secwatch.observer — SEC 8-K summary
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Issuer:     NAPCO SECURITY TECHNOLOGIES, INC (NSSC)
CIK:        0000069633
Form:       8-K
Filed at:   2024-02-05T23:59:59+00:00
Accession:  0001558370-24-000759
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/69633/000155837024000759/0001558370-24-000759-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/69633/000155837024000759/nssc-20240205x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-24-000759

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer