National Presto Industries 2022 sales $321.6M (-9.6%), EPS $2.92; declares $4.00 dividend; elects new VP Sales

NATIONAL PRESTO INDUSTRIES INC

Net sales $321.6M, down 9.6% YoY; net earnings $20.7M ($2.92 per share), down 19.3%.
Defense segment sales declined $37.0M (15.5%) due to supply chain and labor shortages; operating earnings down 38.2%.
Housewares/Small Appliance returned to profitability with $5.3M operating profit vs prior year loss.
Dividend declared $4.00 per share ($1.00 regular + $3.00 extra), record date March 1, 2023, payable March 15, 2023.
John MacKenzie elected VP of Sales, replacing retired Richard L. Jeffers; MacKenzie joined company in 2016.

item 2.02 item 5.02 item 9.01

Executive movements

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Appointed

John MacKenzie

Vice President of Sales

NPK · NATIONAL PRESTO INDUSTRIES INC

Effective: 2023-02-17
Filed: February 22, 2023, 6:59 PM ET

On February 17, 2023, the registrant announced the election of John MacKenzie to Vice President of Sales.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 1.0

NATIONAL PRESTO INDUSTRIES INC reported the year ended December 31, 2022 results: revenue $321.6 million, net income $20.7 million, EPS $2.92 per share.

Period: the year ended December 31, 2022
Revenue: $321.6 million
Net income: $20.7 million
EPS: $2.92 per share
Result: reported results

Exact text from the filing

Net 2022 consolidated sales were $321.6 million, down $34.2 million (9.6%) from 2021’s levels. Earnings were $20.7 million ($2.92 per share) a decrease of $5.0 million (19.3%) from 2021’s $25.7 million ($3.63 per share).

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Executive change SEC 8-K Item 5.02 confidence 0.95

John MacKenzie was elected as Vice President of Sales at NATIONAL PRESTO INDUSTRIES INC.

Action: elected
Role: Vice President of Sales

Exact text from the filing

On February 17, 2023, the registrant announced the election of John MacKenzie to Vice President of Sales.

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Source: SEC EDGAR

accession 0001437749-23-004165

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