Jason Smith's questions to NAPCO SECURITY TECHNOLOGIES (NSSC) leadership • Q4 2025
Question
Jason Smith from Lake Street Capital Markets asked for clarification on whether the strong sell-through in June was broad-based across both radio and locking products. He also requested an update on whether the company has seen a noticeable pickup in the school security market.
Answer
President and COO Kevin Buchel confirmed that the strong June sell-through was 'across the board,' with a particularly strong performance from fire radios. He noted that the locking business faced a difficult comparison due to a large project in the prior year, but comps will ease after Q1. Regarding the school market, Buchel described business as 'steady, good, steady, strong,' but expressed that there remains a significant, long-term opportunity for upgrades across the country.