Tag: EBITDA

PITTSBURGH – Wesco International shoots for the stars this week after revealing an impressive performance following its financial postmortem for 2022 and fourth fiscal quarter results. At a glance the company displayed record net sales of $5.6 billion in the fourth quarter, up 15 percent year-over-year (YOY). There was operating profit of $382 million with an operating margin of 6.9 percent (Adjusted EBITDA of $451 million, up 41 percent YOY; adjusted EBITDA margin of 8.1...

HOUSTON & PROVO, Utah – NRG Energy Inc. has entered into an agreement to acquire Vivint Smart Home Inc. for $12 per share, or $2.8 billion in cash.   NRG says the acquisition positions them as the leading essential home services provider and accelerates their growth plan. “Last year at our Investor Day, we presented our strategic roadmap to becoming the leading provider of essential services for homes and businesses, informed by consumer trends and underpinned by disciplined...

AMITYVILLE, N.Y. – NAPCO Security Technologies has announced its Q1 fiscal 2023 results with a record $39.5 million in sales. This is in comparison to last year’s $31.1 million, making a 27 percent increase in net sales for the quarter. The company also saw a 35 percent increase for recurring service revenue (RSR) to $13.8 million as opposed to last years $10.2 million during the same period. NAPCO said that RSR now has a prospective annual run rate of roughly $58 million...

BOCA RATON, Fla.—Security giant ADT released its fiscal third quarter financial results this week, highlighting monthly revenue and partnerships. President and CEO Jim DeVries described ADT’s performance in the third fiscal quarter as strong with top line growth at 22 percent to $1.6 billion. It generated an adjusted net income of $83 million ($0.10 per share). DeVries also said the quarter resulted in an improved adjusted EBITDA that was up 12 percent year over year. In...

STOCKHOLM – This week lock maker and security giant Assa Abloy presented its Q3 financial results, with strong growth despite signs of a market slowdown. The conference call opened with remarks from Assa Abloy President, CEO & Head, Global Technologies Division Nico Delvaux. The company experienced an organic sales growth of 14 percent which Delvaux credited to Entrance Systems and the America’s contributions, as well as Global Technologies. Net sales have increased 33 percent with...

AMITYVILLE, N.Y. – Security device manufacturer and designer NAPCO Security Technologies has announced record-breaking fiscal results for the fourth quarter of 2022. The company boasted results of a 22 percent increase of sales to $43.2 million, a recurring service revenue increase of 36 percent to $7.5 million, and an adjusted EBITDA increase of 29 percent to $9.2 million. Net sales increased 26 percent to a record $143.6 million, with a record net income...

STOCKHOLM – In an investor update webcast today, Securitas discussed further details on its recent Stanley Security acquisition and new financial targets.  In opening the webcast, Securitas President and CEO Magnus Ahlqvist described it saying, “We’re looking at it like a mini-version of a capital markets day.” Noting that the last time they had a capital markets day was in 2019. “But we have not been sitting still. We have been driving extensive transformation,...

Today, Ken Kirschenbaum, an industry attorney, broached the topic of valuation in the alarm industry in his email to subscribers. In the monitoring space, a company's valuation is based “exclusively on a multiple of RMR,” Kirschenbaum explains. A reason for this is that, in a sale, an alarm company isn't selling its ongoing business so much as its subscriber accounts. While the RMR multiple can shed light on the value of a company on the verge of a sale, it doesn't tell everything. In...