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Strattec Security Corporation (NASDAQ:STRT) Q2 2025 Earnings Call Transcript

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Q2 2025 Earnings Call Transcript February 7, 2025 Operator: Greetings, and welcome to the Strattec Security Corporation's Second Quarter Fiscal Year 2025 Financial Results. At this time, all participants are in listen-only mode.
The article provides a transcript of Strattec Security Corporation's (NASDAQ: STRT) Q2 2025 earnings call. During the call, CEO Frank Krejci and CFO Rich Messina discussed the company's financial performance for the second quarter ending October 1, 2023. Key points included a slight increase in net sales to $135.4 million from $134.3 million in the previous year, driven by higher sales in the Power Access and Interiors segments. However, gross profit decreased due to higher material and labor costs, and operating income was negatively impacted by these increased costs along with higher engineering expenses. The company also highlighted ongoing efforts to manage costs, improve operational efficiency, and navigate supply chain challenges. Additionally, they provided updates on strategic initiatives, including the development of new products and partnerships, and discussed the outlook for the remainder of the fiscal year, expressing cautious optimism about future growth despite current economic uncertainties.

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