NAPCO Reports Record Fiscal 2024 Net Income of $49.8 Million, Up 84%
NAPCO Security Technologies reported record fourth-quarter and fiscal 2024 results for the year ended June 30, 2024, with net sales, net income and Adjusted EBITDA all rising from the prior year. The company also declared a quarterly dividend of $0.125 per share, a 25% sequential increase, payable October 3, 2024 to holders of record on September 12, 2024.
- Fourth-quarter net sales rose 13% to $50.3 million; full-year net sales rose 11% to $188.8 million
- Full-year net income rose 84% to $49.8 million, or $1.34 per diluted share, versus $0.73 a year earlier
- Quarterly dividend raised to $0.125 per share, payable October 3, 2024 to holders of record on September 12, 2024