Strattec Security announced that for fiscal year 2026, revenue increased by 2.5% to $579.4 million, and adjusted EBITDA grew by 15% to $50.5 million. The company stated that restructuring, pricing actions, and operational improvements helped offset automotive production volatility, EV program cancellations, and foreign exchange headwinds. Strattec also authorized a new $40 million share repurchase program and is prioritizing repurchases, automation, and customer program investments over reinstating dividends.