Strattec Security Corporation reported earnings results for the fourth quarter and full year ended July 02, 2023. For the fourth quarter, the company reported sales was USD 132.22 million compared to USD 123.07 million a year ago. Net loss was USD 2.7 million compared to net income of USD 0.384 million a year ago. Basic loss per share from continuing operations was USD 0.69 compared to basic earnings per share from continuing operations of USD 0.1 a year ago. Diluted loss per share from continuing operations was USD 0.69 compared to diluted earnings per share from continuing operations of USD 0.1 a year ago.
For the full year, sales was USD 492.95 million compared to USD 452.27 million a year ago. Net loss was USD 6.67 million compared to net income of USD 7.02 million a year ago. Basic loss per share from continuing operations was USD 1.7 compared to basic earnings per share from continuing operations of USD 1.82 a year ago. Diluted loss per share from continuing operations was USD 1.7 compared to diluted earnings per share from continuing operations of USD 1.79 a year ago.