National Presto Q3 net sales up 19.3% to $83.1M; EPS down to $0.99 from $1.26

NATIONAL PRESTO INDUSTRIES INC

Net sales $83.1M (+19.3% YoY); net earnings $7.0M, down 21.4% from $8.9M.
Defense segment sales up 44.8% ($19.0M), driving $2.8M (44.9%) operating profit increase.
Housewares segment sales down 20.6% ($5.6M) due to inventory carryover, timing, and price reductions; operating profit down 87.5%.
Safety startup segment reported nominal sales and a loss; interest income improved on higher Fed rates.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

NATIONAL PRESTO INDUSTRIES INC reported nine months ended October 1, 2023 results: revenue $ 242,496,000, net income $ 21,400,000, EPS $ 3.01.

Period: nine months ended October 1, 2023
Revenue: $ 242,496,000
Net income: $ 21,400,000
EPS: $ 3.01
Result: reported results

Exact text from the filing

Net Sales $ 242,496,000 $ 207,575,000 Net Earnings $ 21,400,000 $ 18,526,000 Net Earnings Per Share $ 3.01 $ 2.62

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

NATIONAL PRESTO INDUSTRIES INC reported third quarter 2023 results: revenue $ 83,141,000, net income $ 7,019,000, EPS $ 0.99.

Period: third quarter 2023
Revenue: $ 83,141,000
Net income: $ 7,019,000
EPS: $ 0.99
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 Oct. 1, 2023 Oct. 2, 2022 Net Sales $ 83,141,000 $ 69,683,000 Net Earnings $ 7,019,000 $ 8,927,000 Net Earnings Per Share $ 0.99 $ 1.26 Weighted Shares Outstanding 7,108,000 7,083,000 NINE MONTHS ENDED Oct. 1, 2023 Oct. 2, 2022

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Source: SEC EDGAR

accession 0001437749-23-030214

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