Overview

* NAPCO fiscal Q1 revenue grows 11.7% yr/yr, beating analyst expectations

* Adjusted EBITDA for fiscal Q1 rises 21.1% yr/yr, reflecting strong operational performance

* Company declares quarterly dividend of $0.14 per share, payable January 2, 2026

Outlook

* Company remains confident in continued growth of net income and adjusted EBITDA in fiscal 2026

* Company focuses on expanding RSR solutions across all platforms

* Company to pay quarterly dividend of $0.14 per share on January 2, 2026

Result Drivers

* EQUIPMENT REVENUE - Growth driven by strong demand for door-locking products, improving equipment gross margins

* RECURRING SERVICE REVENUE - RSR increased 11.1% YoY with a 90% gross margin, representing 48% of total revenue

* RSR EXPANSION - Focus on expanding RSR solutions, including MVP Access platform gaining traction

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q1 Beat $49.20 $46.87

Revenue mln mln (5

Analysts

)

Q1 EPS $0.34

Q1 Gross 56.60%

Margin

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)