Overview
Security equipment maker's fiscal Q2 revenue rose 12.2% YoY, slightly missing analyst expectations
Diluted EPS for fiscal Q2 increased 35.7% YoY to $0.38
Company announced a 7% increase in quarterly dividend to $0.15 per share
Outlook
Company expects continued growth in net income, Adjusted EBITDA, and Free Cash Flow
NAPCO focuses on expanding RSR solutions across all platforms
Company sees MVP Access platform gaining traction in the marketplace
Result Drivers
RECURRING SERVICE REVENUE - RSR increased 12.5% YoY, representing 50% of total revenue with a 90.2% gross margin
EQUIPMENT SALES - Equipment revenue rose 12.0% YoY, driven by demand for door-locking products
GROSS MARGIN IMPROVEMENT - Gross profit margin improved to 58.6% from 57.0% in prior fiscal year quarter
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Revenue | Slight Miss* | $48.20 mln | $48.43 mln (5 Analysts) |
Q2 EPS | $0.38 | ||
Q2 Gross Margin | 58.60% |
*Applies to a deviation of less than 1%; not applicable for per-share numbers.
Press Release: ID:nPn88M4LQa
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)