NAPCO Q3 net sales fall 10.8% to $44.0 million; diluted EPS drops to $0.28
NAPCO reported fiscal third-quarter 2025 results for the three months ended March 31, 2025, with net sales down 10.8% year over year and net income down 23.3%. Recurring service revenue rose while equipment sales fell, and the board declared a $0.14 per share dividend, up from $0.125. The company also named Andrew Vuono as Chief Financial Officer, effective May 6, 2025, replacing Kevin Buchel in that role.
Key points
- Net sales were $44.0 million, down 10.8%; equipment revenue fell 24.8% to $22.4 million while recurring service revenue rose 10.6% to $21.6 million
- Net income was $10.1 million, down 23.3%; diluted EPS was $0.28 versus $0.36 a year earlier
- Gross profit margin rose to 57.2% from 53.8%, and adjusted EBITDA was $13.2 million versus $15.6 million
- Andrew Vuono becomes CFO effective May 6, 2025; Kevin Buchel remains President and Chief Operating Officer; dividend of $0.14 payable July 3, 2025 to holders of record June 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 May 05, 2025.
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