Higher operating expenses flatten Strattec Security earnings

Strattec Security Corp. said Thursday its profit was unchanged in its fourth quarter as higher operating expenses offset a 5% gain in sales. The company said it finished its fiscal year June 30 with record sales of nearly $300 million, up 7%, and that its outlook is optimistic given forecasts of strong U.S. automotive sales. The company said its international joint ventures turned a profit in …

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