National Presto Industries, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended October 02, 2022
November 14, 2022 at 05:25 pm EST
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National Presto Industries, Inc. reported earnings results for the third quarter and nine months ended October 02, 2022. For the third quarter, the company reported sales was USD 69.68 million compared to USD 87.23 million a year ago. Net income was USD 8.93 million compared to USD 4.13 million a year ago. Basic earnings per share from continuing operations was USD 1.26 compared to USD 0.58 a year ago.
For the nine months, sales was USD 207.58 million compared to USD 255.37 million a year ago. Net income was USD 18.53 million compared to USD 22.41 million a year ago. Basic earnings per share from continuing operations was USD 2.62 compared to USD 3.18 a year ago.
National Presto Industries, Inc. is engaged in various business segments, which includes Housewares/Small Appliance, Defense and Safety. The Housewares/Small Appliance segment designs, markets and distributes housewares and small electrical appliances, including pressure cookers and canners, kitchen electrics, and comfort appliances. The Defense segment manufactures 40-millimeter (mm) ammunition, precision mechanical and electro-mechanical assemblies, medium caliber cartridge cases and metal parts; performs Load, Assemble and Pack (LAP) operations on ordnance-related products primarily for the United States Government and prime contractors, and manufactures detonators, booster pellets, release cartridges, lead azide and others. The Safety segment offers systems that provide early warning of conditions that could ultimately lead to significant losses and also offers carbon monoxide alarms with large digital displays and an array of voice messages that clearly inform of incipient danger.
NATIONAL PRESTO INDUSTRIES, INC. 
