secwatch.observer — SEC 8-K summary
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Issuer:     NAPCO SECURITY TECHNOLOGIES, INC (NSSC)
CIK:        0000069633
Form:       8-K
Filed at:   2024-05-06T23:59:59+00:00
Accession:  0001558370-24-006797
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/69633/000155837024006797/0001558370-24-006797-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/69633/000155837024006797/nssc-20240502x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-24-006797

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