National Presto Q2 EPS $0.77 vs $0.94; sales up 2.3%, but net earnings down 18%

NATIONAL PRESTO INDUSTRIES INC

Q2 net earnings $5.5M ($0.77 EPS) vs $6.7M ($0.94 EPS) prior year, down 18%.
Net sales $78.9M, up 2.3% from $77.1M; Defense segment sales up 14.5% ($7.6M) on backlog shipments.
Housewares/Small Appliance sales down 23.8% ($5.9M) on retailer 'Just-in-Time' inventory strategies.
Defense operating earnings fell 17.2% on less favorable mix; Housewares operating profit up 40% on accrual changes.
Six-month net earnings $14.4M ($2.02 EPS) vs $9.6M ($1.36 EPS), up 50%.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

NATIONAL PRESTO INDUSTRIES INC reported three months ended July 3, 2022 results: revenue Net Sales $ 77,138,000, net income Net Earnings $ 6,684,000, EPS Net Earnings Per Share $ .94.

Period: three months ended July 3, 2022
Revenue: Net Sales $ 77,138,000
Net income: Net Earnings $ 6,684,000
EPS: Net Earnings Per Share $ .94
Result: reported results

Exact text from the filing

and systems that provide early warning of conditions that, if not corrected, would cause significant losses. THREE MONTHS ENDED July 2, 2023 July 3, 2022 Net Sales $ 78,946,000 $ 77,138,000 Net Earnings $ 5,503,000 $ 6,684,000 Net Earnings Per Share $ .77 $ .94 Weighted Shares Outstanding 7,106,000 7,081,000 SIX MONTHS ENDED July 2, 2023 July 3, 2022 Net Sales $

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

NATIONAL PRESTO INDUSTRIES INC reported three months ended July 2, 2023 results: revenue Net Sales $ 78,946,000, net income Net Earnings $ 5,503,000, EPS Net Earnings Per Share $ .77.

Period: three months ended July 2, 2023
Revenue: Net Sales $ 78,946,000
Net income: Net Earnings $ 5,503,000
EPS: Net Earnings Per Share $ .77
Result: reported results

Exact text from the filing

detectors, and systems that provide early warning of conditions that, if not corrected, would cause significant losses. THREE MONTHS ENDED July 2, 2023 July 3, 2022 Net Sales $ 78,946,000 $ 77,138,000 Net Earnings $ 5,503,000 $ 6,684,000 Net Earnings Per Share $ .77 $ .94 Weighted Shares Outstanding 7,106,000 7,081,000 SIX MONTHS ENDED July 2, 2023 July 3, 2022 Net

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Source: SEC EDGAR

accession 0001437749-23-021191

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