Tag: First Quarter (Q1)
Johnson Controls reports steady fire and security growth
February 12, 2026Ken Showers, Managing Editor
CORK, Ireland — Johnson Controls reported low single-digit growth in its fire and security businesses during the first quarter, with leadership targeting tighter executive and improved operational performance as the company navigates largely unchanged market conditions.
Speaking during the Q&A portion of the earnings call, CEO & Director Joakim Weidemanis said the fire and security segments delivered modest growth but...
NAPCO reports fiscal Q1 results
November 3, 2025SSN Staff
AMITYVILLE, N.Y. — NAPCO Security Technologies has announced the financial results for its first quarter of fiscal 2026.
Richard Soloway, chairman and CEO, commented, "With the completion of the first quarter of fiscal 2026, we experienced year-over-year double-digit growth in both our equipment and service revenue. Strong demand for our door-locking products has driven the growth in our equipment revenue and improved equipment gross margins, and our RSR continues to see growth quarter...
NRG crushes Q1, residential shows progressive results
May 28, 2025Ken Showers, Managing Editor
HOUSTON — NRG Energy is surging out of the gate in 2025 with a record breaking Q1 performance and some welcome traction in its residential vertical led by Vivint Smart Home.
Smart Home customer growth saw a 6% net increase and a strong margin expansion of 4% in Q1 2025 compared to the same period in 2024. The segment also saw a continuing record high retention rate of 90%.
“Our results were driven by a mix of expanded margins, favorable weather and excellent commercial...
ASSA ABLOY navigates U.S. economic climate
May 9, 2025Ken Showers, Managing Editor
STOCKHOLM — ASSA ABLOY plans to increase prices between 1% and 2% this year in the face of an uncertain economic climate in the U.S., company officials said during a recent webcast.
During the Q&A portion of the webcast, ASSA ABLOY President and CEO Nico Delvaux said, with the threat of tariffs altering the global economic landscape in a chaotic and shifting manner almost daily, it was difficult to provide guidance but that price increases would be part of mitigations, among other...
Allegion rises on non-residential biz, remains cautious on tariffs
May 1, 2025Ken Showers, Managing Editor
DUBLIN — Allegion says its positive financial results for the first quarter ended March 31, 2025, are the result of top-line growth in the Americas, driven by the company’s non-residential business, but it’s holding off on updating its revenue outlook for the rest of the year due to the volatility of tariffs.
First quarter
Allegion’s non-residential business was up high-single digits, while its residential business declined mid-single digits.
“Allegion...
Finding out
April 9, 2025Ken Showers, Managing Editor
Now, I don’t want to say I told you so, but if you follow this blog and you thought this wasn’t going to come up again you owe me a whole basket of Easter candy, or at least the acknowledgment that we are still going to be talking about tariffs.
If you follow our articles and blogs closely, you’re probably not shocked by this week’s topic (or just read the news in general). Editor Cory Harris talked about this in February, I posted my own blog about it in November...
‘Spending wisely but slowly’ - SSN readers weigh in on Q1
June 19, 2024Ken Showers, Managing Editor
YARMOUTH, Maine - Reports that came out of the first quarter of 2024 were a mixed bag for most companies in the security industry.
As organizations increasingly tighten belts and return to the fundamental parts of their business, Security Systems News (SSN) has turned to readers in the July News Poll to provide their outlook on the first quarter of 2024.
Interestingly, in spite of growing AI adoption there was a general agreement that traditional industry segments performed the best in the...
ASSA ABLOY seeks to ‘protect the bottom line’ in U.S.
May 1, 2024Ken Showers, Managing Editor
STOCKHOLM – As challenges continue to mount in the residential security market in the U.S., ASSA ABLOY is making sure it “adapts cost to the new reality,” says President and CEO Nico Delvaux.
“It's clear that we continue to operate in an uncertain economic climate,” he said. “As I said in previous quarters, we will continue to take advantage of those opportunities we see in the market. There are still regions where we see very good momentum. There...
Allegion off to 'solid start’
May 1, 2024Ken Showers, Managing Editor
DUBLIN – A healthy institutional market helped Allegion plc beat earnings estimates in the first quarter (Q1) of 2024, the fourth quarter in a row.
“Allegion is off to a solid start in 2024, and I'm very proud of our entire team,” Allegion CEO John Stone told investors. “Institutional markets remain healthy as we expected, our team continues to leverage our capabilities in spec writing, made-to-order manufacturing and strong distribution partnerships to best serve...
ADT highlights new platform, relationship with Google
April 30, 2024Ken Showers, Managing Editor
BOCA RATON, Fla. – ADT’s refocus on its core consumer security and smart home business has paid off, with a strong start to 2024, company officials said.
The company reported total revenue of $1.2 billion for the First Quarter (Q1), with end-of-period recurring monthly revenue (RMR) up 3% to $353 million ($4.2 billion on an annualized basis). Consumer and Small Business (CSB) revenue was up 5% and segment Adjusted EBITDA was up 8%. The company also reported strong customer retention,...