Napco Security Technologies shares surged nearly 15% on Monday after the company reported fourth-quarter results above Wall Street estimates. Net revenue rose 10% to a quarterly record $55.8 million, beating consensus by $3.25 million, while adjusted earnings per share came in at $0.50, exceeding expectations by $0.12. Equipment revenue increased 7.7% to $30.5 million, driven by strong demand for door-locking products and a 36% growth in intrusion product sales, primarily from StarLink fire communicators. CEO Kevin Buchel noted a rebound in equipment sales, which grew 10% for the year. The stock was trading at $43.70 in morning trading.
NAPCO Security Technologies IncFourth-quarter results beat estimates with record revenue and EPS above consensus.
