Strattec Security Corporation Business Report FY ended Jun. 2013

Business Highlights

Financial Overview

(in millions USD)
  FY ended Jun. 30, 2013 FY ended Jul.
1, 2012
Rate of Change (%) Factors
Sales 298.2 279.2 6.8 -
Operating income 16.8 16.3 3.1 -
Net income 9.4 8.8 6.8 -

Major Contracts

<Model year 2014>
Cars and car based utility vehicles
Acura TL Chevrolet Corvette Ford Mustang
Aston Martin DB9 Chevrolet Cruze Ford Taurus
Aston Martin Rapide Chevrolet Equinox GMC Acadia
Aston Martin Vanquish Chevrolet Impala GMC Terrain
Aston Martin V8 Vantage Chevrolet Malibu Holden Commodore
Aston Martin V12 Vantage Chevrolet Orlando Jeep Cherokee
Aston Martin Zagato Chevrolet Sonic Jeep Compass
Buick Alpheon Chevrolet SS Jeep Patriot
Buick Anthem Chevrolet Traverse Lancia Flavia
Buick Enclave Chrysler Volt Lancia Thema
Buick Encore Chrysler 200 Lincoln MKS
Buick Excelle Chrysler 300 Lincoln MKT
Buick Gentra GM Korea Gentra Lincoln MKX
Buick GL8 Dodge Avenger Lincoln MKZ
Buick LaCrosse Dodge Challenger Opel Ampera
Buick Regal Dodge Charger Opel Antara
Buick Verano Dodge Dart Opel Astra
Cadillac ATS Dodge Journey Opel Astra Van
Cadillac CTS Fiat Freemont Opel Insignia
Cadillac ELR Ford Edge Opel Meriva
Cadillac SRX Ford Fiesta Opel Zafira
Cadillac XTS Ford Flex SRT Viper
Chevrolet Camaro Ford Forcus
Chevrolet Captiva Ford Fusion


Light Truck, vans and sport utility vehicles
Acura MDX Dodge Durango GMC Yukon and Yukon XL
Cadillac Escalade Dodge Grand Caravan Honda Pilot
Cadillac Escalade ESV Ford C-MAX Jeep Cherokee
Cadillac Escalade EXT Ford Escape Jeep Grand Cherokee
Chevrolet Avalanche Ford Expedition Jeep Wrangler/Wrangle Unlimited
Chevrolet Colorado Ford Explorer Kia Sedona
Chevrolet Express Van Ford F-Series Pickup Lancia Grand Voyager
Chevrolet Silverado Pickup Ford F-Series Super Duty Pickup Lincoln C-CUV
Chevrolet Suburban Ford Kuga Lincoln Mark LT
Chevrolet Tahoe Ford Transit Lincoln Navigator
Chevrolet Trail Blazer GMC Canyon Nissan Titan
Chevrolet Trax GMC Savana Ram 1500/2500/3500 Pickup
Chrysler Town & Country GMC Sierra Pickup

Joint Venture

-In 2013, the Company formed a joint venture called "NextLock LLC" (NextLock) with Actuator Systems LLC, holding 51% interests in a joint venture. NextLock assembles and sells biometric security products. Products for both residential and commercial application should be available in early 2014. NextLock plans to expand its applications to automotive market in the future.


-In 2013, the Company was awarded a "Supplier of the Year award" in the Electrical Products category from Chrysler.


R&D Expenditure

(in millions USD)
  FY ended Jun. 30, 2013 FY ended Jul. 1,
FY ended Jul. 3,
Total 1.3 1.2 1.5


R&D Structure

-Research and development activities are centered around research engineering staff called "Advanced Development Group". Projects focus on electronic and mechanical access control products, modularization of related access/security control components.

Investment Activities

Capital Expenditure

(in millions USD)
  FY ended Jun. 30, 2013 FY ended Jul. 1,
FY ended Jul. 3,
Total 12.5 13.6 9.5

-In FY ended June 30, 2013, the Company invested in new product programs, the upgrade and replacement of existing equipment and expansion of its Juarez, Mexico facility.

-The Company anticipates capital expenditures will be approximately 9-10 million dollars in FY ending June 30, 2014.