National Presto Q3 net earnings double to $8.9M despite sales drop

NATIONAL PRESTO INDUSTRIES INC

Q3 net sales $69.7M, down 20.1% YoY due to lower Defense shipments.
Net earnings $8.9M ($1.26 EPS) vs $4.1M ($0.58) YoY, up 116%.
Defense segment operating earnings fell $5.8M (48.2%) on supply chain issues.
Housewares/Small Appliance returned to profitability aided by price increases and lower ocean freight.
Safety segment continued to report a loss; higher interest rates boosted portfolio earnings.

item 2.02 item 9.01

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

NATIONAL PRESTO INDUSTRIES INC reported financial results for fiscal quarter ended October 2, 2022.

Period: fiscal quarter ended October 2, 2022
Result: reported results

Exact text from the filing

On October 28, 2022, the Registrant issued a press release regarding the registrant’s results of operations for the fiscal quarter ended October 2, 2022.

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Source: SEC EDGAR

accession 0001437749-22-025091

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