secwatch.observer — SEC 8-K summary
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Issuer:     NAPCO SECURITY TECHNOLOGIES, INC (NSSC)
CIK:        0000069633
Form:       8-K
Filed at:   2023-08-29T23:59:59+00:00
Accession:  0001558370-23-015316
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/69633/000155837023015316/0001558370-23-015316-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/69633/000155837023015316/nssc-20230829x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-23-015316

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