National Presto Q2 sales rise to $78.9 million, but net earnings fall to $5.5 million
National Presto Industries reported second quarter 2023 results for the quarter ended July 2, 2023. Net sales rose to $78.9 million from $77.1 million a year earlier, but net earnings fell to $5.5 million, or $0.77 per share, from $6.7 million, or $0.94 per share. For the six months, net sales rose to $159.4 million and net earnings rose to $14.4 million, or $2.02 per share, from $9.6 million, or $1.36 per share.
- Q2 2023 net sales were $78.9 million versus $77.1 million in Q2 2022.
- Q2 2023 net earnings were $5.5 million, or $0.77 per share, versus $6.7 million, or $0.94 per share, a year earlier.
- Defense segment sales rose $7.6 million, or 14.5%, while Housewares/Small Appliance sales fell $5.9 million, or 23.8%.
- Six-month net earnings were $14.4 million, or $2.02 per share, versus $9.6 million, or $1.36 per share, in the prior-year period.