Tag: Napco

AMITYVILLE, N.Y. – NAPCO Security Technologies announced its financial results for the fourth quarter and fiscal year ended June 30, 2023. Highlights for the quarter included the increase of net sales for the quarter 3% to $44.7 million, a Q4 record for the company as compared to $43.2 million for the same period last year. Net sales for the fiscal year increased 18% to a record $170 million as compared to $143.6 million last year. Recurring service revenue (RSR) for the quarter...

PITTSBURGH – Wesco International shoots for the stars this week after revealing an impressive performance following its financial postmortem for 2022 and fourth fiscal quarter results. At a glance the company displayed record net sales of $5.6 billion in the fourth quarter, up 15 percent year-over-year (YOY). There was operating profit of $382 million with an operating margin of 6.9 percent (Adjusted EBITDA of $451 million, up 41 percent YOY; adjusted EBITDA margin of 8.1...

AMITYVILLE, N.Y. – The momentum shown in NAPCO’s first quarter fiscal results gives no sign of slowing down as the company presented its Q2 2023 fiscal results to investors on Feb. 6. NAPCO continues to break records as its net sales for the quarter increased 27 percent to a Q2 record of $42.3 million as compared to $33.4 million for the same period last year. Their recurring service revenue (RSR) that the company attributed to much of their current success in the past...

In the waning weeks of 2022 I briefly touched on some of the big trends I saw being prevalent in 2023. You’ve got things like Zero Trust security strategies, AI-enhanced security algorithms, cloud-based everything, but I neglected an important one I think, and that’s recurring revenue. I know because its something that’s come up multiple times in the past two weeks. NAPCO has credited its recent growth to recurring revenue, and in interviewing CEO Don Joos this past week its...

AMITYVILLE, N.Y. – Security device manufacturer and designer NAPCO Security Technologies has announced record-breaking fiscal results for the fourth quarter of 2022. The company boasted results of a 22 percent increase of sales to $43.2 million, a recurring service revenue increase of 36 percent to $7.5 million, and an adjusted EBITDA increase of 29 percent to $9.2 million. Net sales increased 26 percent to a record $143.6 million, with a record net income...

DALLAS—The Electronic Security Association (ESA) has announced the winners of the 2022 Electronic Security Expo (ESX) Innovation Awards, distinguishing innovation and excellence in the industry, and identifying the next-gen products and services that will offer significant opportunities for growth for integrator companies. These products and services were selected by an independent panel of judges based on a specific set of criteria, including ingenuity, applicability, response to market...

AMITYVILLE, N.Y.—NAPCO Security Technologies, Inc., announced the recent appointment of Stephen Spinelli as NAPCO senior vice president of sales, for all its corporate divisions — NAPCO Security, Alarm Lock, Marks USA & Continental Access.Spinelli comes to NAPCO with a long, successful career as a sales driver and leader in security and access companies, Nortek Security & Controls and IEI, as well as with considerable experience in distribution.“We are pleased to welcome Stephen onboard,...

AMITYVILLE, N.Y.—NAPCO Security Technologies, Inc., manufacturers of high-tech electronic security devices as well as a provider of school safety solutions, announced financial results for its third fiscal quarter ended March 31, 2020.The company also announced the appointment of Stephen M. Spinelli as its senior vice president of sales while Jorge Hevia, a valuable long-time employee, will become a consultant to the company as its new chief of marketing to further develop sales in its robust...

AMITYVILLE, N.Y.—Napco Security Systems introduced a brand-new version of its Full Line Catalog of Professional Security Solutions, including the latest on its award-winning StarLink Cellular Communications of AT&T and Verizon LTE networks; Gemini & GEMC-Series Residential & Commercial Systems, Firewolf & FireLink Fire Alarms & Devices; iBridge & iSecure Connected Security Systems and new tech, video and access control add-ons.The all-new Napco Catalog is available as a downloadable, online...

AMITYVILLE, N.Y.—The Continental Access Division of Napco announced its new CA4K Access Manager App is now available on iTunes and Google Play for use with any smart device. This new app adds another level of convenient, intuitive mobile control to Continental Access' flagship CA4K Enterprise Integrated Access Control Software, v1.1 or higher. Acting as a virtual enterprise workstation in every security manager's pocket, it provides easy, effective management of threat levels, lockdown, status...