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Securitas AB provides interim report, on track to growing Stanley acquisition value

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Securitas AB provides interim report, on track to grow STANLEY acquisition value

November 8, 2022SSN Staff

STOCKHOLM - From what it refers to as "the most transformative acquisition in Securitas history," Securitas AB - as one company with STANLEY Security - gave its interim report covering January-September 2022. Only accounting for the period between July and September Securitas recorded roughly MSEK 36 million in total sales ($3.354 million USD). That is coupled with an organic sales growth of 7 percent.  Other stats for the quarter: •            ...

financial targets, Magnus Ahlqvist, Securitas AB, Stanley Security, supply chain


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NAPCO announces first quarter fiscal 2023 results

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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...

earnings per share (EPS), EBITDA, first fiscal quarter, Napco Security Technologies, Richard Soloway, shareholders, supply chain


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Allegion acquiring workforce manage solution via plano group

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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...

Allegion, Bernhard Sommer, first fiscal quarter, Interflex, plano Group, Robert Schüler, SaaS, security product, workforce management solution


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ADT presents Q3 fiscal results

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ADT presents Q3 fiscal results

November 4, 2022Ken Showers, Managing Editor

BOCA RATON, Fla.—Security giant ADT released its fiscal third quarter financial results this week, highlighting monthly revenue and partnerships. President and CEO Jim DeVries described ADT’s performance in the third fiscal quarter as strong with top line growth at 22 percent to $1.6 billion. It generated an adjusted net income of $83 million ($0.10 per share). DeVries also said the quarter resulted in an improved adjusted EBITDA that was up 12 percent year over year. In...

ADT, EBITDA, Google Nest, Jim DeVries, Paul Smith, recurring monthly revenue (RMR), State Farm, Third Fiscal Quarter


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Assa Abloy shows growth in Q3 results, commitment to HHI acquisition

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Assa Abloy shows growth in Q3, commits to HHI acquisition

October 28, 2022Ken Showers, Managing Editor

STOCKHOLM – This week lock maker and security giant Assa Abloy presented its Q3 financial results, with strong growth despite signs of a market slowdown. The conference call opened with remarks from Assa Abloy President, CEO & Head, Global Technologies Division Nico Delvaux. The company experienced an organic sales growth of 14 percent which Delvaux credited to Entrance Systems and the America’s contributions, as well as Global Technologies. Net sales have increased 33 percent with...

Assa Abloy, Control iD, COVID, DHL, DoorBird, EBITDA, Emtek Products, intercom, Nico Delvaux, smart locks, Smart Residential, Third Fiscal Quarter, U.S. Department of Justice (DOJ)


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Allegion provides report on Q3 2022 financial results

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Allegion provides report on Q3 2022 financial results

October 27, 2022Ken Showers, Managing Editor

DUBLIN – Allegion plc released its third quarter fiscal 2022 financial results on Oct. 27, as well as a revised outlook for the remainder of 2022. The company saw a net earnings per share (EPS) of $1.30 compared to $1.59 in 2021, with an adjusted EPS of $1.64, up roughly 5 percent from $1.56 in 2021. Allegion posted Q3 2022 revenues of $913.7 million, up 27.4 percent reported and 18.6 percent organically.      “Allegion delivered a very strong...

Access Technologies, Allegion, earnings per share (EPS), inflation, John H. Stone, supply chain, Third Fiscal Quarter


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ADI

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ADI awarded 2022 U.S. Distributor of the Year by Axis Communications

October 24, 2022SSN Staff

MELVILLE, N.Y.—ADI Global Distribution, a wholesale distributor of security, AV and low-voltage products, announced it was recently awarded the 2022 Distributor of the Year for the U.S. by Axis Communications. ADI was recognized for its strong customer support, operational excellence, and commitment to the network security market. "We’re proud to present ADI with our 2022 U.S. Distributor of the Year award—recognizing their achievements and contributions to the network security...

2022 Distributor of the Year for the U.S., ADI Global Distribution, Axis Communications, Fredrik Nilsson, Rob Aarnes


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Nice

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Nice completes transformation of Nortek Control

September 29, 2022SSN Staff

CARLSBAD, Calif.—Nice, a global manufacturer of smart home, security, and building automation solutions, has announced the completed transition from Nortek Control to Nice North America.  This milestone strengthens the Nice global brand and solidifies its position as a powerhouse in North America. Partners, including dealers, integrators, builders, and distributors, will benefit from its broad portfolio for residential, commercial, and industrial solutions, deeper partner programs,...

Luca Longhin, Mark Owen Burson, Nice, Nice North America, Nortek Control


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NAPCO announces record breaking fourth quarter fiscal results 2022

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NAPCO announces record-breaking Q4 fiscal results for 2022

August 29, 2022Ken Showers, Managing Editor

AMITYVILLE, N.Y. – Security device manufacturer and designer NAPCO Security Technologies has announced record-breaking fiscal results for the fourth quarter of 2022. The company boasted results of a 22 percent increase of sales to $43.2 million, a recurring service revenue increase of 36 percent to $7.5 million, and an adjusted EBITDA increase of 29 percent to $9.2 million. Net sales increased 26 percent to a record $143.6 million, with a record net income...

EBITDA, financial results, Napco, Napco Security Technologies, Richard Soloway, StarLink


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Snap One

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Snap One acquires Clare Controls

August 11, 2022SSN Staff

CHARLOTTE, N.C —Snap One, a manufacturer and distributor of smart living technology, has announced the acquisition of Clare Controls, maker of the ClareOne smart home and security system. Terms were not disclosed. Since Snap One entered an exclusive distribution partnership with Clare Controls in 2019, the ClareOne system has become a go-to for Snap One partners, providing a hybrid smart home and security solution for entry- to mid-level applications. Mike Jordan, Snap One SVP of Control...

Brett Price, Clare Controls, Mike Jordan, Snap One


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