NAPCO Security Technologies Inc. (NSSC) has announced an increase in profit for the first quarter compared to the same period last year. The company's net income for this quarter reached $11.19 million, translating to earnings of $0.30 per share. This marks an improvement from the $10.48 million, or $0.28 per share, reported in the first quarter of the previous year. Additionally, the company's revenue experienced a 5.6% growth, rising to $44.00 million from $41.68 million reported last year.
In summary of NAPCO Security Technologies Inc.'s quarterly financial performance under Generally Accepted Accounting Principles (GAAP):
- Net Income (Q1): $11.19 million, compared to $10.48 million last year.
- Earnings Per Share (EPS) (Q1): $0.30, compared to $0.28 last year.
- Revenue (Q1): $44.00 million, up from $41.68 million last year.
