National Presto Industries Q3 net sales up 10.4%, EPS $1.13 vs $0.99

NATIONAL PRESTO INDUSTRIES INC

Q3 net sales $91.8M (+10.4% YoY); net earnings $8.08M (+15.2%); EPS $1.13 vs $0.99.
Defense segment sales up 8.9% ($5.48M) on backlog shipments; operating earnings up $727K.
Housewares/Small Appliance sales up 15.2% ($3.3M); operating earnings up 131.6% ($1M).
Safety segment startup incurred nominal sales and a loss; portfolio earnings down due to inventory investment.
Nine-month EPS $2.91 vs $3.01, down on higher inventory costs for Defense awards.

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