National Presto Earnings Reports

National Presto Industries reported increased sales and earnings for the second quarter of 2024, driven by a significant increase in the Defense segment's sales and operating earnings. However, the Housewares/Small Appliance segment experienced a decrease in operating profit due to higher costs.

National Presto Industries, Inc. reported increased 2023 sales and earnings, with net consolidated sales increasing by $19.3 million or 6.0% to $340.9 million. Earnings were up $13.9 million or 67% to $34.6 million ($4.86 per share). The revenue increase was largely driven by the Defense segment.

National Presto Industries reported its second quarter 2023 results, with the Defense segment experiencing sales growth while the Housewares/Small Appliances segment saw a decline. The Defense segment's operating earnings decreased, while the Housewares/Small Appliance segment's operating profit increased.

National Presto Industries reported increased sales and earnings for the first quarter of 2023, driven by a significant increase in Defense segment sales. The Housewares/Small Appliances segment also saw a slight increase in sales and returned to profitability due to reduced logistical costs and price increases. The Safety segment reported a loss as anticipated.

National Presto Industries reported a decrease in net consolidated sales by 9.6% to $321.6 million and a decrease in earnings by 19.3% to $20.7 million ($2.92 per share) compared to the previous year, primarily due to challenges in the Defense segment.

National Presto Industries reported a decrease in sales by 20.1% due to reduced Defense shipments. However, net earnings increased by 116% due to improved performance in the Housewares/Small Appliance segment, which returned to profitability due to price increases and reduced ocean freight costs.

National Presto Industries reported that second quarter net sales essentially matched the prior year's second quarter, with increases from the Defense segment offsetting a decrease in the Housewares/Small Appliance segment. Net earnings decreased by $3.4 million or 26.6%.