Napco Security Technologies, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended March 31, 2024
May 06, 2024 at 07:17 am EDT
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Napco Security Technologies, Inc. reported earnings results for the third quarter and nine months ended March 31, 2024. For the third quarter, the company reported revenue was USD 49.27 million compared to USD 43.53 million a year ago. Net income was USD 13.2 million compared to USD 9.55 million a year ago. Basic earnings per share from continuing operations was USD 0.36 compared to USD 0.26 a year ago. Diluted earnings per share from continuing operations was USD 0.36 compared to USD 0.26 a year ago.
For the nine months, revenue was USD 138.49 million compared to USD 125.34 million a year ago. Net income was USD 36.28 million compared to USD 16.56 million a year ago. Basic earnings per share from continuing operations was USD 0.99 compared to USD 0.45 a year ago. Diluted earnings per share from continuing operations was USD 0.98 compared to USD 0.45 a year ago.
Napco Security Technologies, Inc. (NAPCO) manufactures and designs electronic security devices, cellular communication services and school safety solutions. The Company offers a diversified array of security products, encompassing access control systems, door-locking products, intrusion and fire alarm systems and video surveillance products. The products are used by commercial, residential, institutional, industrial and governmental applications, and are sold worldwide to independent distributors, dealers and installers of security equipment. NAPCO manufactures and markets various products for alarm systems, which include automatic communicators, control panels, combination control panels/digital communicators and digital keypad systems, fire alarm control panel and area detectors. It also manufactures a variety of door locking devices, including microprocessor-based electronic door locks with push button, card reader and bio-metric operation, door alarms, door locks and bolt locks.
NAPCO SECURITY TECHNOLOGIES, INC. 
