NAPCO Security Technologies Q4 Profit Surges - Quick Facts

(RTTNews) - NAPCO Security Technologies, Inc. (NSSC) reported fourth-quarter net income of $3.34 million or $0.18 per share, up from $2.34 million or $0.12 per share in the prior-year quarter. Adjusted EBITDA per share for the quarter was $0.20 per share, compared to $0.17per share in the year-ago period.

Net sales for the quarter increased 7 percent to $22.96 million from $21.52 million in the same period last year.

Richard Soloway, Chairman and President, said, "We achieved one of our best performing years ever in 2015, delivering strong results by soundly executing our business model. Our recently introduced products and product enhancements are paying dividends as they gain traction in the security marketplace and the investments we made in our recurring revenue services are also growing."

Looking ahead, NAPCO Security Technologies said it expects to achieve its long-term goals, including further margin expansion, a $100 million annual revenue run rate and greater profitability. Simultaneously, the company is continuing to explore ways to use our excess cash to create the most value for shareholders.