earnings
confidence high
sentiment neutral
materiality 0.60
National Presto Q1 net sales $118.6M (+14.5% YoY); EPS $0.93 vs $1.07
NATIONAL PRESTO INDUSTRIES INC
- Net sales rose to $118.6M from $103.6M; net earnings fell to $6.6M ($0.93/sh) from $7.6M ($1.07/sh).
- Defense segment sales up $18.6M (+23%), op earnings up $1.1M (+8.2%); benefited from backlog shipments.
- Housewares/Small Appliance sales down $3.4M (-15.6%) due to warehouse startup issues and tariff-driven demand drop; segment posted a sizable loss.
- Safety segment also reported a loss, impacted by same warehouse disruption; unveiled Rely FX commercial fire extinguisher line.
- Weighted average shares outstanding: 7.159M vs 7.137M.