Napco Security Technologies, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended December 31, 2024
February 03, 2025 at 07:00 am EST
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Napco Security Technologies, Inc. reported earnings results for the second quarter and six months ended December 31, 2024. For the second quarter, the company reported revenue was USD 42.93 million compared to USD 47.55 million a year ago. Revenue was USD 42.93 million compared to USD 47.55 million a year ago. Net income was USD 10.47 million compared to USD 12.61 million a year ago. Net income was USD 10.47 million compared to USD 12.61 million a year ago. Basic earnings per share from continuing operations was USD 0.29 compared to USD 0.34 a year ago. Basic earnings per share from continuing operations was USD 0.29 compared to USD 0.34 a year ago. Diluted earnings per share from continuing operations was USD 0.28 compared to USD 0.34 a year ago. Diluted earnings per share from continuing operations was USD 0.28 compared to USD 0.34 a year ago.
For the six months, revenue was USD 86.94 million compared to USD 89.22 million a year ago. Revenue was USD 86.94 million compared to USD 89.22 million a year ago. Net income was USD 21.65 million compared to USD 23.09 million a year ago. Net income was USD 21.65 million compared to USD 23.09 million a year ago. Basic earnings per share from continuing operations was USD 0.59 compared to USD 0.63 a year ago. Basic earnings per share from continuing operations was USD 0.59 compared to USD 0.63 a year ago. Diluted earnings per share from continuing operations was USD 0.59 compared to USD 0.62 a year ago. Diluted earnings per share from continuing operations was USD 0.59 compared to USD 0.62 a year ago.
Napco Security Technologies, Inc. is a manufacturer and designer of high-tech electronic security devices, cellular communication services for intrusion and fire alarm systems, as well as a provider of school safety solutions. It offers a diversified array of security products, encompassing access control systems, door-locking products, intrusion and fire alarm systems and video surveillance products. These products are used for commercial, residential, institutional, industrial and governmental applications, and are sold to independent distributors, dealers and installers of security equipment. It manufactures and markets various products for alarm systems, including automatic communicators, cellular communication devices, control panels, combination control panels/digital communicators and digital keypad systems, fire alarm control panel and area detectors. Its video surveillance systems typically consist of one or more video cameras, a control panel and a video monitor or PC.