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Jul 02, 2023
National Presto Q2 2023 Earnings Report
Announced second quarter 2023 sales and earnings.
Key Takeaways
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.
Defense segment sales increased by $7.6 million, or 14.5%, compared to the same quarter in 2022.
Housewares/Small Appliances segment sales decreased by $5.9 million, or 23.8%, compared to the prior year.
The Defense segment’s operating earnings declined $1.48 million or 17.2% from second quarter 2022.
Housewares/Small Appliance segment’s operating profit increased $245 thousand or 40% over the prior year.
Revenue by Segment
Forward Guidance
Forward looking statements are subject to risks and uncertainties, as well as assumptions, that could cause actual results to differ materially from historical results and those presently anticipated or projected.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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