National Presto Industries, Inc. Reports Earnings Results for the Third Quarter Ended September 29, 2019
January 29, 2020 at 02:36 am IST
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National Presto Industries, Inc. announced earnings results for the third quarter ended September 29, 2019. For the third quarter, the company announced sales was USD 78.006 million compared to USD 81.653 million a year ago. Operating income was USD 17.238 million compared to USD 6.842 million a year ago. Net income was USD 16.389 million compared to USD 6.371 million a year ago. Basic earnings per share was USD 2.33 compared to USD 0.91 a year ago. Basic earnings per share from continuing operations was USD 2.09 compared to USD 0.89 a year ago. For the nine months, sales was USD 213.601 million compared to USD 237.706 million a year ago. Operating income was USD 31.923 million compared to USD 32.621 million a year ago. Net income was USD 30.496 million compared to USD 28.132 million a year ago. Basic earnings per share was USD 4.35 compared to USD 4.02 a year ago. Basic earnings per share from continuing operations was USD 4.11 compared to USD 4 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. 
