NSSC

EX-99.1

2 nssc-20260430xex99d1.htm

EX-99.1

Exhibit 99.1

NAPCO Security Technologies, Inc. Reports Fiscal 2026 Q3 Results

Fiscal Q3 2026 Highlights

●Q3 Net revenues of $49.2 million, a 11.8% YoY increase

●Equipment revenue increased 8.4% YoY to $24.2 million

●Recurring service revenue (“RSR”) increased 15.4% YoY to $24.9 million with a 90.4% gross margin

●RSR had a prospective annual run rate of approximately $101 million based on April 2026 recurring service revenues.

●Gross profit margin for Q3 2026 of 60.0% vs 57.2% in prior fiscal year quarter

●Net (loss) income for the three and nine months ended March 31, 2026, of $(0.4) million and $25.3 million is inclusive of a $16.0 million litigation settlement charge

●Non-GAAP Diluted Net Income per share increased YoY to $0.39 vs $0.28

●Q3 Adjusted EBITDA increased 20.2% YoY to $15.8 million with an Adjusted EBITDA Margin of 32.2%

●The Board declared a quarterly dividend of $0.15 per share, payable on July 3, 2026 to shareholders of record on June 12, 2026.

AMITYVILLE, N.Y., May 4, 2026 /PRNewswire/ -- NAPCO Security Technologies, Inc. (NASDAQ: NSSC), one of the leading manufacturers and designers of high-tech electronic security equipment, wireless communication devices for intrusion and fire alarm systems and the related recurring service revenues as well as a provider of school safety solutions, today announced financial results for its third quarter of fiscal 2026.  Results are reported in accordance with U.S. generally accepted accounting principles (“GAAP”) and are also reported adjusting for certain items (“Non-GAAP”). A reconciliation between GAAP and Non-GAAP operating results is provided at the end of this press release.

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Three months ended March 31,

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Nine months ended March 31,

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(dollars in thousands)

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(dollars in thousands)

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% Increase/

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% Increase/

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Financial Highlights

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2026

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2025

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(decrease)

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2026

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2025

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(decrease)

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GAAP Results

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Net Revenue

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$

49,167

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$

43,961

11.8

%

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$

146,507

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$

130,897

11.9

%

Gross Profit

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$

29,489

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$

25,127

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17.4

%

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$

85,573

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$

74,232

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15.3

%

Gross Profit Margin

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60.0

%

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57.2

%

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58.4

%

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56.7

%

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Operating (Loss) Income

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$

(1,188)

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$

11,146

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(110.7)

%

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$

27,208

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$

34,173

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(20.4)

%

Net (Loss) Income

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$

(408)

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$

10,122

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(104.0)

%

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$

25,260

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$

31,774

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(20.5)

%

Diluted (Loss) Earnings Per Share

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$

(0.01)

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$

0.28

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(103.6)

%

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$

0.70

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$

0.86

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(18.6)

%

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Non-GAAP Results

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Operating Income

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$

14,812

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$

11,146

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32.9

%

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$

43,208

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$

34,173

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26.4

%

Net Income

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$

13,859

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$

10,122

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36.9

%

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$

39,527

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$

31,774

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24.4

%

Net Income Margin

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28.2

%

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23.0

%

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27.0

%

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24.3

%

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Diluted Earnings Per Share

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$

0.39

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$

0.28

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39.3

%

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$

1.10

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0.86

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27.9

%

Adjusted EBITDA

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$

15,820

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$

13,161

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20.2

%

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$

46,112

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$

37,877

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21.7

%

Adjusted EBITDA Margin

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32.2

%

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29.9

%

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31.5

%

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28.9

%

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Adjusted EBITDA Per Share

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$

0.44

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$

0.36

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22.2

%

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$

1.28

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$

1.03

%  ​

24.3

%

Free Cash Flows

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$

16,022

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$

13,314

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20.3

%

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$

41,979

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$

37,024

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13.4

%

Free Cash Flows Margin

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32.6

%

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30.3

%

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28.7

%

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28.3

%

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Richard Soloway, Chairman and CEO, commented, “Our Fiscal Q3 performance reflects positive financial results, including record Q3 Adjusted EBITDA of $15.8 million, which was sustained by our recurring service revenue with its continued year over year double digit growth, and the consistent demand for our door-locking products that drove growth in our equipment revenue and improved equipment gross margins, which increased to approximately 29%. Our RSR continues to sustain gross margins of over 90%, represents approximately 51% of total revenue in Q3, and has a prospective run rate of approximately $101 million based on our April 2026 recurring service revenue. Our revenue growth and margin expansion resulted in a 37% increase in Non-GAAP net income, a 20% increase in Adjusted EBITDA and our adjusted EBITDA margin was 32.2% as compared to 29.9% in Q3 of Fiscal 2025.

As such we are pleased to continue our dividend program and will be paying the next quarterly dividend of $0.15 per share on July 3, 2026 to shareholders of record on June 12, 2026.”

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Conference Call Information

Management will conduct a conference call at 11 a.m. ET today, May 4, 2026, and in order to participate please go to the Investor Relations section of the Company we

NAPCO SECURITY TECHNOLOGIES, INC._January 29, 2026 0000069633false00000696332026-01-292026-01-29 ​ ​

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

​

FORM 8-K

​

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 ​ Date of Report (Date of earliest event reported) January 29, 2026 ​

NAPCO SECURITY TECHNOLOGIES, INC.

