STRATTEC Security Corporation reported unaudited consolidated earnings results for the third quarter and nine months ended March 31, 2013. For the quarter, the company reported net sales of $74.7 million, compared to net sales of $70.6 million for the third quarter ended April 1, 2012. The higher net sales for the current quarter can be primarily attributed to increased customer production volumes. Higher content on certain vehicles also contributed to the net sales improvement during the current quarter. Net income attributable to company was $1.1 million, compared to $2.7 million in the prior year quarter. Diluted earnings per share for the current quarterly period were $0.32 compared to diluted earnings per share of $0.82 in the prior year quarter. The lower net income for the current year quarter was significantly affected by a pre-tax pension settlement charge of $2.1 million or $0.42 diluted earnings per share relating to Supplemental Executive Retirement Plan. Income from operations was $3.1 million compared to $4.3 million reported a year ago. Net cash provided by operating activities was $2 million compared to $4.6 million reported a year ago. Additions to property, plant and equipment was $2.6 million compared to $3.3 million reported a year ago. For the nine months, the company's net sales were $217.7 million compared to net sales of $202.9 million in the prior year nine month period. Net income attributable to company was $6.2 million compared to Net income attributable to company of $5.6 million in the prior year nine month period. Diluted earnings per share were $1.80 compared to diluted earnings per share of $1.67 during the nine month period ended April 1, 2012. Income from operations was $11.5 million compared to $10.9 million reported a year ago. Net cash provided by operating activities was $7.9 million compared to $9.9 million reported a year ago. Additions to property, plant and equipment was $7.8 million compared to $9.6 million reported a year ago.

STRATTEC Security Corporation announced that it has created a partnership with Actuator Systems, LLC to design and manufacture next generation biometric security products. The newly formed joint venture known as 'NextLock' will combine the scale of STRATTEC's North American engineering, manufacturing, and locksmith customers with Actuator's advanced digital security technologies and non-automotive sales channels. 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 products to global customers under the 'VAST' brand name.

STRATTEC SECURITY CORPORATION reported unaudited earnings results for the second quarter and six months ended December 30, 2012. For the quarter, the company reported net sales of $72,243,000 against $65,886,000 for the same period last year. Income from operations was $3,826,000 against $3,261,000 for the same period last year. Net income attributable to the company was $2,394,000 or $0.70 per diluted share against $1,548,000 or $0.47 per diluted share for the same period last year. Net cash provided by operating activities was $4,273,000 against $5,418,000 for the same period last year. Additions to property, plant and equipment were $2,477,000 against $2,797,000 for the same period last year. For the six months, the company reported net sales of $143,050,000 against $132,263,000 for the same period last year. Income from operations was $8,419,000 against $6,557,000 for the same period last year. Net income attributable to the company was $5,064,000 or $1.48 per diluted share against $2,830,000 or $0.85 per diluted share for the same period last year. Net cash provided by operating activities was $5,976,000 against $5,210,000 for the same period last year. Additions to property, plant and equipment were $5,188,000 against $6,289,000 for the same period last year.