STRATTEC SECURITY CORPORATION
STRATTEC SECURITY CORP designs and manufactures highly engineered automotive access and security products for vehicle makers and related channels. The company is headquartered in Milwaukee, Wisconsin and operates manufacturing facilities in the United States and Mexico, serving OEM and aftermarket customers globally.
Tilikausi 2026 · muutos edellisvuodesta
Kehitys 2021–2026
Liiketoiminta
Osuus liikevaihdostaLocks, keys, fobs, digital key and entry/start authorization systems.
Door handles, latches, power access and related access hardware.
Ignition lock housings and related steering column security parts.
Replacement and service-channel sales of access and security parts.
Asiakkaat
The company sells primarily to automotive and light truck OEMs, with additional sales to other transportation OEMs, service channels and the aftermarket. Its products are typically engineered into specific vehicle platforms, so customer demand depends on vehicle production volumes and platform content decisions.
Buy locks, keys, fobs, latches and access systems for vehicle platforms; core demand driver.
General Motors, Ford and Stellantis source model-specific products across multiple programs.
Purchase selected components or assemblies tied to OEM platform requirements.
Buy replacement and service parts such as keys, locks and fobs.
Buy customized access and security products outside the core light-vehicle base.
Strategia
The company is focused on business transformation, using upgraded systems, modernized support functions and manufacturing productivity to improve its operating model. It also aims to grow organically by adding content on current platforms, winning new platforms, expanding with existing customers and broadening its reach beyond core automotive accounts.
Better systems and manufacturing discipline should improve execution and cost structure.
More content per platform and new program wins deepen customer relationships and revenue visibility.
Expanding beyond core automotive programs can diversify demand over time.
Maantiede
STRATTEC is headquartered in Milwaukee, Wisconsin and manufactures substantially all of its products in the United States and Mexico. The company serves a global customer base, but its business is concentrated in North America, where it is tied to OEM production cycles and cross-border supply chains.
Riskit
The business is exposed to OEM production volatility, especially because a large share of sales is concentrated with a few major North American automakers. Cross-border trade, tariffs, foreign exchange and Mexico labor inflation can affect costs and supply chain efficiency, while cybersecurity and warranty exposure can create operational and financial disruption.
- Cross-border trade and tariffsVaikutus: KorkeaTodennäköisyys: Korkea
The company imports and exports parts across the U.S., Mexico and other markets.
Kohdistuu - Customer concentrationVaikutus: KorkeaTodennäköisyys: Kohtalainen
A significant portion of sales comes from a small number of major OEMs.
Kohdistuu - OEM production volatilityVaikutus: KorkeaTodennäköisyys: Kohtalainen
Products are tied to specific vehicle platforms and production volumes.
Kohdistuu: North American light vehicle programs
- Foreign exchange and labor inflationVaikutus: KeskitasoTodennäköisyys: Korkea
Mexican operations expose the company to peso moves and wage inflation.
Kohdistuu: Mexico operations
- Warranty and product quality claimsVaikutus: KeskitasoTodennäköisyys: Kohtalainen
Claims depend on platform content, volumes and customer negotiations.
Kohdistuu: Vehicle access and security products
- Cybersecurity and IT disruptionVaikutus: KeskitasoTodennäköisyys: Kohtalainen
Manufacturing, order processing and customer data depend on secure systems.
Kohdistuu
Kirjanpito
Harkinnanvaraiset erätVehicle program contracts may include price adjustments and estimated consideration.
Vaikutus: Can shift revenue timing and reported margins
Reserve estimates rely on historical claims, current trends and settlements.
Vaikutus: Can materially affect operating expense and liabilities
Cross-jurisdiction tax positions may be challenged by authorities.
Vaikutus: Can create uncertain future cash payments
Operating leases, including the El Paso warehouse, create fixed commitments.
Vaikutus: Affects lease liabilities and cash requirements
Discount rates and compensation growth assumptions drive actuarial liabilities.
Vaikutus: Can change pension and termination benefit expense
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Päivitetty: 24.9.2026