Strattec Expects 15% to 16% Fiscal 2027 Gross Margin, Cash Flow on Track
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Strattec expects fiscal 2027 gross margin of 15% to 16% and is on track for about $40 million in operating cash flow, Senior Vice President and CFO Matthew Pauli said Oct. 30. Pauli made the comments on the company’s earnings call. He described about $10 million per quarter as a typical operating cash flow pace, while noting that working capital can cause quarterly results to vary. Strattec generated $10.8 million in operating cash flow for the quarter ended Sept. 27, compared with $11.3 million a year earlier. Net sales were $147.2 million, down $5.2 million year over year.
Source: TokenPost
