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Mar 31, 2020
Napco Q3 2020 Earnings Report
NAPCO's third fiscal quarter 2020 results were announced, featuring sales increase and record revenue.
Key Takeaways
NAPCO Security Technologies reported a 4% increase in sales, reaching a record $26.2 million for the third fiscal quarter of 2020. Net income increased by 16% to a record $3.6 million, with earnings per share rising by 18% to $0.20. Recurring service revenues grew by 37% to $6.2 million.
Sales increased 4% to a third fiscal quarter record of $26.2 million.
Net income increased 16% to a third quarter record of $3.6 million.
Earnings per share increased 18% to $0.20.
Recurring service revenues grew 37% to $6.2 million.
Revenue by Segment
Forward Guidance
NAPCO is carefully monitoring and fine-tuning the best ways to service customers during the COVID-19 pandemic. The company believes it is well-positioned in the non-discretionary, commercial, high gross margin sector of the security industry to weather the storm, with continued strong levels of recurring service growth and expansion of profitability expected to continue into the future.
Positive Outlook
- Well-positioned in the non-discretionary, commercial, high gross margin sector of the security industry.
- Continued strong levels of recurring service growth.
- Expansion of profitability expected to continue into the future.
- Focused commitment to identifying new, large growth opportunities.
- Adding incremental recurring service revenue sales and income.
Challenges Ahead
- Shelter in place directives are continually changing.
- Market challenges that can neither be fully anticipated nor quantified due to COVID-19.
- Potential impact of COVID-19 on the business.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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