# NAPCO Posts $49.98 Million in Fiscal Q1 2027 Revenue, $0.36 EPS

By John Kim

Canonical URL: https://www.tokenpost.com/news/business/46453
Published: 2026-11-02T13:15:30.000Z
Updated: 2026-11-02T13:15:30.000Z
Section: Business

> Recurring service revenue reached a quarterly record of $26.1 million, while equipment revenue declined 7.3%.

NAPCO Security Technologies Inc. posted fiscal first-quarter 2027 revenue of $49.98 million and diluted GAAP earnings of $0.36 per share, with recurring service revenue setting a quarterly record.

Revenue for the three months ended Sept. 30 rose 1.7% from a year earlier. Diluted earnings per share increased 5.9%, while net income climbed 6.9% to $13.009 million. Gross profit margin was 58.7%, up from 56.6% in the year-earlier quarter.

Recurring service revenue advanced 11.5% to $26.1 million, the highest quarterly level. Equipment revenue moved in the opposite direction, falling 7.3% to $23.9 million. The service figure was $2.2 million above equipment revenue, based on the reported segment totals.

NAPCO CEO and President Kevin Buchel said two locking distributors cut their purchases during the quarter, driving the equipment revenue decline. “The decrease was driven by two locking distributors reducing their purchases during the quarter,” Buchel said.

The company’s business includes electronic security equipment, cellular communication services for intrusion and fire alarm systems, and school safety solutions. Its quarterly results showed growth in recurring service revenue alongside lower equipment sales, while total revenue remained above the year-earlier level.

NAPCO’s board declared a quarterly dividend of $0.17 per share. The dividend is payable Jan. 4, 2027, to shareholders of record Dec. 14, 2026.

The company scheduled its earnings call for 11 a.m. ET on Monday, Nov. 2. The call is set to follow the release of the fiscal first-quarter results.