National Presto Q1 sales $80.4M (+32% YoY), EPS $1.25 vs $0.41; Defense segment up 46%

NATIONAL PRESTO INDUSTRIES INC

Net earnings of $8.9M, up from $2.9M; diluted EPS $1.25 vs $0.41 year over year.
Defense segment sales rose $18.5M (+45.9%); operating earnings up 74.2% to $4.5M.
Housewares/Small Appliance sales flat (+3.7%) but swung to positive operating earnings; prices reduced in mid-April due to retailer demands.
Safety segment generated nominal sales and reported an anticipated operating loss.
Launched new FreshDaddy vacuum sealing product line with three sealers, bags, and containers at March 2023 Inspired Home Show.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

NATIONAL PRESTO INDUSTRIES INC reported the fiscal quarter ended April 2, 2023 results: revenue $80,409,000, net income $8,878,000, EPS $1.25.

Period: the fiscal quarter ended April 2, 2023
Revenue: $80,409,000
Net income: $8,878,000
EPS: $1.25
Result: reported results

Exact text from the filing

THREE MONTHS ENDED April 2, 2023 April 3, 2022 Net Sales $ 80,409,000 $ 60,754,000 Net Earnings $ 8,878,000 $ 2,915,000 Net Earnings Per Share $ 1.25 $ .41 Weighted Average Shares Outstanding 7,097,000 7,073,000

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Source: SEC EDGAR

accession 0001437749-23-013056

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