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NAPCO Security Technologies, Inc. Reports Fiscal 2025 Third Quarter Results
Fiscal 2025 Q3 Highlights Net sales of $44.0 million decreased 10.8% YoYRecurring service revenue ("RSR") increased 10.6% to $21.6 million, while equipment
About this update from Napco Security Technologies, Inc.
[{"type":"text","content":"Fiscal 2025 Q3 Highlights\nNet sales of $44.0 million decreased 10.8% YoYRecurring service revenue (\"RSR\") increased 10.6% to $21.6 million, while equipment sales decreased 24.8% to $22.4 millionRSR had a prospective annual run rate of approximately $89 million based on April 2025 recurring service revenues.Gross profit margin of 57.2% vs 53.8% in prior fiscal year quarterDiluted EPS of $0.28 vs $0.36 in prior fiscal year quarterThe Board declared a quarterly dividend of $0.14 per share, payable on July 3, 2025 to shareholders of record on June 12, 2025, which represents a sequential increase over the most recent dividend paid of $.125 per share.AMITYVILLE, N.Y., May 5, 2025 /PRNewswire/ -- NAPCO Security Technologies, Inc. (NASDAQ: NSSC), one of the leading manufacturers and designers of high-tech electronic security equipment, wireless communication devices for intrusion and fire alarm systems and the related recurring service revenues as well as a provider of school safety solutions, today announced financial results for its third quarter of fiscal 2025.\n\nThree months ended March 31, \nNine months ended March 31, \n(dollars in thousands)\n(dollars in thousands)\n% Increase/\n% Increase/\nFinancial Highlights (1)\n2025\n2024\n(decrease)\n2025\n2024\n (decrease)\nNet Sales\n$\n43,961\n$\n49,267\n(10.8)\n%\n$\n130,897\n$\n138,490\n(5.5)\n%\nGross Profit\n$\n25,127\n$\n26,484\n(5.1)\n%\n$\n74,232\n$\n73,909\n0.4\n%\nGross Profit Margin\n57.2\n%\n53.8\n%\n56.7\n%\n53.4\n%\nNet Income\n$\n10,122\n$\n13,196\n(23.3)\n%\n$\n31,774\n$\n36,284\n(12.4)\n%\nNet Income as a % of Sales\n23.0\n%\n26.8\n%\n24.3\n%\n26.2\n%\nDiluted EPS\n$\n0.28\n$\n0.36\n(22.2)\n%\n$\n0.86\n$\n0.98\n(12.2)\n%\nAdjusted EBITDA(2)\n$\n13,159\n$\n15,566\n(15.5)\n%\n$\n37,877\n$\n43,519\n(13.0)\n%\nAdjusted EBITDA(2) as a % of Sales\n29.9\n%\n31.6\n%\n28.9\n%\n31.4\n%\nAdjusted EBITDA(2) Per Share\n$\n0.36\n$\n0.42\n(14.3)\n%\n$\n1.03\n$\n1.18\n% \n(12.7)\n%\nCash Flows from Operating Activities\n$\n38,903\n$\n31,032\n25.4\n%\n1. In millions except percentages and per share data or as otherwise noted.\n2. Represents a non-GAAP financial measure. An explanation and a reconciliation of each non-GAAP financial measure to the most directly comparable GAAP financial measure are presented in the schedules accompanying this press release.\nRichard Soloway, Chairman ...