---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-24-006797"
form_type: "8-K"
ticker: "NSSC"
cik: "0000069633"
company_name: "NAPCO SECURITY TECHNOLOGIES, INC"
filed_at: "2024-05-06T23:59:59+00:00"
generated_at: "2026-06-02T22:35:20.318733+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Napco posts record Q3 revenue $49.3M, net income $13.2M; promotes Buchel to President & COO

## Summary
- Q3 net sales $49.3M (+13% YoY); net income $13.2M (+38% YoY); EPS $0.36 (+38%).
- Recurring service revenue $19.5M (+29%), gross margin 92%; annual run rate ~$81M.
- Adjusted EBITDA $15.6M (+37%), margin 32%; cash $87.5M, zero debt.
- Board declares $0.10/share dividend payable June 24, 2024.
- Kevin Buchel promoted to President & COO while remaining CFO; Michael Carrieri promoted to EVP Engineering & CTO; Andrew Vuono appointed SVP Finance & CAO.

## SEC filing metadata
- accession: 0001558370-24-006797
- form_type: 8-K
- ticker: NSSC
- cik: 0000069633
- company_name: NAPCO SECURITY TECHNOLOGIES, INC
- filed_at: 2024-05-06T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/69633/000155837024006797/0001558370-24-006797-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/69633/000155837024006797/nssc-20240502x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-24-006797
- JSON: https://secwatch.observer/filing/0001558370-24-006797.json
- Plain text: https://secwatch.observer/filing/0001558370-24-006797.txt

## Key facts
- Earnings Releases
  NAPCO SECURITY TECHNOLOGIES, INC reported the fiscal quarter ended March 31, 2024 results: revenue $49.3 million, net income $13.2 million, EPS $0.36.
  - Period: the fiscal quarter ended March 31, 2024
  - Revenue: $49.3 million
  - Net income: $13.2 million
  - EPS: $0.36
  - Result: reported results
  source text: of that section. --- EX-99.1 (EX-99.1) --- NAPCO Reports Record Revenues, Net Income and Adjusted EBITDA* for Q3 of Fiscal 2024 -Net Sales for the Quarter Increase 13% to $49.3 Million- -Net Income for the Quarter Increases 38% to $13.2 Million- -Adjusted EBITDA* for the Quarter Increases 37% to $15.6 Million- -3rd Quarter Recurring Service Revenues Increase
  evidence_url: https://www.sec.gov/Archives/edgar/data/69633/000155837024006797/0001558370-24-006797-index.htm
- Executive change
  Kevin Buchel changed role as President & Chief Operating Officer at NAPCO SECURITY TECHNOLOGIES, INC.
  - Action: promoted
  - Role: President & Chief Operating Officer
  source text: Effective May 2, 2024, Kevin Buchel has been promoted to President & Chief Operating Officer while maintaining his position as Chief Financial Officer.
  evidence_url: https://www.sec.gov/Archives/edgar/data/69633/000155837024006797/0001558370-24-006797-index.htm
- Executive change
  Michael Carrieri changed role as Executive Vice President of Engineering & Chief Technology Officer at NAPCO SECURITY TECHNOLOGIES, INC.
  - Action: promoted
  - Role: Executive Vice President of Engineering & Chief Technology Officer
  source text: Also, Effective May 2, 2024, Michael Carrieri has been promoted to Executive Vice President of Engineering & Chief Technology Officer.
  evidence_url: https://www.sec.gov/Archives/edgar/data/69633/000155837024006797/0001558370-24-006797-index.htm
- Executive change
  Andrew Vuono was appointed as Senior Vice President of Finance and Chief Accounting Officer at NAPCO SECURITY TECHNOLOGIES, INC.
  - Action: appointed
  - Role: Senior Vice President of Finance and Chief Accounting Officer
  source text: On May 2, 2024, Andrew Vuono was appointed as the Company’s Senior Vice President of Finance and Chief Accounting Officer.
  evidence_url: https://www.sec.gov/Archives/edgar/data/69633/000155837024006797/0001558370-24-006797-index.htm

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