Tag: First Quarter (Q1)
Johnson Controls Q1 report reflects tough quarter
January 31, 2024Ken Showers, Managing Editor
CORK, Ireland—Johnson Controls International (JCI) cited a ransomware attack and economic slowdowns in China contributing to tough first quarter 2024 results.
From released documents Johnson Controls (JCI) revealed GAAP earnings per share (“EPS”) from continuing operations of $0.55. Excluding special items, adjusted EPS from continuing operations was $0.51. Sales in the quarter of $6.1 billion were flat compared to the prior year on an as reported basis and declined...
NAPCO reports record-breaking revenues in Q1 2024
November 6, 2023SSN Staff
AMITYVILLE, N.Y. – NAPCO Security Technologies has announced record-breaking financial results for its first quarter of fiscal year 2024.
Net sales for the quarter increased 6% to $41.7 million (the highest Q1 sales in the Company's history) as compared to $39.5 million for the same period last year. The trend follows from the previous quarter where the company broke its Q4 record with net sales of $44.7 million. Recurring service revenues (RSR) for the quarter increased 25% to...
Resideo Q1 results up 3% year-over-year, softness in residential market
May 4, 2023Ken Showers, Managing Editor
SCOTTSDALE, Ariz. – Commercial and residential distributor of security and audio-visual products Resideo presented a positive first quarter earnings call with modest gains.
Quarter highlights include a net revenue of $1.62 billion, up 8 percent from $1.5 billion in the third quarter 2021. Other financial indicators were also positive although the failed to reach the same heights as previous quarters with a gross profit margin of 26.6 percent, compared to 28.1 percent in the prior year comparable...
Allegion Q1 results, “Robust Demand” for NA non-residential business
April 26, 2023Ken Showers, Managing Editor
DUBLIN – It’s been a strong start to 2023 for Allegion plc as the company released its first quarter financial results during this week’s scheduled earnings call.
The company posted an organic revenue growth of 15 percent, with electronics growth for the quarter exceeding 30 percent in the Americas. Allegion's cash generation improved significantly over last year and has raised outlooks on revenue, EPS and cashflow as a result. In the call Allegion President and...
Earnestly Speaking
April 26, 2023Ken Showers, Managing Editor
The day of this blog marks the start of several weeks’ worth of Q1 quarterly earnings calls, and it’s my greatest hope that someone will have something exciting to say.
Make no mistake, from what I’ve seen of the industry these past few months it sounds like business is booming and a lot of companies are going to post some impressive first quarter numbers, but that’s boring. “Everybody made money” is a good story, but its not a very interesting story.
So...
NAPCO Security Technologies presenting at 25th annual Needham Growth Conference
January 6, 2023SSN Staff
AMITYVILLE, N.Y. – NAPCO Security Technologies has announced that company management will be presenting and hosting one-on-one meetings and Zoom calls with investors as part of the 25th Annual Needham Growth Conference in New York on Jan. 11.
Management will hold their presentation at 10:15 a.m. ET on Wednesday, Jan. 11 and host their in-person meetings that day. The virtual meetings will take place the following day on Jan. 12. “The topics to be highlighted during...
NAPCO announces Q1 record sales for fiscal 2023
November 8, 2022SSN Staff
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...
Allegion acquiring workforce management solution via plano group
November 7, 2022SSN Staff
DUBLIN – Global security product and solutions provider Allegion has signed a “definitive” agreement through one of its subsidiaries to acquire the assets of the plano Group and its SaaS workforce management solution.
The deal is expected to close sometime during the first fiscal quarter of 2023. Following that, plano will continue to serve advanced workforce management (AWFM) for customers within the Interflex portfolio. General Manager of Interflex, Bernhard Sommer, said that...
NAPCO Security Technologies to announce Q1 2023 results
November 2, 2022SSN Staff
AMITYVILLE, N.Y. – NAPCO Security Technologies announced today the release date of their fiscal first quarter 2023 results call and webcast.
NAPCO’s first fiscal quarter came to an end on September 30 and will hold its conference call for its first quarter financial results on November 7, 2022 at 11:00 a.m. ET. Parties interested in participating in the conference call may do so by dialing in to 1-877-407-4018, or for international callers 1-201-689-8471. The call will be available...
ADT releases Q1 results—and stock price drops
January 30, 2014Tess Nacelewicz
BOCA RATON, Fla.—The ADT Corp. reported Jan. 30 that ADT Pulse take rates and recurring revenue were up in its latest quarter. But customer growth was below expectations in Q1 and net income decreased 27 percent in that period—and ADT's share price tumbled.
Still, company CEO Naren Gursahaney said ADT is taking steps to ensure future growth—such as making improvements to its dealer program and lead generation process; the introduction of a new mobile security app, ADT Canopy;...