Tag: Residential
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...
DOOR hosting reveal event
May 28, 2024SSN Staff
ST. LOUIS — Latch, Inc., soon to be DOOR, has announced it will host a virtual reveal event on June 4, 2024 to unveil its first major set of products and services it says focuses on, “…reinventing how we live in our residences.”
Latch revealed that the new residential system and services take advantage of several developments that the company has been working on behind the scenes. Earlier this year Latch acquired The Broadway Company (TBC), a property management business,...
Faraone named DMP South Texas regional sales manager
May 22, 2024SSN Staff
SPRINGFIELD, Mo. – Albert Faraone has joined DMP as the regional sales manager for Southern Texas.
DMP said that Faraone will provide ongoing service and support to dealers across the region, including cities such as Houston, Austin and San Antonio.
“I chose DMP for two very important reasons,” said Faraone. “The first is the ability to impact all types of businesses—from small residential to large commercial—with a wide selection of products and the quality...