Strattec Security Corporation reported earnings results for the third quarter and nine months ended March 31, 2024. For the third quarter, the company reported sales was USD 140.77 million compared to USD 127.18 million a year ago. Net income was USD 1.51 million compared to net loss of USD 2.26 million a year ago. Basic earnings per share from continuing operations was USD 0.38 compared to basic loss per share from continuing operations of USD 0.57 a year ago. Diluted earnings per share from continuing operations was USD 0.37 compared to diluted loss per share from continuing operations of USD 0.57 a year ago.
For the nine months, sales was USD 394.71 million compared to USD 360.73 million a year ago. Net income was USD 6.69 million compared to net loss of USD 3.97 million a year ago. Basic earnings per share from continuing operations was USD 1.69 compared to basic loss per share from continuing operations of USD 1.01 a year ago. Diluted earnings per share from continuing operations was USD 1.67 compared to diluted loss per share from continuing operations of USD 1.01 a year ago.