NAPCO Security's Q1 revenue beats expectations

NAPCO Security Technologies

03/11/2025 12:08

Overview

NAPCO fiscal Q1 revenue grows 11.7% yr/yr, beating analyst expectations

Adjusted EBITDA for fiscal Q1 rises 21.1% yr/yr, reflecting strong operational performance

Company declares quarterly dividend of $0.14 per share, payable January 2, 2026

Outlook

Company remains confident in continued growth of net income and adjusted EBITDA in fiscal 2026

Company focuses on expanding RSR solutions across all platforms

Company to pay quarterly dividend of $0.14 per share on January 2, 2026

Result Drivers

EQUIPMENT REVENUE - Growth driven by strong demand for door-locking products, improving equipment gross margins

RECURRING SERVICE REVENUE - RSR increased 11.1% YoY with a 90% gross margin, representing 48% of total revenue

RSR EXPANSION - Focus on expanding RSR solutions, including MVP Access platform gaining traction

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
$49.20 mln
$46.87 mln (5 Analysts)
Q1 EPS
$0.34
Q1 Gross Margin
56.60%


Press Release: ID:nPn7yvhlwa

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)