FX.co ★ NAPCO Security Technologies Inc. Announces Increase In Q1 Income

NAPCO Security Technologies Inc. (NSSC) has announced an increase in profit for the first quarter compared to the same period last year. The company's net income for this quarter reached $11.19 million, translating to earnings of $0.30 per share. This marks an improvement from the $10.48 million, or $0.28 per share, reported in the first quarter of the previous year. Additionally, the company's revenue experienced a 5.6% growth, rising to $44.00 million from $41.68 million reported last year.

In summary of NAPCO Security Technologies Inc.'s quarterly financial performance under Generally Accepted Accounting Principles (GAAP):

- Net Income (Q1): $11.19 million, compared to $10.48 million last year.

- Earnings Per Share (EPS) (Q1): $0.30, compared to $0.28 last year.

- Revenue (Q1): $44.00 million, up from $41.68 million last year.