National Presto 2023 sales $340.9M, EPS $4.86 (+67%); $4.50 dividend; $44.2M defense awards

NATIONAL PRESTO INDUSTRIES INC

Net sales $340.9M (+6.0% YoY); net earnings $34.6M ($4.86 EPS) vs $20.7M ($2.92 EPS) in 2022.
Defense segment sales increased $39.2M (+19.4%) on improved backlog shipments; operating earnings up 21%.
Housewares/Small Appliance sales down $20.7M (-17.5%) to $97.6M; impacted by price cuts, PFAS concerns.
Dividend of $4.50 per share ($1.00 regular + $3.50 extra); record 3/1, payable 3/15; 80th consecutive year.
Two Defense awards totaling $44.2M for 40mm cartridges (Ukraine) and SDB warheads; completion in 2024.

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

NATIONAL PRESTO INDUSTRIES INC reported year ended December 31, 2023 results: revenue $ 340,912,000, net income $ 34,559,000, EPS $ 4.86.

Period: year ended December 31, 2023
Revenue: $ 340,912,000
Net income: $ 34,559,000
EPS: $ 4.86
Result: reported results

Exact text from the filing

YEAR ENDED DECEMBER 31 2023 2022 Net Sales $ 340,912,000 $ 321,623,000 Net Earnings $ 34,559,000 $ 20,699,000 Net Earnings Per Share $ 4.86 $ 2.92

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Source: SEC EDGAR

accession 0001437749-24-004826

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