National Presto 2021 net earnings fall 45.4% to $25.7M; declares $4.50 dividend

NATIONAL PRESTO INDUSTRIES INC

Net earnings $25.7M ($3.64/share) vs $47.0M ($6.67/share) in 2020, down 45.4%.
Net sales $355.8M up 0.9%; Housewares sales down 1.5% due to supply chain disruption.
All segment operating profits down; Housewares had operating loss from freight/material cost increases.
2022 dividend: $4.50/share ($1.00 regular + $3.50 extra); record March 1, pay March 15.
Defense backlog healthy; but supply chain issues, labor shortages, and inflation remain headwinds.

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