National Presto Q1 net sales fall to $76.7 million; net earnings drop to $6.6 million
National Presto Industries reported first quarter 2024 results in a press release dated April 26, 2024, filed with an 8-K. Net sales were $76.7 million versus $80.4 million a year earlier, and net earnings were $6.6 million, or $0.92 per share, down from $8.9 million, or $1.25 per share. Lower Defense segment shipments and a decline in Housewares/Small Appliance operating earnings drove the drop, which reduces per-share earnings for shareholders.
Key points
- Net sales were $76,653,000 for the quarter ended March 31, 2024, compared with $80,409,000 a year earlier.
- Net earnings were $6,568,000, or $0.92 per share, compared with $8,878,000, or $1.25 per share.
- Defense segment sales fell $3.8 million, or 6.5%, reflecting reduced shipments from backlog.
- Housewares/Small Appliance net operating earnings decreased $896,000, or 66.6%, largely due to sales mix and a sizable maintenance repair at its main facility.
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 April 30, 2024.
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.