---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-24-000759"
form_type: "8-K"
ticker: "NSSC"
cik: "0000069633"
company_name: "NAPCO SECURITY TECHNOLOGIES, INC"
filed_at: "2024-02-05T23:59:59+00:00"
generated_at: "2026-06-06T09:29:46.894204+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# NAPCO reports record Q2 revenue $47.5M, net income $12.6M, EPS $0.34; dividend raised 25% to $0.10

## Summary
- Net sales Q2 record $47.5M (+12% YoY); six-month record $89.2M (+9%).
- Net income $12.6M (+221% YoY); diluted EPS $0.34 vs $0.11 last year.
- Adjusted EBITDA $15.1M (+191% YoY); margin 32%.
- Recurring service revenue $18.5M (+25% YoY) with 90% gross margin; annual run-rate $76.5M.
- Quarterly dividend increased 25% to $0.10/share, payable March 22 to holders of record March 1.

## SEC filing metadata
- accession: 0001558370-24-000759
- form_type: 8-K
- ticker: NSSC
- cik: 0000069633
- company_name: NAPCO SECURITY TECHNOLOGIES, INC
- filed_at: 2024-02-05T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/69633/000155837024000759/0001558370-24-000759-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/69633/000155837024000759/nssc-20240205x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-24-000759
- JSON: https://secwatch.observer/filing/0001558370-24-000759.json
- Plain text: https://secwatch.observer/filing/0001558370-24-000759.txt

## Key facts
- Earnings Releases
  NAPCO SECURITY TECHNOLOGIES, INC reported fiscal quarter ended December 31, 2023 results: revenue $47.5 million, net income $12.6 million, EPS $0.34.
  - Period: fiscal quarter ended December 31, 2023
  - Revenue: $47.5 million
  - Net income: $12.6 million
  - EPS: $0.34
  - Result: reported results
  source text: ● Net sales for the quarter increased 12% to $47.5 million ( the highest quarterly sales in the Company’s history ) as compared to $42.3 million for the same period last year. Net sales for the six months ended December 31, 2023 increased 9% to a six month record $89.2 million as compared to $81.8 million last year. ● Recurring service revenue ("RSR") for the quarter increased 25% to $18.5 million as compared to $14.9 million for the same period last year. Recurring service revenue for the six months ended December 31, 2023 increased 25% to $35.8 million as compared to $28.7 million last year. Recurring service revenue had a prospective annual run rate of approximately $76.5 million based on January 2024 recurring revenues. ● Gross margin for recurring service revenue remained robust at 90% for the quarter and six months as compared to 89% and 88%, respectively, for the same periods last year. ● Gross margin for equipment revenues was 29% for the second quarter compared to 4% in last
  evidence_url: https://www.sec.gov/Archives/edgar/data/69633/000155837024000759/0001558370-24-000759-index.htm

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