NSSC

EX-99.1

2 nssc-20260820xex99d1.htm

EX-99.1

Exhibit 99.1

NAPCO Security Technologies, Inc. Reports Fiscal Q4 and Full Year 2026 Results

AMITYVILLE, N.Y., August 24, 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 fourth quarter and fiscal year 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.

Fourth Quarter 2026 Financial Results as Compared to Fourth Quarter 2025

●Net revenue increased 10.0% to a quarterly record $55.8 million, as compared to $50.7 million

●Recurring service revenue (“RSR”) increased 12.9% to $25.3 million, with over 90% gross margin, as compared to $22.4 million

●Equipment revenue increased 7.7% to $30.5 million, compared to $28.3 million

●Gross profit margin of 61.3%, which included a benefit of approximately 600 basis points from tariff refunds, vs 52.8% in prior fiscal year quarter

●Net Income increased 52.7% YoY to a quarterly record $17.8 million, as compared to $11.6 million

●Diluted Net Income per share increased 51.5% to $0.50, which is inclusive of a benefit of approximately $0.09 from net tariff refunds, as compared to $0.33

●Non-GAAP Adjusted EBITDA increased 44.3% to a quarterly record $20.6 million with an Adjusted EBITDA Margin of 36.8%

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Full Year 2026 Financial Results as Compared to Full Year 2025

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●Net revenue increased 11.4% to a record $202.3 million, as compared to $181.6 million

●RSR increased 13.0% to $97.5 million, with over 90% gross margin, as compared to $86.3 million

●RSR has a prospective annual run rate of approximately $103 million based on July 2026 recurring service revenues

●Equipment revenue increased 10.0% to $104.8 million, compared to $95.3 million

●Gross profit margin of 59.2%, which included a benefit of approximately 50 basis points from tariff refunds, vs 55.6% in prior fiscal year

●Net Income decreased (.9%) to $43.0 million, as compared to $43.4 million. Full year net income and net income per share were negatively affected by a $16 million litigation settlement charge taken in Q3 of fiscal 2026

●Diluted Net Income per share increased 0.8% YoY to $1.20, which is inclusive of a benefit of approximately $0.03 from net tariff refunds and negative impact of approximately $0.40 from net litigation settlement costs, as compared to $1.19

●Non-GAAP Net Income increased 32.0% to $57.3 million, as compared to $43.4 million

●Non-GAAP Diluted Net Income per share increased 34.5% YoY to $1.60, as compared to $1.19.

●Non-GAAP Adjusted EBITDA increased 27.9% YoY to a record $66.7 million, with an Adjusted EBITDA Margin of 33.0%

●The Board declared a quarterly dividend of $0.17 per share, payable on October 2, 2026 to shareholders of record on September 11, 2026.

Kevin Buchel, CEO and President, commented, “Our Fiscal Q4 performance completes a strong close to our fiscal year end and reflects continued positive financial results. We achieved record Q4 revenue and Adjusted EBITDA of $55.8 and $20.6 million, respectively, which was bolstered by our recurring service revenue with its continued year over year double digit growth. We saw a rebound in our equipment sales, which increased 10.0% for the year, driven by strong demand for our door-locking products as well as a 36% growth in sales of our intrusion products in Q4, which is primarily a result of increased sales of our StarLink fire communicators. Our RSR continues to deliver gross margins of over 90%, and represents approximately 45% of total revenue in Q4, and has a prospective run rate of approximately $103 million based on our July 2026 recurring service revenue. Our revenue growth and margin expansion in Q4 resulted in a 53% increase in net income, a 44% increase in Non-GAAP Adjusted EBITDA and our Adjusted EBITDA margin was 36.8% as compared to 28.1% in Q4 of Fiscal 2025.

As such we are pleased to continue our dividend program and will be increasing the quarterly dividend by 13.3% to $0.17 per share, which will be paid on October 2, 2026, to shareholders of record on September 11, 2026.”

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Three months ended June 30,

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Year ended June 30,

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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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$

55,809

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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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