Quarterly ResultMay 15, 2026, 04:09 PM
National Presto Q1 Net Sales +15% to $118.6M; Net Earnings -13%
AI Summary
National Presto Industries reported mixed first-quarter results for 2026. Consolidated net sales increased 15% to $118.6 million, primarily driven by a 23% increase in the Defense segment. However, net earnings decreased 13% to $6.6 million, with diluted EPS falling to $0.93, partly due to a 16% decline in Housewares/Small Appliances sales and increased costs related to a new warehousing facility. The company also fully repaid its $23.6 million line of credit and recorded a $1.7 million gain from the sale of a warehousing facility.
Key Highlights
- Q1 2026 consolidated net sales increased 15% to $118.6 million.
- Q1 2026 net earnings decreased 13% to $6.6 million ($0.93 EPS).
- Defense segment net sales rose 23% to $99.6 million.
- Housewares/Small Appliances net sales fell 16% to $18.5 million.
- Company repaid its $23.6 million line of credit, reducing balance to $0.
- Recognized a $1.7 million gain from the sale of a warehousing facility.
- Cash and cash equivalents increased to $6.5 million from $3.3 million.
Price Impact
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