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Segment Information (Tables)
12 Months Ended
Jun. 29, 2025
Segment Reporting [Abstract]  
Schedule of Significant Expenses Disclosed in Consolidated Statements of Income

The significant expenses that are regularly provided to the CODM are disclosed in the consolidated statements of income as a part of Net income attributable to Strattec and were as follows (in thousands):

 

 

 

Years Ended

 

 

 

June 29, 2025

June 30, 2024

 

Net sales

 

$

565,066

 

 

$

537,766

 

Significant expenses:

 

 

 

 

 

 

Direct material costs

 

 

315,320

 

 

 

301,660

 

Labor and overhead costs

 

 

165,169

 

 

 

170,638

 

Selling costs

 

 

10,691

 

 

 

9,267

 

Administrative costs

 

 

23,888

 

 

 

15,487

 

Engineering costs

 

 

27,214

 

 

 

22,900

 

Interest income

 

 

(2,039

)

 

 

(572

)

Interest expense

 

 

1,007

 

 

 

900

 

Other income, net

 

 

(820

)

 

 

(2,717

)

Income tax expense

 

 

5,717

 

 

 

3,775

 

Net income

 

 

18,919

 

 

 

16,428

 

Net income attributable to non-controlling interest

 

 

234

 

 

 

115

 

Net income attributable to Strattec

 

$

18,685

 

 

$

16,313

 

Schedule of Net Sales and Net Tangible Long Lived Assets

Sales and net tangible long-lived assets (property, plant and equipment, net and right-of-use assets) are presented by country; sales are attributed based on the location to which products were shipped (in thousands):

 

 

Net Sales

 

 

Tangible Long-Lived Assets, Net

 

 

Years Ended

 

 

As of

 

 

June 29, 2025

 

 

June 30, 2024

 

 

June 29, 2025

 

 

June 30, 2024

 

United States

$

381,405

 

 

$

382,386

 

 

$

26,186

 

 

$

28,542

 

 

 

 

 

 

 

 

 

 

 

 

 

Mexico

$

52,845

 

 

$

42,979

 

 

$

53,633

 

 

$

60,726

 

Canada

 

59,717

 

 

 

57,061

 

 

 

20

 

 

 

9

 

Korea

 

56,855

 

 

 

44,735

 

 

 

9

 

 

 

155

 

Other

 

14,244

 

 

 

10,605

 

 

 

504

 

 

 

553

 

Total Foreign

$

183,661

 

 

$

155,380

 

 

$

54,166

 

 

$

61,443

 

Schedule of Sales by Product Group

Sales by product group were as follows (in thousands and percent of total net sales):

 

 

Years Ended

 

 

 

June 29, 2025

 

 

June 30, 2024

 

 

 

Net Sales

 

 

%

 

 

Net Sales

 

 

%

 

Power access solutions

 

$

138,402

 

 

 

24

%

 

$

126,680

 

 

 

24

%

Door handles & exterior trim

 

 

140,554

 

 

 

25

 

 

 

135,355

 

 

 

25

 

Keys & locksets

 

 

99,788

 

 

 

18

 

 

 

106,374

 

 

 

20

 

Latches

 

 

75,359

 

 

 

13

 

 

 

67,844

 

 

 

13

 

User interface controls

 

 

53,405

 

 

 

9

 

 

 

47,637

 

 

 

9

 

Aftermarket and service

 

 

46,703

 

 

 

8

 

 

 

42,732

 

 

 

8

 

Other

 

 

10,855

 

 

 

2

 

 

 

11,144

 

 

 

2

 

 

 

$

565,066

 

 

 

100

%

 

$

537,766

 

 

 

100

%

Schedule of Sales to Largest Customers

Sales to and receivables from customers that individually accounted for 10% or more of the Company's total net sales were as follows (in thousands and percent of total):

 

 

 

Years Ended

 

 

 

June 29, 2025

June 30, 2024

 

 

 

Net Sales

 

 

%

 

 

Net Sales

 

 

%

 

General Motors Company

 

$

165,701

 

 

 

29

%

 

$

163,097

 

 

 

30

%

Ford Motor Company

 

 

129,193

 

 

 

23

 

 

 

114,937

 

 

 

21

 

Stellantis

 

 

65,821

 

 

 

12

 

 

 

77,665

 

 

 

14

 

 

 

$

360,715

 

 

 

64

%

 

$

355,699

 

 

 

66

%

Schedule of Receivables from Largest Customers

 

 

June 29, 2025

 

 

June 30, 2024

 

 

 

Receivables

 

 

%

 

 

Receivables

 

 

%

 

General Motors Company

 

$

26,581

 

 

 

26

%

 

$

28,645

 

 

 

29

%

Ford Motor Company

 

 

19,916

 

 

 

20

 

 

 

24,832

 

 

 

25

 

Stellantis

 

 

14,812

 

 

 

15

 

 

 

12,213

 

 

 

12

 

 

 

$

61,309

 

 

 

60

%

 

$

65,690

 

 

 

66

%