NAPCO Security Continues Its Record Earnings Run
NAPCO Security Systems continued its streak of record
quarterly earnings with another record-breaker for its third
quarter. NAPCO had a 46-percent increase in net income
compared to the same quarter a year ago with earnings of
Revenues for the three months ended on March 31 also leaptto another record, going up 9 percent to $17.1 million.
NAPCO has been running a streak of record quarters since2004. NAPCO shareholders are the beneficiaries, as NAPCOannounced a 3-for-2 stock split on May 10.
“Our record third quarter performance is especiallygratifying as it is the ninth consecutive quarter ofyear-over-year growth in sales and profits,” says NAPCOChairman and President Richard Soloway. “Our success is theresult of the improved and highly motivated distributionnetwork, the ever-expanding line of cutting-edge securityproducts and the continued focus on marketing ourcommercial, industrial and governmental products.”
For the first nine months of its 2006 fiscal year, NAPCO’searnings are up 57 percent.
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!
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.