Tag: NAPCO Security Technologies
NAPCO reports record-breaking revenues for Q3 of fiscal 2024
May 7, 2024SSN Staff
AMITYVILLE, N.Y.—NAPCO Security Technologies has announced record-breaking financial results for its third quarter of fiscal 2024.
The New York-based manufacturer and designer of high-tech electronic security equipment and wireless communication devices for intrusion and fire alarm systems, as well as provider of school safety solutions, posted its 14th consecutive record-breaking quarter for sales during Q3.
Net sales for Q3 increased 13% to $49.3 million - the highest quarterly...
NAPCO StarLink Operations Center (NOC) receives SOC 2 rating
May 3, 2024SSN Staff
AMITYVILLE, N.Y.—NAPCO Security Technologies has announced that its StarLink Network Operations Center (NOC) is now SOC 2 rated.
In addition to its UL-listed certifications, NAPCO’s StarLink NOC has undergone rigorous criteria to implement and meet SOC policies & trust services criteria for cybersecurity and data privacy protection, i.e., providing added security for all NAPCO dealer accounts.
NAPCO took these important steps even as cyberattack breaches and huge ransomware demands...
NAPCO promotes two new sales directors
May 1, 2024SSN Staff
AMITYVILLE, N.Y. – NAPCO Security Technologies, Inc., has announced the recent promotion of two regional sales managers to sales director - Troy Bonnano, for NAPCO Security & Fire, and Rob Etmans for NAPCO Access Pro divisions.
Stephen Spinelli, SVP of sales for NAPCO Security Technologies and its divisions, said, “Both these sales professionals, joined the company about four years ago, and in a relatively short time have distinguished themselves, with superior...
ESA recognizes 2023 Executive Strategic Partners
December 29, 2023SSN Staff
DALLAS—The Electronic Security Association’s (ESA’s) Executive Strategic Partners invest annually in the association to grow important initiatives, improve our members’ businesses, and take the industry to greater heights.
Without these partnerships, ESA – a non-profit organization - would not be able to fulfill its mission to provide high-quality resources, advocacy, connections, and education for electronic security and life safety professionals.
“These...
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...
NAPCO’s Continental Access Division unveils new dealer program, brand, website
July 12, 2023SSN Staff
AMITYVILLE, N.Y.—NAPCO Security Technologies announced that its Continental Access Division has introduced an all-new Napco Access Pro Dealer Program, brand, and website.
Some of the program highlights will be offering exclusive products with pro feature sets and new value-adds; preferred pricing tiers and growth incentives; protected/semi-protected territories; leads, dedicated account management, continuing pro-education options and opportunities; marketing tools and an annual awards event....
Wesco International Q4 and 2022 results “stellar”
February 16, 2023SSN Staff
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...
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...
Downloadable Content
January 18, 2023Ken Showers, Managing Editor
In the waning weeks of 2022 I briefly touched on some of the big trends I saw being prevalent in 2023. You’ve got things like Zero Trust security strategies, AI-enhanced security algorithms, cloud-based everything, but I neglected an important one I think, and that’s recurring revenue.
I know because its something that’s come up multiple times in the past two weeks. NAPCO has credited its recent growth to recurring revenue, and in interviewing CEO Don Joos this past week its...
NAPCO’s Alarm Lock Trilogy wins 2022 Maintenance Innovation Award for Safety
January 3, 2023SSN Staff
AMITYVILLE, N.Y. – NAPCO Security Technologies Inc. announced that its Alarm Lock Trilogy series access control locks have been recognized by facility management decision makers as the winner of the 2022 Maintenance Innovation Award for Safety.
Presenters state that the award is to “recognize innovations and excellence in products, that contribute to the efficient and profitable operation and management of commercial buildings and institutions in the...