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Jun 30, 2024
National Presto Q2 2024 Earnings Report
Increased sales and earnings were announced for the second quarter of 2024.
Key Takeaways
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.
Defense segment sales increased by $6.4 million, or 10.8%, due to higher shipments from backlog.
Housewares/Small Appliances segment sales decreased nominally by $269 thousand, or 1.4%.
Defense segment's operating earnings increased by $1.9 million, or 27.0%, due to increased volume, a favorable product mix, and improved efficiencies.
Housewares/Small Appliance segment's operating profit decreased by $695 thousand, or 81.6%, due to higher ocean shipping costs, a maintenance repair, and changes in accruals.
National Presto
National Presto
National Presto Revenue by Segment
Revenue by Segment
Defense Revenue
CapyFin.com Forward Guidance
Forward looking statements are subject to risks, uncertainties and assumptions that could cause actual results to differ.