NAPCO reports record Q4 and FY2023 results; quarterly dividend increased 28%

NAPCO SECURITY TECHNOLOGIES, INC

2023-FY EPS reported $0.73 revenue$169,997,000

Net sales for FY2023 up 18% to $170M; net income up 38% to $27.1M; diluted EPS $0.73 vs $0.53 last year.
Q4 recurring service revenue up 27% to $16.1M at 89% gross margin; annual run rate ~$67M based on July 2023.
Adjusted EBITDA for FY2023 up 52% to $34.3M; Q4 Adj. EBITDA up 41% to $13.0M (29% margin).
Quarterly dividend increased 28% to $0.08/share, payable Sept 22 to holders of record Sept 1.
Company will delay Form 10-K up to 15 days due to restatement of Q1-Q3; annual results unaffected.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

NAPCO SECURITY TECHNOLOGIES, INC reported financial results for fourth quarter and fiscal year ended June 30, 2023.

Period: fourth quarter and fiscal year ended June 30, 2023
Result: reported results

Exact text from the filing

On August 29, 2023, the registrant issued a press release to report results for the fiscal year ended June 30, 2023.

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Source: SEC EDGAR

accession 0001558370-23-015316

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