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Strattec Security Q2 Earnings Call Highlights
Yahoo Finance· 2026-02-06 22:33
Pauli attributed the quarter’s gross margin improvement to multiple factors, including approximately $3.1 million from pricing actions. He also cited higher production volumes and improved leverage as Strattec built inventories by $7 million, which he said was intended to improve responsiveness to customers and reduce expedited logistics costs. In addition, the company recorded $1.7 million in restructuring savings during the quarter from cost optimization initiatives.Vice President and CFO Matthew Pauli sa ...