Tag: financials

AMITYVILLE, N.Y.—NAPCO Security Technologies, Inc. announced record fourth quarter and fiscal 2021 results ending June 30, 2021, highlighted by a fiscal year net income that increased 75 percent to a record $14.9 million as compared to $8.5 million a year ago. Some additional highlights include: 4th Quarter Sales Increase 54% to a Record $35.4 million 4th Quarter Recurring Service Revenues Increase 43% to $9.5 million with a gross margin of 87% Net Income for the year increases...

DUBLIN—Allegion plc, a global provider of security products and solutions, reported second-quarter 2021 net revenues of $746.9 million, a 26.7 percent increase when compared to the prior-year period (up 23.8 percent on an organic basis). Excluding charges related to restructuring and acquisition and integration, adjusted net earnings were $119.3 million, or $1.32 per share, up 43.5 percent when compared with second-quarter 2020 adjusted EPS of $0.92. “I’m encouraged by the...

BOCA RATON, Fla.—ADT reported results for the fourth quarter and full year 2020, highlighted by U.S. Recurring Monthly Revenue (RMR) additions up 15 percent, as well as continued growth for its net subscribers for both Q4 and full year. “ADT once again delivered strong financial and operating results during the fourth quarter. We maintained our record low revenue payback, while growing our RMR additions by double digits and increasing our net subscribers,” ADT’s President...

AUSTIN, Texas—With an eye toward developing new technology and possible M&A activity, logistics security firm FreightWatch International announced this month a $10 million capital raise led by Bridge Investments, with help from Egis Capital and the Kroll family. This is the first equity raise in the company's 12 years, said CEO Barry Conlon, and though it remains difficult to raise funds in this economy, "we see cargo theft really on the rise. We're seeing a demand and more and more requests...