NAPCO Security Technologies, Inc. Reports Fiscal Q1 2027 Results
Key Highlights
- ➤Q1 revenue reached a record $50.0 million, increasing 1.7% year-over-year
- ➤Recurring service revenue rose 11.5% to a record $26.1 million
- ➤Net income increased 6.9% to a record $13.0 million
- ➤Adjusted EBITDA rose 3.8% to a record $15.5 million
- ➤Equipment revenue declined 7.3% to $23.9 million
Expert Statements
Kevin Buchel, CEO and President of NAPCO Security Technologies, Inc.
“Our Fiscal Q1 performance reflects continued positive financial results. We achieved record Q1 revenue of $50.0 million and record Q1 Adjusted EBITDA of $15.5 million, which was bolstered by our recurring service revenue.”
Kevin Buchel, CEO and President of NAPCO Security Technologies, Inc.
“Our RSR continues to deliver gross margins of over 90% and has a prospective run rate of approximately $106 million, a $3 million increase from the run rate we reported in July 2026.”
Kevin Buchel, CEO and President of NAPCO Security Technologies, Inc.
“While equipment revenue declined year-over-year, the decrease was driven by two locking distributors reducing their purchases during the quarter.”
Kevin Buchel, CEO and President of NAPCO Security Technologies, Inc.
“Importantly, sell-through at both distributors grew year-over-year and strengthened meaningfully on a sequential basis.”
Kevin Buchel, CEO and President of NAPCO Security Technologies, Inc.
“We view sell-through as the truest indicator of end-market demand, and these trends reinforce our confidence in the underlying health of the business.”
Kevin Buchel, CEO and President of NAPCO Security Technologies, Inc.
“We are pleased to continue our dividend program of which the quarterly dividend will be $0.17 per share, which will be paid on January 4, 2027, to shareholders of record on December 14, 2026.”
NAPCO Security Technologies, Inc. Reports Fiscal Q1 2027 Results PR Newswire
AMITYVILLE, N.Y., Nov. 2, 2026 /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 first quarter of fiscal year 2027. Results are reported in accordance with U.S. generally accepted accounting principles ("GAAP") and are also reported adjusting for certain items ("Non-GAAP"). A reconciliation between GAAP and Non-GAAP operating results is provided at the end of this press release.
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