NAPCO Security rises on Q3 sales beat, starts paying dividend

NAPCO Security Technologies

08/05/2023 14:19

** Shares of security device manufacturer and school safety
solutions provider NAPCO Security Technologies Inc  NSSC.O  jump
16.73% to $31.96 premarket 
    ** Q3 net sales $43.5 mln vs. est. of $42.1 mln - Refinitiv
    ** Q3 net income $10.8 mln vs. $3.3 mln yr earlier
    ** Q3 adj EBITDA $12.7 mln vs. $5.7 mln yr earlier 
    ** Starts paying qtrly div with $0.0625 per share
    ** Says school security continues to be a major concern to
many in the country and co remains focused on further tapping
market
    ** NSSC marginally down YTD

 (Reporting by Vaibhav  Sadhamta)
 ((Vaibhav.Sadhamta@thomsonreuters.com;))