Tag: Residential
Carrier tightens portfolio amid turbulence
December 17, 2024Ken Showers, Managing Editor
PALM BEACH GARDENS, Fla.— Carrier Global’s recent sale of its commercial and residential fire business is a move calculated to simplify the company’s portfolio and refocus its efforts at a time of international turbulence.
Other companies inside and outside of the security industry have been similarly streamlining their portfolios. ADT sold its commercial business in 2023 and closed its solar division the following year to focus on its residential security business.
Similarly,...
Per Mar receives 2024 Premier Security Dealer of the Year Award from Resideo
November 25, 2024SSN Staff
DAVENPORT, Iowa – Per Mar Security Services, a provider of comprehensive security solutions for commercial and residential customers, has been honored with the 2024 Premier Security Dealer of the Year award by Resideo at its 35th Annual CONNECT customer event.
The award honors the company's dedication to growth, demonstrates true team performance, and delivers exceptional security solutions.
Brian Duffy, CEO of Per Mar, expressed his gratitude for the recognition: “It is an...
NAPCO’s radio gains make up for lagging lock sales
November 5, 2024Ken Showers, Managing Editor
AMITYVILLE, N.Y.— NAPCO Security Technologies saw strong radio sales and recurring service revenue (RSR) but struggling locking sales in the first quarter of its fiscal year 2025.
RSR saw a prospective annual run rate of approximately $85.2 million based on October 2024 RSR, compared to $83.5 million from July 2024 RSR.
“The increase is due to the continued strength of our line of StarLink radios, particularly our StarLink fire radios,” said CFO Kevin Buchel during...
ADT Q3 paves the way forward through account acquisition and valuable partnerships
October 31, 2024Ken Showers, Managing Editor
BOCA RATON, Fla. — In spite of challenging market conditions ADT has shown admirable financial growth in the third quarter thanks to bulk account acquisition and partnerships with other major platforms.
“I'm pleased to report that ADT is continuing to deliver on our 2024 objectives and as we closeout the year, we're well positioned to deliver the full year financial guidance,” ADT CEO Jim DeVries told investors during a webcast.
He added, “In addition to...
Brinks Home shares fall safety, security tips
September 4, 2024Ken Showers, Managing Editor
YARMOUTH, Maine — The approaching fall season is a good time for security providers to check in with their residential customers to review fire safety tips, confirm their devices are working properly and make sure they’re stocked up on emergency supplies, according to Brinks Home.
"It's easy to get swept up in the excitement of the changing season—from back-to-school activities and setting up the best Halloween decorations to the countdown to Thanksgiving,”...
NewsPoll: Don’t look at weather, look at costs
August 21, 2024Ken Showers, Managing Editor
YARMOUTH, Maine — Climate change isn’t really a consideration when it comes to the design of residential security systems, according to the respondents to a recent SSN News Poll, but the rising cost of technology certainly is.
An even 40-40 split of respondents believe climate change is not important or only somewhat important when it comes to the design of a residential security system, with the remaining 20% of respondents giving it more consideration.
“I...
'We will be a simpler, higher-growth company' - Johnson Controls divests businesses as Oliver bows out
August 5, 2024Ken Showers, Managing Editor
CORK, Ireland — Johnson Controls’ sales in the third quarter were steady as the company continues to transform its business, including through divestitures, to better fit a leaner and more competitive industrial market.
The company reported sales of $7.2 billion, a 1% increase year over year. GAAP net income was $975 million. Adjusted net income was $769 million. The company also reported 10% growth to its backlog in the quarter, which Chairman and CEO George Oliver said increases...
ASSA ABLOY touts acquisitions
July 17, 2024Ken Showers, Managing Editor
STOCKHOLM — ASSA ABLOY posted strong numbers for the second quarter, thanks to savvy acquisitions, but interest rates and below expectation housing starts resulted in another weak showing for the company’s residential business.
Big picture
By the numbers, the company posted a net sales increase of 10% to SEK 37,968 M (34,474), with organic growth of -1% and acquired net growth of 11%.
“Good sales growth in EMEA and Americas from an organic...
Doyle Security Systems partners with Greenlight Networks
June 11, 2024SSN Staff
ROCHESTER, NY — Doyle Security Systems, residential and commercial security, fire and medical monitoring systems provider, and Greenlight Networks, a fiber-optic internet service provider, have launched a strategic partnership.
Both companies are headquartered in Rochester, N.Y. and share a similar footprint across New York State. Through the partnership, Doyle and Greenlight said they are excited to bring the best-quality security and fiber-optic internet to the communities they serve....
CivicPlus, Nextdoor ‘increase neighborhood resilience’
June 4, 2024Ken Showers, Managing Editor
MANHATTAN, Kan. — CivicPlus, a provider of integrated software solutions for local governments, has integrated with Nextdoor, a neighborhood-focused social media platform.
Using the combined platform, which brings together CivicPlus' Mass Notification System with Nextdoor's hyper-local messaging capabilities, local agencies can improve response rates, mitigate the impact emergencies have on communities, foster greater trust with residents, and strengthen public safety...