Hurricane Sandy might impact performance in the December quarter. Volume was poised to rebound. But the rebuilding effort might cause some security projects to be postponed as other work receives greater attention. Napco's largest market is the Northeast.
Due to the headwinds we have reduced out fiscal 2013 (June) sales estimate to $75 million. We also have lowered our earnings target by a nickel to $.25 a share. The long term outlook remains bright. Napco is well positioned to capture a leading role in the digital security industry.
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