(Exact name of registrant as specified in charter) ​

Delaware ​ ​ ​ 0-10004 ​ ​ ​ 11-2277818

(State or other jurisdiction of

(Commission File Number)

(IRS Employer Identification No.)

incorporation) ​ ​ ​ ​

​ 333 Bayview Avenue, Amityville, New York 11701 (Address of principal executive offices) ​ Registrant’s telephone number, including area code (631) 842-9400 ​

(Former name and former address if changed from last report) ​ Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2 below): ​ ☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

​ ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

​ ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

​ ☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

​ Securities registered pursuant to Section 12(b) of the Act: ​

Title of each class ​ ​ ​ Trading Symbol(s) ​ ​ ​ Name of each exchange on which registered

Common Stock, par value $0.01 per share

NSSC

Nasdaq Stock Market

​ Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (section 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (section 240.12b-2 of this chapter). ​ Emerging growth company ☐ ​ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act ☐ ​ ​ ​ ​

Item 2.02.    RESULTS OF OPERATIONS AND FINANCIAL CONDITION On February 2, 2026, the registrant issued a press release to report results for the three months ended December 31, 2025. This press release is furnished as Exhibit 99.1. The information in this Current Report on Form 8-K, including the exhibit attached hereto, is furnished pursuant to Item 2.02, and shall not be deemed to be "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934, or otherwise subject to the liabilities of that section. Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On January 29, 2026, Joseph Pipczynski was appointed as the Company’s Chief Revenue Officer. Mr. Pipczynski will be reporting to Kevin S. Buchel, President and Chief Operating Officer. Stephen Spinelli, Senior Vice President of Sales, will report to Joseph Pipczynski. On February 2, 2026, the registrant issued a press release announcing the foregoing changes. This press release is furnished as Exhibit 99.1. Item 7.01.    REGULATION FD DISCLOSURE On January 29, 2026, the Company’s Board of Directors declared a cash dividend of $.15 per share payable on April 3, 2026, to stockholders of record on March 12, 2026. Information regarding this declaration is included in the press release furnished as Exhibit 99.1. Item 9.01.    FINANCIAL STATEMENTS AND EXHIBITS (d) Exhibits: ​ ​

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99.1 ​ ​ Press Release issued by Napco Security Technologies, Inc. dated February 2, 2026.

10 4 ​ Cover Page Interactive Data File (formatted as Inline XBRL).

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SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunder duly authorized. ​

NAPCO SECURITY TECHNOLOGIES, INC.

(Registrant)

Date: February 2, 2026 By: /s/ Kevin S. Buchel

Kevin S. Buchel

President & Chief Operating Officer

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NAPCO SECURITY TECHNOLOGIES, INC._October 30, 2025 0000069633false00000696332025-10-302025-10-30 ​ ​

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

​

FORM 8-K

​

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 ​ Date of Report (Date of earliest event reported) October 30, 2025 ​

NAPCO SECURITY TECHNOLOGIES, INC.

(Exact name of registrant as specified in charter) ​

Delaware

0-10004

11-2277818

(State or other jurisdiction of

(Commission File Number)

(IRS Employer Identification No.)

incorporation) ​ ​ ​ ​

​ 333 Bayview Avenue, Amityville, New York 11701 (Address of principal executive offices) ​ Registrant’s telephone number, including area code (631) 842-9400 ​

(Former name and former address if changed from last report) ​ Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2 below): ​ ☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

​ ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

​ ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

​ ☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

​ Securities registered pursuant to Section 12(b) of the Act: ​

Title of each class

Trading Symbol(s)

Name of each exchange on which registered

Common Stock, par value $0.01 per share

NSSC

Nasdaq Stock Market

​ Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (section 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (section 240.12b-2 of this chapter). ​ Emerging growth company ☐ ​ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act ☐ ​ ​ ​ ​

Item 2.02.    RESULTS OF OPERATIONS AND FINANCIAL CONDITION On November 3, 2025, the registrant issued a press release to report results for the three months ended September 30, 2025. This press release is furnished as Exhibit 99.1. The information in this Current Report on Form 8-K, including the exhibit attached hereto, is furnished pursuant to Item 2.02, and shall not be deemed to be "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934, or otherwise subject to the liabilities of that section. Item 7.01.    REGULATION FD DISCLOSURE On October 30, 2025, the Company’s Board of Directors declared a cash dividend of $.14 per share payable on January 2, 2026, to stockholders of record on December 12, 2025. Information regarding this declaration is included in the press release furnished as Exhibit 99.1. Item 9.01.    FINANCIAL STATEMENTS AND EXHIBITS (d) Exhibits: ​ ​

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99.1

Press Release issued by Napco Security Technologies, Inc. dated November 3, 2025.

10 4 ​ Cover Page Interactive Data File (formatted as Inline XBRL).

​ ​

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunder duly authorized. ​

NAPCO SECURITY TECHNOLOGIES, INC.

(Registrant)

Date: November 3, 2025 By: /s/ Kevin S. Buchel

Kevin S. Buchel

President & Chief Operating Officer

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