National Presto Q3 sales rise 19.3% to $83.1 million; net earnings fall to $7.0 million
National Presto reported third-quarter 2023 net sales of $83.1 million, up 19.3% from a year earlier, driven by higher Defense segment shipments from backlog. Net earnings fell to $7.0 million, or $0.99 per share, from $8.9 million, or $1.26 per share, as Housewares/Small Appliances sales and operating profit declined, so shareholders saw higher revenue alongside lower per-share profit.
Key points
- Q3 net sales $83.1 million vs. $69.7 million in the prior-year quarter; Defense segment net sales rose $19.0 million, or 44.8%
- Q3 net earnings $7.0 million ($0.99 per share) vs. $8.9 million ($1.26 per share)
- Housewares/Small Appliances net sales fell $5.6 million, or 20.6%, and its operating profit dropped $5.3 million, or 87.5%, citing a major repair and higher insurance costs
- Nine-month net sales $242.5 million and net earnings $21.4 million ($3.01 per share), vs. $207.6 million and $18.5 million ($2.62 per share) a year earlier
The filing
Written by AI on Nov 8, 2026, 6:59 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on November 03, 2023.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.