Napco says sales, marketing investment cut earnings

Napco Security Technologies Inc. said investments in sales and marketing cut its fourth fiscal quarter earnings by 27 percent, to $2.3 million or 12 cents a share.

However, the Amityville-based company said net sales for the full fiscal year ended June 30 were a record $74.4 million, up 4 percent from a year earlier, while net income for the year rose by 15 percent to $3.5 million or 18 cents a share.

Sales for the fourth fiscal quarter were flat compared with a year earlier at $21.5 million, but the previous year's fourth-quarter total had included a large access control order from an unnamed major university.

Napco provides electronic security and fire alarm systems for homes, schools and commercial applications.