NATIONAL PRESTO INDUSTRIES INC

Listed Company

NPKCIK 0000080172NYSEAcceleratedOrdnance & Accessories, (No Vehicles/Guided Missiles)WisconsinFY ends Dec 31

Period

FY 2025

Revenue

$503.52M

Net Income

$33.08M

Total Assets

$500.73M

Equity

$395.13M

Shares Out

7.16M

Op. Cash Flow

$-9.14M

Business

NATIONAL PRESTO INDUSTRIES INC is a diversified manufacturer and marketer that operates consumer housewares and small electrical appliances, defense munitions and ordnance-related products, and safety technology businesses. It offers pressure cookers, griddles, small kitchen electrics and comfort appliances; 40mm ammunition, medium-caliber cartridge cases, precision mechanical and electro-mechanical assemblies, detonators and other military energetic devices and LAP services; and cloud‑based environmental monitoring systems and residential carbon monoxide and smoke alarms. The company operates through three segments: Housewares/Small Appliance, Defense, and Safety. Products are sold primarily in the United States and Canada through direct retail accounts, independent distributors, digital and in‑store promotions, and government defense contracts.

Summary from filing dated 2025-03-14

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Net sales	504	388	341	322	356
Cost of sales	423	310	273	266	291
Gross profit	80	79	67	55	64
Selling and general expenses	36	32	31	27	34
Intangibles amortization	2	2	2	582,000	214,000
Loss on impairment of vendor deposit	3	0	0	—	—
Operating profit	40	45	35	22	30
Other income	2	5	7	4	2
Earnings before provision for income taxes	42	51	42	26	32
Provision for income taxes	9	9	8	5	7
Net earnings	33	41	35	21	26
Basic and diluted (in shares)	7	7	7	7,081	7,060
Net earnings per share (in dollars per share)	4.63	5.82	4.86	2.92	3.63
Unrealized gain (loss) on available-for-sale securities, net of tax	−29,000	13,000	125,000	−123,000	−134,000
Comprehensive income	33	41	35	21	26

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	3	18	88	71	110
Marketable securities	503,000	5	26	25	34
Accounts receivable	85	63	49	71	54
Less allowance for doubtful accounts	243,000	217,000	596,000	338,000	338,000
Accounts receivable, net	85	62	49	71	53
Finished goods	32	38	32	36	41
Work in process	250	219	145	106	92
Raw materials and supplies	25	20	14	10	11
Inventory, net	307	278	190	152	144
Notes receivable, current	208,000	600,000	2	2	2
Income tax receivable	4	0	—	—	—
Other current assets	3	3	5	6	4
Total current assets	403	367	360	327	348
Land and land improvements	4	4	3	5	3
Buildings	81	58	52	51	49
Machinery and equipment	53	53	52	50	46
Property, Plant and Equipment, Gross	138	115	107	105	99
Less allowance for depreciation and amortization	75	71	68	64	62
Property, plant, and equipment, net	64	43	39	42	37
GOODWILL	19	19	19	19	15
INTANGIBLE ASSETS, net	2	4	5	7	3
RIGHT-OF-USE LEASE ASSETS	9	10	11	11	10
DEFERRED INCOME TAXES	3	10	6	6	5
Assets, total	501	453	441	412	420
Accounts payable	46	45	33	29	33
Line of credit	24	0	—	—	—
Federal and state income taxes	0	5	3	3	3
Lease liabilities	516,000	564,000	678,000	577,000	546,000
Accrued Liabilities, Current	25	25	36	22	17
Total current liabilities	95	74	72	54	53
LEASE LIABILITIES - NON-CURRENT	9	9	10	10	10
FEDERAL AND STATE INCOME TAXES - NON-CURRENT	2	2	2	0	—
Total liabilities	106	86	84	64	63
Common stock, $1 par value: Authorized: 12,000,000 shares at December 31, 2025 and 2024 Issued: 7,440,518 shares at December 31, 2025 and 2024 Outstanding: 7,123,116 and 7,105,595 shares at December 31, 2025 and 2024, respectively	7	7	7	7	7
Paid-in capital	18	17	16	15	14
Retained earnings	380	354	344	338	349
Accumulated other comprehensive income	6,000	35,000	22,000	−103,000	20,000
Stockholders' Equity before Treasury Stock	405	378	368	360	370
Less treasury stock, at cost, 316,801 and 334,923 shares at December 31, 2025 and 2024, respectively	10	11	11	12	—
Total stockholders' equity	395	368	356	348	358
Liabilities and Equity	501	453	441	412	420

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Provision for depreciation	4	4	4	3	3
Deferred income tax (benefit)	8	−5	−1	−2	−2
Provision for doubtful notes and accounts receivable	66,000	−285,000	285,000	—	—
(Gain) loss on disposal of property, plant and equipment	13,000	0	−7,000	463,000	493,000
Noncash retirement plan expense	1	904,000	863,000	803,000	752,000
Gain on sale of subsidiary	−253,000	0	−351,000	0	0
Other	230,000	856,000	591,000	514,000	100,000
Accounts receivable, net	−23	−13	20	−13	1
Inventories	−29	−88	−39	−6	−10
Other assets and current assets	−28,000	2	2	147,000	10
Accounts payable and accrued liabilities	2	390,000	18	−676,000	−1
Federal and state income taxes payable	−9	1	2	−649,000	−2
Net cash provided by (used in) operating activities	−9	−53	45	9	35
Marketable securities purchased	0	−5	−48	−20	−4
Marketable securities - maturities and sales	4	27	46	29	39
Purchase of property, plant and equipment	−27	−8	−2	−1	−3
Proceeds from notes receivable	403,000	1	627,000	106,000	543,000
Proceeds from sale of subsidiary	278,000	0	2	0	0
Proceeds from insurance claim	0	0	232,000	0	250,000
Net cash provided by (used in) investing activities	−22	15	−447,000	−16	33
Proceeds from line of credit	193	8	0	0	—
Payments on line of credit	−169	−8	0	0	—
Dividends paid	−7	−32	−28	−32	−44
Proceeds from sale of treasury stock	120,000	513,000	429,000	436,000	571,000
Other	0	−17,000	−40,000	−36,000	45,000
Net cash provided by (used in) financing activities	17	−32	−28	−31	−43
Net increase (decrease) in cash and cash equivalents	−14	−70	17	−39	24
Income Taxes	10	12	7	8	10
Interest on line of credit	832,000	2,000	0	0	—

Filings

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