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National Presto Q1 2025 Earnings Report
National Presto Industries, Inc. reported a significant increase in net sales and net earnings for the first quarter of 2025, driven primarily by strong performance in its Defense segment.
Key Takeaways
National Presto Industries, Inc. delivered a robust first quarter in 2025, with net sales increasing by 35% and net earnings rising by 16% compared to the same period last year. The Defense segment was the primary growth driver, showing a 47% increase in sales due to higher shipments from its backlog. Despite a decrease in gross profit for the Housewares/Small Appliance segment due to less favorable product mix and higher material costs, the overall financial performance was positive.
Net sales increased by $26,986,000 (35%) to $103,639,000 for the first quarter of 2025.
Net earnings increased by $1,042,000 (16%) to $7,610,000 for the first quarter of 2025.
The Defense segment's net sales grew by 47% to $80,938,000, primarily due to increased shipments from backlog.
The Housewares/Small Appliance segment's gross profit decreased by $1,648,000, impacted by less favorable product mix and higher material costs, including tariffs.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
The Company anticipates fulfilling unsatisfied performance obligations (contract backlog) in the Defense segment within an 18 to 42-month period. They plan to continue evaluating acquisition opportunities and making capital investments that align with business segments and project appropriate return on investment. The Company believes it has sufficient liquidity to meet capital requirements, dividend payments, and fund future growth.
Positive Outlook
- Anticipates fulfilling Defense segment contract backlog within 18 to 42 months.
- Plans to continue evaluating acquisition opportunities that align with business segments.
- Intends to continue making capital investments in business segments with appropriate return on investment.
- Believes it has sufficient liquidity from operating activities cash flows and a credit facility.
- Expects to meet all anticipated capital requirements and make dividend payments.
Challenges Ahead
- The outcome of the union membership ratification vote for the new contract is uncertain.
- The Company cannot predict the outcome of the union vote.
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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