold

-

-

-

-

-

-

-

-

-

-

101,626

-

-

-

92,105

85,251

85,441

-

79,527

83,901

80,014

88,026

73,066

83,538

94,185

81,614

70,386

65,541

65,080

65,846

61,437

59,936

57,094

61,896

57,556

54,646

54,873

61,304

56,531

51,239

49,696

Gross profit

17,010

10,333

15,886

14,199

15,682

12,736

15,183

-

13,137

15,197

15,197

12,646

13,463

14,857

17,601

13,694

14,803

16,096

14,521

18,610

16,499

10,400

15,751

18,452

28,057

20,448

14,892

15,943

14,515

14,625

13,221

12,307

13,713

14,467

13,052

11,240

11,504

12,918

9,119

9,973

10,153

Engineering, selling and administrative expenses

10,727

12,094

12,954

13,964

11,721

10,470

11,031

-

10,135

10,839

10,839

10,152

10,042

11,805

11,782

11,243

11,283

11,097

10,680

11,196

10,574

8,010

9,847

10,490

13,187

10,797

9,757

9,250

9,470

9,308

8,025

8,481

9,120

9,013

8,720

7,979

8,208

9,007

7,953

8,318

8,165

Income from operations

6,283

-1,761

2,932

235

3,961

2,266

4,152

-

3,002

4,358

4,358

2,494

3,421

3,052

5,819

2,451

3,520

4,999

3,841

7,414

5,925

2,390

5,904

7,962

14,870

9,651

5,135

6,693

5,045

5,317

3,052

3,826

4,593

5,454

4,332

3,261

3,296

3,911

1,166

1,655

1,988

Interest income

-

-

-

-

-

-

-

-

0

1

1

3

4

4

52

39

41

6

4

8

7

59

61

43

22

42

37

21

6

5

3

10

3

22

15

15

17

35

36

25

23

Equity (loss) earnings of joint ventures

-921

492

484

332

66

1,476

909

-

1,414

619

619

1,473

1,026

538

-163

229

62

-1,749

-171

-22

-293

-650

-207

-121

190

99

267

297

294

177

-291

-99

-12

-619

-140

-192

-120

246

197

381

422

Interest expense

204

248

340

391

413

404

407

-

376

305

305

253

203

141

100

98

78

81

51

23

21

32

17

11

11

8

8

15

14

9

10

10

5

8

19

23

31

41

38

45

51

Pension termination settlement charge

-

-

-

-

-

-32,434

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-2,144

-

-

-

-

-

-

-

-

-

-

Other income (expense), net

1,049

23

-97

-39

209

-262

-245

-

666

158

158

109

87

-209

1,192

426

-242

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other income, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

244

350

-32

172

698

1,823

788

-24

71

-54

279

919

-759

187

-18

285

662

503

-868

321

-357

57

199

Income (loss) before provision for income taxes and non-controlling interest

6,207

-1,494

2,979

693

3,823

-29,358

4,409

-

4,706

4,831

4,831

3,826

4,335

3,244

6,800

3,047

3,303

2,010

3,867

7,727

5,586

1,939

6,439

9,696

15,859

9,760

5,502

6,942

5,610

6,409

1,995

3,914

4,561

5,134

4,850

3,564

2,294

4,472

1,004

2,073

2,581

Provision (benefit) for income taxes

1,294

-399

299

-746

786

-7,760

-20

-

114

899

899

-9

1,066

224

1,752

1,410

898

211

589

2,514

1,754

4

1,064

2,795

5,519

3,372

1,285

2,261

1,756

2,489

557

1,074

1,246

872

1,136

1,260

321

1,146

262

331

801

Net income (loss)

4,913

-1,095

2,680

1,439

3,037

-21,598

4,429

-

4,592

3,932

3,932

3,835

3,269

3,020

5,048

1,637

2,405

1,799

3,278

5,213

3,832

1,935

5,375

6,901

10,340

6,388

4,217

4,681

3,854

3,920

1,438

2,840

3,315

4,262

3,714

2,304

1,973

3,326

742

1,742

1,780

Net income attributable to non-controlling Interest

1,919

246

1,436

1,501

1,307

566

962

-

616

963

963

953

813

1,245

1,566

1,239

863

1,215

1,389

1,810

559

735

999

1,123

1,040

649

616

808

643

703

344

446

645

1,027

986

756

691

628

687

495

362

Net income (loss) attributable to STRATTEC SECURITY CORPORATION

2,994

-1,341

1,244

-62

1,730

-22,164

3,467

-

3,976

2,969

2,969

2,882

2,456

1,775

3,482

398

1,542

584

1,889

3,403

3,273

1,200

4,376

5,778

9,300

5,739

3,601

3,873

3,211

3,217

1,094

2,394

2,670

3,235

2,728

1,548

1,282

2,698

55

1,247

1,418

Comprehensive (loss) income:
Net income (loss)

