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Apr 02, 2023
National Presto Q1 2023 Earnings Report
Reported increased sales and earnings for Q1 2023.
Key Takeaways
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.
Defense segment sales increased by $18.5 million, or 45.9%, compared to the first quarter of 2022, driven by increased shipments from backlog.
Housewares/Small Appliances segment sales increased by $746 thousand, or 3.7%, remaining essentially flat.
The Defense segment's operating earnings increased by $4.5 million, or 74.2%, compared to the first quarter of 2022, largely following sales growth.
The Housewares/Small Appliance segment returned to profitability due to reduced logistical costs and price increases secured after the first quarter of 2022.
Revenue by Segment
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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