NAPCO Safety Technologies To Present At 17th Once-a-year Needham Technological innovation & Media Convention

AMITYVILLE, N.Y., Might 12, 2022 /PRNewswire/ — NAPCO Protection Technologies, Inc. (NASDAQ: NSSC), a person of the leading designers and producers of superior-tech electronic safety equipment, wi-fi recurring conversation companies for intrusion, fire alarm, access regulate and locking systems as well as a foremost supplier of school basic safety remedies right now announced that administration will be presenting at the 17th Annual Needham Technologies & Media Convention on Monday Might 17, 2022, in New York.

NAPCO administration is scheduled to existing at 1:30 PM ET on Tuesday Could 17, 2022. NAPCO management will be web hosting 1-on-a person meetings held all over the convention. We will explore our not too long ago produced fiscal 3rd quarter outcomes including our file quarterly income and the inflection factors that are driving these and foreseeable future results. Subject areas will also include things like the company mix shift to recurring revenues with greater margins from the remarkably profitable Starlink alarm communicator household of products and its new AirAccess line of access control and locking programs. In addition, we will be talking about our line of faculty stability and basic safety products that tackle the urgent require for securing the universities in the US. NAPCO has a product portfolio for faculty protection that suits the desires of K-12’s and large universities.

The presentation will be webcast dwell and traders can register to look at the webcast on the trader relations portion of the corporate site (www.napcosecurity.com).

To obtain more data, ask for an invitation or to program a one particular-on-just one conference, remember to contact your Needham&Co. gross sales agent or Patrick McKillop, Director IR for NAPCO at [email protected].

About NAPCO Safety Technologies, Inc.

NAPCO Stability Systems, Inc., is a single of the world’s major producers and assistance providers of high-tech digital security gadgets as very well as a major provider of university security methods. The Company is composed of 4 Divisions: NAPCO, in addition 3 wholly-owned subsidiaries: Alarm Lock, Continental Instruments, and Marks United states. Headquartered in Amityville, New York, its goods are put in by tens of 1000’s of safety gurus globally in professional, industrial, institutional, household and governing administration programs. NAPCO goods have acquired a track record for innovation, technological excellence and trustworthiness, positioning the Firm for advancement in the multi-billion greenback and swiftly expanding digital stability current market. For extra information on NAPCO, please go to the Firm’s world wide web website at http://www.napcosecurity.com.

Risk-free Harbor Statement

This push release has ahead-looking statements that are primarily based on latest expectations, estimates, forecasts and projections of future effectiveness dependent on management’s judgment, beliefs, current traits, and expected product effectiveness. These ahead-looking statements include, but are not restricted to, statements relating to the impact of COVID-19 pandemic the expansion of recurring services profits and once-a-year run rate the introduction of new entry command and locking solutions the alternatives for fire alarm products and solutions and our potential to execute our

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Arrow Electronics (ARW) Tops Q1 Earnings & Revenue Estimates

Arrow Electronics ARW reported impressive first-quarter 2022 results. The company’s adjusted earnings of $5.43 per share beat the Zacks Consensus Estimate of $4.53. The bottom line improved by a whopping 91% on a year-over-year basis.

In the first quarter of 2022, the company reported revenues of $9.07 billion, up 8% from the year-ago quarter. Excluding the impact of unfavorable currency exchange rates, sales increased 10.2%. The top line also surpassed the consensus mark of $8.67 billion.

Arrow Electronics has been witnessing the increasing demand for electronic components and software, cloud and security solutions. However, supply-chain constraints have been limiting its ability to capitalize on the growing demand.

Arrow Electronics, Inc. Price, Consensus and EPS Surprise

Arrow Electronics, Inc. Price, Consensus and EPS Surprise

Arrow Electronics, Inc. price-consensus-eps-surprise-chart | Arrow Electronics, Inc. Quote

Segment Details

Adjusted revenues from Global Components increased 13.5% year over year to $7.2 billion. Region-wise, the segment’s revenues from America jumped 37.6% year over year. Adjusted sales from Europe increased 31.1% year over year. Global Components’ sales in the Asia Pacific region were down 7.6% on a year-over-year basis.

Adjusted revenues from Global Enterprise Computing Solutions (“ECS”) came in at $1.88 billion, down 0.9% year over year. Region-wise, the segment’s revenues from America fell 8.8%, while Europe’s revenues increased 11.4%.

The non-GAAP operating income from Global Components and Global ECS were $506 million and $88 million, respectively.

Margins

Arrow Electronics’ non-GAAP gross profit climbed 29.8% to $1.21 billion in the first quarter from the prior-year quarter’s $930.1 million. The non-GAAP gross margin expanded 220 basis points (bps) year over year to 13.3%.

The non-GAAP operating income surged 66.7% to $524.3 million in the January-March 2022 quarter from the year-ago quarter’s $314.5 million. The non-GAAP operating margin grew 200 bps to 5.8%.

Balance Sheet and Cash Flow

Arrow Electronics exited the first quarter with cash and cash equivalents of $242.8 million compared with the previous quarter’s $222.2 million.

The long-term debt was $2.79 billion, higher than $2.24 billion at the end of the fourth quarter of 2021.

The New York-based electronic components distributor used $200.2 million of cash for operating activities during the first quarter. In the first quarter of 2022, ARW returned $264.4 million worth of shares to its shareholders through the stock-repurchase program. It has $513 million remaining under its current share-repurchase authorization.

Guidance

For the second quarter of 2022, sales are estimated between $9.04 billion and $9.64 billion.

Global Components sales are projected in the range of $7.29-$7.59 billion. Global ECS sales are anticipated in the band of $1.75-$2.05 billion.

Interest expenses will presumably be about $36 million. As a result, the company projects non-GAAP earnings per share (EPS) in the range of $5.48-$5.64.

Arrow Electronics expects changes in foreign currencies to decrease second-quarter sales by approximately $300 million and EPS by 20 cents.

Zacks Rank & Stocks to Consider

Arrow Electronics currently carries a Zacks Rank #4 (Sell). Shares of ARW have rallied 5.9% in the past year.

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