NAPCO Reports Net Sales of $16.1 Million During Recent Quarter
AMITYVILLE, N.Y.
NAPCO Security Systems Inc., electronic security equipment supplier, has announced financial results for its second quarter ended Dec. 31.
Net sales for the three months ended Dec. 31 was $16.1 million as compared to $17.2 million for the same quarter a year earlier, a decrease of 6 percent. Net income for the quarter was $1.1 million, or 6 cents per diluted share, compared to net income of $1.5 million, or 7 cents per diluted share, for the same year ago period, a decrease of $400,000.
Net sales for the six months ended Dec. 31 was $30.1 million as compared to $31.4 million for the prior year period, a decrease of 4 percent. Net income for the six months ended Dec. 31 was $2.1 million or 10 cents per diluted share, as compared to $2.3 million or 11 cents per diluted share in the prior year period, a decrease of $200,000. Net sales and net income for the three and six months declined due to lower sales in the company’s European markets.
If you enjoyed this article and want to receive more valuable industry content like this, click here to sign up for our FREE digital newsletters!
Related Content
Security Is Our Business, Too
For professionals who recommend, buy and install all types of electronic security equipment, a free subscription to Commercial Integrator + Security Sales & Integration is like having a consultant on call. You’ll find an ideal balance of technology and business coverage, with installation tips and techniques for products and updates on how to add to your bottom line.
A FREE subscription to the top resource for security and integration industry will prove to be invaluable.
