Supply chain disruptions tempered the pace of recovery
STRATTEC SECURITY (NASDAQ: STRT) was featured in a company-sponsored research earnings preview note published by Sidoti & Company, LLC. The report reads, “For 3Q:F21, we look for a sequential drop in revenue and earnings as we allow that supply chain disruptions tempered the pace of recovery in the automotive market….STRATTEC has been repaying debt. At the current pace, we think the company will reinstate the suspended dividend (was $0.56 per share annually) by early F2023 at the latest.”
To access the full report, visit https://ibn.fm/1irlM
STRT will be presenting at the Sidoti August Virtual Microcap Conference on Thursday, August 19 at 11:30am EDT. As the official media partner, InvestorBrandNetwork will provide additional visibility of the upcoming presentation with its syndication platform. To register for the conference, visit https://ibn.fm/SidotiAugust2021Registration.
About STRATTEC SECURITY CORP.
STRATTEC designs, develops, manufactures and markets automotive Access Control Products, including mechanical locks and keys, electronically enhanced locks and keys, steering column and instrument panel ignition lock housings, latches, power sliding side door systems, power lift gate systems, power deck lid systems, door handles and related products. These products are provided to customers in North America, and on a global basis through a unique strategic relationship with WITTE Automotive of Velbert, Germany and ADAC Automotive of Grand Rapids, Michigan. Under this relationship, STRATTEC, WITTE and ADAC market each company’s products to global customers under the “VAST Automotive Group” brand name. STRATTEC’s history in the automotive business spans over 110 years. Please visit www.strattec.com.
About Sidoti & Company, LLC
For over two decades, Sidoti has been a premier provider of independent securities research focused specifically on small and microcap companies and the institutions that invest in their securities, with most of its coverage in the $100 million-$5 billion market cap range. The firm’s approach affords companies and institutional clients a combination of high-quality research, a small- and microcap-focused nationwide sales effort, broad access to corporate management teams, and extensive trading support. Sidoti serves 500+ institutional clients in North America, including many leading managers of portfolios with $200 million to $2 billion of AUM. Sidoti promotes meaningful interaction between issuers and investors through its conferences (www.sidoti.com/events) and the hundreds of non-deal roadshows hosted each year.
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