National Presto Q1 sales $60.8M, EPS $0.41 vs $1.28 YoY; defense sales down 25.9%

NATIONAL PRESTO INDUSTRIES INC

Net sales $60.8M vs $81.0M; net earnings $2.9M vs $9.0M; EPS $0.41 vs $1.28.
Defense segment sales down 25.9% due to supply chain; operating earnings down 46.3%.
Housewares/Small Appliance sales down 23.4% from price-increase delays; segment posted operating loss.
New products launched at trade show: PopLite, Tuxedo digital skillets, nitro coffee dispenser.
Safety segment sales were nominal and reported a loss.

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