As FY24 Progresses, NAPCO Security Technologies Expect Radio Sales to Continue to be a Key Contributor to its Hardware Sales
Portfolio Pulse from Benzinga Newsdesk
NAPCO Security Technologies expects radio sales to continue to be a key contributor to its hardware sales as FY24 progresses. The company has reported an improved gross margin for hardware sales of 28% and expects this to improve further. The net income margin and Adjusted EBITDA margin are 25% and 31% respectively. The company will continue its dividend program, paying a dividend of $0.08 per share on December 22, 2023.
November 06, 2023 | 12:55 pm
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POSITIVE IMPACT
NAPCO's positive financial performance and continued dividend program could potentially boost investor confidence and positively impact the company's stock price in the short term.
The company's improved gross margin, strong net income margin and Adjusted EBITDA margin, and continued dividend program indicate a strong financial performance. This could potentially attract more investors, leading to an increase in demand for the company's stock and a rise in its stock price.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100