Napco Security Technologies Shares Fall as Settlement Charge Pushes 1Q to Loss

Dow Jones
05/04
 

By Adriano Marchese

 

Napco Security Technologies shares fell Monday after the company posted a first-quarter loss tied to a large litigation settlement charge.

Shares traded 11% lower at $41.81.

The security-systems manufacturer on Monday reported a net loss of $400,000, or one cent a share, compared with a profit of $10.1 million, or 28 cents a share, a year earlier.

The company said the decline was largely due to a $16 million litigation settlement charge in the quarter.

Excluding the settlement charge and other one-offs, adjusted earnings came to 39 cents a share, topping expectations of 33 cents a share, according to FactSet.

Revenue rose to $49.2 million, just shy of the $49.3 million analysts expected.

 

Write to Adriano Marchese at adriano.marchese@wsj.com

 

(END) Dow Jones Newswires

May 04, 2026 10:58 ET (14:58 GMT)

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