MILWAUKEE, Oct. 24, 2013 (GLOBE NEWSWIRE) -- STRATTEC SECURITY CORPORATION (Nasdaq:STRT) today reported operating results for the fiscal first quarter ended September 29, 2013.
Net sales for the Company's first quarter ended September 29, 2013 were $79.6 million, compared to net sales of $70.8 million for the prior year quarter ended September 30, 2012. Net income for the current year quarter was $3,211,000, compared to net income of $2,670,000 in the prior year quarter. Diluted earnings per share for the current year quarter were $.91 compared to diluted earnings per share of $.78 in the prior year quarter.
Net sales to each of our customers or customer groups in the current year quarter and prior year quarter were as follows (in thousands):
|Three Months Ended|
|September 29, 2013||September 30, 2012|
|Chrysler Group LLC||$26,585||$22,381|
|General Motors Company||15,004||15,050|
|Ford Motor Company||11,434||9,595|
|Tier 1 Customers||15,786||13,178|
|Commercial and Other OEM Customers||8,637||7,771|
|Hyundai / Kia||2,149||2,832|