Welcome to the NAPCO Security Technologies Financial Update!

Quarterly Results

Net Sales for the Quarter Increase 13% to a Quarterly Record $50.3 Million. This is fantastic news for NAPCO Security Technologies, showing strong growth and demand for their high-tech electronic security equipment.

Net Income for the Quarter Increases 28% to a Quarterly Record $13.5 Million. This is a significant increase in profitability, indicating efficient operations and financial management.

Adjusted EBITDA for the Quarter Increases 18% to $15.4 Million. This metric reflects the company’s overall financial performance and shows that NAPCO Security Technologies is headed in the right direction.

4th Quarter Highlights

4th Quarter Recurring Service Revenues Increase 27% to $20.3 Million With a Gross Margin of 90%. This is a strong indicator of the company’s ability to generate consistent revenue and maintain healthy profit margins.

Annual Results

Net Sales for the Year Increase 11% to $188.8 Million. This steady growth throughout the year demonstrates the company’s ability to attract and retain customers.

Net Income for the Year Increases 84% to $49.8 Million. This is a remarkable increase in profitability and shows that NAPCO Security Technologies is on a path of sustainable growth.

Adjusted EBITDA for the Year Increases 72% to $58.9 Million. This increase in earnings before interest, taxes, depreciation, and amortization is a positive sign for the company’s financial health.

Dividend Declaration

The Board Declares Quarterly Dividend of $0.125 per share. This is good news for shareholders, as it indicates that the company is confident in its financial position and able to provide returns to investors.

Impact on You

As a consumer, this financial update may not have a direct impact on you. However, if you are a shareholder of NAPCO Security Technologies, you can expect to see positive returns on your investment.

Global Impact

The strong financial performance of NAPCO Security Technologies is a positive sign for the security industry as a whole. It indicates growing demand for electronic security equipment and services, which is essential for ensuring safety and security worldwide.

Conclusion

In conclusion, NAPCO Security Technologies has shown impressive growth and profitability in their recent financial update. With record-breaking sales and income, the company is well-positioned for continued success in the security industry. Shareholders can look forward to potential returns, while consumers can benefit from the company’s innovative products and services. Overall, NAPCO Security Technologies’ financial results bode well for both the company and the industry as a whole.