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NAPCO Security beats Q3 estimates

Published 05/07/2018, 10:53 AM
© Reuters.  NAPCO Security beats Q3 estimates
NSSC
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  • NAPCO Security (NSSC +1.8%) reports recurring service revenue growth of 49% to $3.16M in Q3.
  • Equipment revenues grew 1.9% to $19.04M.
  • Gross margin rate -10 bps to 40.1%.
  • SG&A expense rate improved 270 bps to 23.9% for the period.
  • Adjusted operating margin rate expanded 310 bps to 8.6%.
  • Adjusted EBITDA increased 53.5% to $2.27M.
  • Mr. Soloway summarized, "NAPCO's strategic plans for growth, both near-term and long-term, are developing well. We will continue to position our Company for continued vibrant growth, with our investment in attractive growth markets and look forward to completing a very successful Fiscal 2018.
  • Previously: NAPCO Security beats by $0.03, beats on revenue (May 7)
  • Now read: FreightCar America beats by
  • Now read: FreightCar America beats by $0.11, beats on revenue
  • .11, beats on revenue


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