Recent Updates — NSSC
NAPCO Security Technologies reported fiscal Q4 and full-year 2026 results. Fourth-quarter net revenue reached a record $55.8 million, up 10.0% year-over-year, driven by a 12.9% increase in recurring service revenue to $25.3 million and equipment sales growth of 7.7%. Q4 diluted EPS rose 51.5% to $0.50, while full-year net income decreased slightly to $43.0 million due to a $16 million litigation settlement charge taken in the prior quarter. The Board declared a quarterly cash dividend of $0.17 per share, representing a 13.3% increase from the previous quarter's rate. This dividend is payable on October 2, 2026, to shareholders of record as of September 11, 2026. NAPCO Security Technologies manufactures and designs high-tech electronic security equipment, wireless communication devices for intrusion and fire alarm systems, and school safety solutions.
NAPCO Security Technologies, Inc. announced a leadership transition effective July 8, 2026. Richard Soloway, the current Chairman and CEO, transitioned to the role of Founder and Executive Chairman under a new employment agreement providing an $800,000 annual base salary and a 50% target performance bonus. Kevin Buchel, formerly President and COO, was appointed CEO and President, with his annual base salary increased to $900,000 and a 50% target performance bonus. Both executives are eligible for annual equity awards and severance packages totaling two times their base salary and target bonus. The company operates in the security technology industry.