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Dec 31, 2022
National Presto Q4 2022 Earnings Report
National Presto Industries, Inc. announced its 2022 sales and earnings.
Key Takeaways
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.
Net consolidated sales decreased by 9.6% compared to 2021.
Earnings decreased by 19.3% compared to 2021.
The Defense segment experienced declines in revenues and operating earnings due to supply chain issues and labor shortages.
The Housewares/Small Appliance segment reported an operating profit, contrasting with the prior year's loss.