NAPCO Q2 net sales fall 9.7% to $43.0 million; diluted EPS $0.28 vs $0.34
NAPCO Security Technologies reported fiscal second-quarter results for the three months ended December 31, 2024, with net sales of $43.0 million, down 9.7% from a year earlier. Net income fell 17.0% to $10.5 million and diluted EPS was $0.28 versus $0.34, while recurring service revenue rose 14.4% to $21.2 million. Management attributed the drop in equipment sales to reduced purchases by two large distributors and to project timing, and the board declared a $0.125 per share dividend.
Key points
- Net sales $43.0 million, down 9.7%; equipment revenues $21.7 million vs $29.0 million a year earlier
- Net income $10.5 million, down 17.0%; diluted EPS $0.28 vs $0.34
- Gross profit margin 57.0% vs 52.6%; recurring service revenue up 14.4% to $21.2 million
- Quarterly dividend of $0.125 per share, payable April 3, 2025, to holders of record on March 12, 2025
The filing
Written by AI on Nov 8, 2026, 6:59 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on February 03, 2025.
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