NAPCO Q2 revenue rises 12.2% but slightly misses estimates

Reuters
Feb 02
NAPCO <a href="https://laohu8.com/S/QTWO">Q2</a> revenue rises 12.2% but slightly misses estimates

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

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)

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