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Tag: Earnings Call


NAPCO holds Q4 2023 earnings call

Commercial

NAPCO holds Q4 2023 earnings call

August 29, 2023Ken Showers, Managing Editor

AMITYVILLE, N.Y. – NAPCO Security Technologies announced its financial results for the fourth quarter and fiscal year ended June 30, 2023. Highlights for the quarter included the increase of net sales for the quarter 3% to $44.7 million, a Q4 record for the company as compared to $43.2 million for the same period last year. Net sales for the fiscal year increased 18% to a record $170 million as compared to $143.6 million last year. Recurring service revenue (RSR) for the quarter...

Earnings Call, Kevin Buchel, NAPCO Security Technologies, Recurring service revenue (RSR), Richard Soloway


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“Exciting road ahead” for ADT as Q2 call doubles down on residential and small business

Residential

'Exciting road ahead' as ADT doubles down on residential, small business

August 8, 2023Ken Showers, Managing Editor

BOCA RATON, Fla. – ADT shook things up by preempting its second fiscal quarter 2023 earnings call with the news that the company is divesting itself of its commercial business. As reported earlier by Security Systems News the company has entered into a definitive agreement to sell its commercial security, fire and life safety business unit to private equity firm GTCR for a purchase price of $1.6 billion. The transaction has been approved by the company’s board of directors and is expected...

2023, ADT, ADT Commercial, commercial security, Earnings Call, fire and life safety, Jim DeVries, recurring monthly revenue (RMR), Second Quarter (Q2), solar


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Securitas Technology celebrating momentum, anniversary of STANLEY acquisition

Suppliers

Securitas Technology celebrating momentum, anniversary of STANLEY acquisition

August 1, 2023SSN Staff

UNIONTOWN, Ohio – Securitas has acknowledged the one-year anniversary of its acquisition of STANLEY Security and Healthcare, which the company is calling a significant milestone in its, “…transformation journey toward technology-based solutions and its ambition to be an outstanding global security and safety partner that helps make the world a safer place.” Securitas Technology said that the combined offering of the two companies has solidified its expertise...

2023, Earnings Call, Global Security, healthcare safety, Second Quarter (Q2), Securitas Technology, Security, STANLEY Security and Healthcare, Tony Byerly


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Also Noted

ADT releasing 2Q results on August 8

July 31, 2023SSN Staff

BOCA RATON, Fla. – ADT have announced that they’ll be releasing their second fiscal quarter 2023 results prior to market open on August 8. Following the release of the information ADT will be hosting a conference call and live webcast at 10:00 am ET to discuss the quarter followed by the usual Q&A session with call participants. To view the live webcast interested parties are directed to visit the investor relations website at investor.adt.com. Alternatively, participants may...

2023, ADT, conference call, Earnings Call, Q&A, Second Quarter (Q2), webcast


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Securitas continues quiet transformation during Q2 earnings call

Suppliers

Securitas continues quiet transformation during Q2 earnings call

July 31, 2023SSN Staff

STOCKHOLM – After a relatively silent year Securitas AB held its second fiscal quarter 2023 earnings call on July 28, posting positive results and growth as the company undergoes changes to its digital capabilities. That silence has ended with a quarterly earning call which shows the company well on track with organic sales growth of 11 percent, operating margin of 6.6 percent, Earnings per share before and after dilution of SEK 2.05, and earnings per share before and after dilution,...

2023, Airport Security, Earnings Call, global security technology, Magnus Ahlqvist, Second Quarter (Q2), Securitas AB, Stanley Security


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ADT holds strong and achieves record RMR in Q1 2023, stumbles on solar

Residential

ADT holds strong and achieves record RMR in Q1 2023, stumbles on solar

May 3, 2023Ken Showers, Managing Editor

BOCA RATON, Fla. – It was a solid quarter for growth with ADT on this year’s 2023 Q1 earnings call, with only a small cloud blocking the sun. To make note of some of the highlights from the report: total revenue of $1.6 billion, up 4 percent, and end-of-period recurring monthly revenue (RMR) record of $378 million, up 4 percent featuring high customer retention with gross customer revenue attrition maintaining record low of 12.5 percent. President and CEO Jim DeVries attributed...

2023, ADT, ADT Solar, Earnings Call, EBITDA, Google, Jim DeVries, Ken Porpora, recurring monthly revenue (RMR), Residential, Statefarm


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Allegion Q1 results, “Robust Demand” for NA non-residential business

Suppliers

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...

2023, Allegion plc, Earnings Call, electronics, First Quarter (Q1), John Stone, non-residential, portable security, Residential


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Monitoring Matters

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...

Assa Abloy, Earnings Call, First Quarter (Q1), NRG Energy, United States Department of Justice (DOJ), Vivint


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NAPCO’s Q2 financial results continue to prove strong as 2023 marches on

Suppliers

NAPCO’s Q2 financial results continue to prove strong as 2023 marches on

February 8, 2023Ken Showers, Managing Editor

AMITYVILLE, N.Y. – The momentum shown in NAPCO’s first quarter fiscal results gives no sign of slowing down as the company presented its Q2 2023 fiscal results to investors on Feb. 6. NAPCO continues to break records as its net sales for the quarter increased 27 percent to a Q2 record of $42.3 million as compared to $33.4 million for the same period last year. Their recurring service revenue (RSR) that the company attributed to much of their current success in the past...

2023, annual run rate, David Paterson, Earnings Call, intrusion alarms, investors, Kevin Buchel, NAPCO Security Technologies, Richard Soloway, school security solutions, Second Quarter (Q2)


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Johnson Controls Q1 results “Solid”, growth in service based businesses

Commercial

Johnson Controls Q1 results “Solid,” growth in service-based businesses

February 1, 2023Ken Showers, Managing Editor

CORK, Ireland – Johnson Controls is off to a strong start in the initial quarter of 2023 according to its first earnings call of the year on Feb. 1. The company highlighted a strong performance in its service orders, EBIT Margin Expansion, and adjusted EPS growth. At a glance the company achieved a 9 percent increase in organic sales growth, with sales in the quarter of $6.1 billion increased 4 percent over the prior year. The company showed an EBIT of $237 million with...

2023, Earnings Call, EBIT, fire and security, HVAC, Hybrid Energy, industrial heat pump, John Oliver, Johnson Controls (JCI), Olivier Leonetti, recurring revenue, service-based businesses, supply chain


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