---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-23-015316"
form_type: "8-K"
ticker: "NSSC"
cik: "0000069633"
company_name: "NAPCO SECURITY TECHNOLOGIES, INC"
filed_at: "2023-08-29T23:59:59+00:00"
generated_at: "2026-06-11T02:38:25.797850+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001558370-23-015316
- form_type: 8-K
- ticker: NSSC
- cik: 0000069633
- company_name: NAPCO SECURITY TECHNOLOGIES, INC
- filed_at: 2023-08-29T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/69633/000155837023015316/0001558370-23-015316-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/69633/000155837023015316/nssc-20230829x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-23-015316
- JSON: https://secwatch.observer/filing/0001558370-23-015316.json
- Plain text: https://secwatch.observer/filing/0001558370-23-015316.txt

## Key facts
- Earnings Releases
  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
  source text: On August 29, 2023, the registrant issued a press release to report results for the fiscal year ended June 30, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/69633/000155837023015316/0001558370-23-015316-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.