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
$1.5 million.
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.