4,913

-1,095

2,680

1,439

3,037

-21,598

4,429

-

4,592

3,932

3,932

3,835

3,269

3,020

5,048

1,637

2,405

1,799

3,278

5,213

3,832

1,935

5,375

6,901

10,340

6,388

4,217

4,681

3,854

3,920

1,438

2,840

3,315

4,262

3,714

2,304

1,973

3,326

742

1,742

1,780

Currency translation adjustments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,067

-46

732

-806

1,371

304

-2,949

653

595

362

167

Pension and postretirement plans, net of tax

-74

-73

-73

131

1

-19,677

-316

-

291

-338

-338

-277

-278

-4,344

-475

-474

-475

6,970

-362

-364

-364

3,134

-427

-428

-428

-853

-435

-434

-435

-

-3,621

-

-

-

-

-

-

-

-

-

-

Currency translation adjustments

-6,245

1,634

-1,448

-594

1,037

-1,829

831

-

-3,412

3,487

3,487

-2,591

297

1,248

3,357

-3,408

-1,623

-1,109

-784

-488

-2,867

-449

-1,242

-2,590

-852

123

-124

197

-336

-

-

-

-

-

-

-

-

-

-

-

-

Other comprehensive (loss) income, net of tax

-6,171

1,707

-1,375

-725

1,036

17,848

1,147

-

-3,703

3,825

3,825

-2,314

575

5,592

3,832

-2,934

-1,148

-8,079

-422

-124

-2,503

-3,583

-815

-2,162

-424

976

311

631

99

8,180

4,688

-46

732

-

-

-

-

-

-

-

-

Total other comprehensive income (loss)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

362

167

Comprehensive (loss) income

-1,258

612

1,305

714

4,073

-3,750

5,576

-

889

7,757

7,757

1,521

3,844

8,612

8,880

-1,297

1,257

-6,280

2,856

5,089

1,329

-1,648

4,560

4,739

9,916

7,364

4,528

5,312

3,953

12,100

6,126

2,794

4,047

-8,534

5,085

2,608

-976

12,429

1,337

2,104

1,947

Comprehensive (loss) income attributable to non-controlling interest

-468

748

1,184

1,607

1,432

69

1,616

-

-430

1,894

1,894

80

735

1,733

2,638

346

753

1,123

1,357

1,779

400

698

935

965

976

664

615

817

623

644

396

437

670

-

-

755

611

642

700

500

366

Comprehensive (loss) income attributable to STRATTEC SECURITY CORPORATION

-790

-136

121

-893

2,641

-3,819

3,960

-

1,319

5,863

5,863

1,441

3,109

6,879

6,242

-1,643

504

-7,403

1,499

3,310

929

-2,346

3,625

3,774

8,940

6,700

3,913

4,495

3,330

11,456

5,730

2,357

3,377

-9,540

4,060

1,853

-1,587

11,787

637

1,604

1,581

Earnings (loss) per share attributable to STRATTEC SECURITY CORPORATION:
Basic

0.80

-0.36

0.34

-0.02

0.47

-6.03

0.95

-

1.10

0.82

0.82

0.79

0.68

0.50

0.97

0.11

0.43

0.15

0.53

0.95

0.92

0.32

1.23

1.62

2.63

1.63

1.03

1.11

0.93

0.95

0.32

0.71

0.79

0.97

0.83

0.47

0.39

0.82

0.02

0.38

0.43

Diluted

0.79

-0.36

0.33

-0.06

0.46

-5.96

0.93

-

1.07

0.80

0.80

0.78

0.67

0.48

0.95

0.11

0.42

0.16

0.52

0.93

0.90

0.33

1.20

1.58

2.55

1.59

1.00

1.09

0.91

0.92

0.32

0.70

0.78

0.96

0.82

0.47

0.39

0.81

0.02

0.37

0.43

Average shares outstanding:
Basic

3,748

3,741

3,710

3,693

3,684

3,675

3,652

-

3,636

3,634

3,634

3,631

3,611

3,595

3,592

3,589

3,576

3,565

3,565

3,563

3,543

3,525

3,520

3,518

3,497

3,474

3,443

3,413

3,382

3,355

3,327

3,317

3,309

3,302

3,303

3,301

3,294

3,288

3,286

3,286

3,280

Diluted

3,768

3,741

3,728

3,547

3,728

3,718

3,711

-

3,708

3,708

3,708

3,715

3,681

3,681

3,671

3,667

3,661

3,624

3,619

3,624

3,617

3,608

3,603

3,612

3,593

3,571

3,534

3,487

3,460

3,434

3,389

3,353

3,340

3,332

3,333

3,329

3,326

3,325

3,339

3,329

3,299

Cash dividends declared per share

0.14

0.14

0.14

-

0.14

0.14

0.14

-

-

0.14

0.14

0.14

0.14

-

0.14

0.14

0.14

-

0.13

0.13

0.13

-

0.12

0.12

0.12

-

0.11

0.11

0.11

-

0.00

0.30

0.10

-

0.10

0.10

0.10

-

0.00

0.00

1.20