Tag: shareholders

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...

AUSTIN, Texas—Resideo Technologies, Inc., a global provider of home comfort and security solutions, recently announced a number of actions to position the company for long-term success and enhance shareholder value.The company's President and CEO, Mike Nefkens, and the board have mutually agreed to a transition, which will allow Nefkens to focus on family health issues. Nefkens has agreed to continue until his successor is appointed, at which time he also will step down from the board of directors....