National Presto Q2 sales up 7.7%, EPS $0.85; defense drives growth, housewares profit slides

NATIONAL PRESTO INDUSTRIES INC

Q2 net sales $85.06M (+7.7% YoY); net earnings $6.08M; EPS $0.85 vs $0.77.
Defense segment sales rose $6.4M (+10.8%); operating earnings up 27% on volume and mix.
Housewares/Small Appliance sales down 1.4%; operating profit fell 81.6% on shipping and repair costs.
Six-month net sales $161.7M (+1.5%); net earnings $12.65M (-12.1%); EPS $1.78 vs $2.03.
Safety segment reported a loss as anticipated.

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